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CfA's August 9, 2024 Newsletter

With your support, Campaign for Accountability is working to expose corruption and hold the powerful accountable.

This Week's Updates: 

Russia Turns to Crypto as Sanctions Tighten
Yesterday, Russian president Vladimir Putin signed a law legalizing international payments via cryptocurrencies, meaning Russian businesses may soon be able to use crypto to evade US sanctions and continue doing business across borders. The law has been framed as a “patriotic effort,” according to crypto analyst and Russia expert Valerie Kennedy, designed to shore up the country’s wartime economy amidst a sharp downturn. Some Russian arms dealers are already evading sanctions using “stablecoins,” which are pegged to the value of the US dollar and kept safe from fluctuations experienced by currencies like Bitcoin. Now, the increasingly isolated Russian government is moving to formalize this relationship, and give corporations formal permission to engage in sanctions evasion. 
Apple CEO Tim Cook Steps Up Lobbying Efforts as Antitrust Enforcement Looms
On Monday, Judge Mehta of U.S. District Court for the District of Columbia ruled that Google had acted as a monopolist to retain its dominance over the search engine market, illegally suppressing the development of competitors and extracting inflated profits from advertisers. Documents published as part of the lawsuit revealed that Google had spent billions of dollars to ensure that its search engine was set as the default on web browsers and devices, locking in users who may not have otherwise chosen its products. These deals enriched companies like Apple, which collected $20 billion from Google in 2022. If Google’s appeal fails, these companies will no longer be able to count on default payments from Google or any other entity.
 
Now, independent experts tell The Financial Times that Apple will bear the brunt of Google’s monopoly judgement, as it may forgo default payments for the first time in decades. FT’s analysis also cites a new report from CfA’s Tech Transparency Project (TTP), which explains how Apple CEO Tim Cook became his company’s most prominent lobbyist in the fight against antitrust enforcement and other regulatory threats. Visitor logs reveal that Cook has attended at least 11 events at the White House, in addition to three state dinners and multiple private meetings with Biden’s senior aides. TTP’s full report contains more information on Cook’s lobbying activities around the world, including a previously-unreported communications with EU officials. 
Social Media Platforms Inflame Anti-Immigrant Violence in UK 
On July 30, a group of far-right activists organized an anti-immigrant rally in Southport, a seaside town in the UK which had recently been the site of a mass-stabbing that left three young girls dead. A series of viral social media posts falsely claimed that the attacker was a recent asylum-seeker, and extremist organizations were quick to turn the rally into a riot. From there, violence exploded across the country, as anti-immigrant mobs looted immigrant-owned businesses and attacked hotels that they believed to be housing asylum seekers. As of today, nearly 500 rioters have been arrested.
 
Home secretary Yvette Cooper, who oversees immigration and national security, has criticized social media companies for failing to remove posts that spread disinformation and incited violence. White supremacist groups appear to have used barely-moderated platforms like Telegram to coordinate messaging, which spread even further on X. As British authorities sought to contain the violence, X CEO Elon Musk shared far-right disinformation and declared that civil war was “inevitable” in the UK. Meanwhile, an X account owned by British white supremacist Tommy Robinson has exploded in popularity; his posts have been viewed more than 434 million times since the riots began, and have attracted attention from Musk.
 
Similar forces are at play in the United States, where white supremacist groups have taken advantage of the war in Gaza to spread antisemitic and Islamophobic conspiracy theories. Last week, Rep. Dan Goldman (D-NY) cited TTP’s research in a letter to Speaker Mike Johnson (R-LA), urging him to investigate X’s failure to contain hate speech and deplatform terrorist groups like Hamas and Hezbollah.
What We're Reading
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IRS to start ‘intensifying audits’ on bogus employee retention claims
Oklahoma Crisis Pregnancy Centers See Big State Funding Boost

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Be on the lookout for more updates about our work in the upcoming weeks. Thanks again for signing up to be a part of CfA!  
 
Sincerely, 

Michelle Kuppersmith
Executive Director, Campaign for Accountability
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