Trump’s term means significant changes for AI, crypto, and EV policy.
Potential impact on electric vehicle tax credits and climate-focused policies
(EV) tax credits and other climate-focused policies may be in jeopardy under the Trump administration. While Tesla, led by Elon Musk, could stand to benefit from EV-friendly policies, analysts predict challenges in sustaining EV tax credits under Trump. There is speculation about the shift in policy direction and its impact on the EV market.
Semiconductor policy differences between Biden and Trump administrations
The Biden administration passed the CHIPS and Science Act to bolster domestic semiconductor production, emphasizing its importance for national security and technological advancements. In contrast, Trump criticized the bill, suggesting a potential repeal.
Potential regulatory changes in the cryptocurrency industry
Trump's interest in the cryptocurrency industry, evident from his support at Bitcoin events and alignment with prominent crypto investors, suggests a shift towards more permissive regulation. Analysts anticipate a change in leadership at the Securities and Exchange Commission under Trump, potentially leading to a friendlier regulatory environment for cryptocurrencies.
Potential FCC changes
Expectations include more concentrated control of TV stations and relaxed broadcast merger rules under a Republican-led Federal Communications Commission (FCC). Commissioner Brendan Carr's proposals, such as big tech contributions to the Universal Service Fund and altering broadcasting rules, indicate potential shifts in FCC policies under a Republican administration.
Influence of Elon Musk in broadband policy issues and competition
Elon Musk's involvement with Starlink and advocacy against certain broadband policies, like the Broadband Equity, Access, and Deployment (BEAD) program, hints at potential lobbying efforts to shape favorable policies for his company. Musk's influence could impact how broadband policies, particularly those related to competition and technology deployment, are crafted under Trump's administration.
Content moderation challenges and potential changes
Conservatives, including Trump, have raised concerns about social media platforms' content moderation practices. There is a possibility of reworking Section 230 protections to allow punitive measures for moderation decisions. FCC involvement and potential legislative amendments to online speech rules may face legal scrutiny, presenting challenges and opportunities for defining content moderation standards.
Uncertain future of the Kids Online Safety Act (KOSA)
The Kids Online Safety Act (KOSA) faces uncertainties in political approval, with potential variations in reception under different leadership. Concerns about potential censorship implications and content restrictions highlight partisan divisions in evaluating the bill's impact on online safety measures for children, presenting a complex legislative landscape surrounding KOSA's future.
Article: https://www.theverge.com/2024/11/8/24291333/second-trump-tech-policy-antitrust-ai-crypto