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Jon Keegan

Senate kills proposed 10-year ban on state AI regulations

In the wee hours of the morning, the US Senate came together in a rare show of bipartisan consensus around an important issue: AI regulation.

In a 99-1 vote, lawmakers killed a piece of President Trump’s massive tax bill, which would have blocked states from passing any AI regulations for a decade. The amendment was sponsored by Tennessee Senator Marsha Blackburn, who feared the provision would enable companies to use AI to nonconsensually mimic musicians’ voices.

The Trump administration has made US dominance of AI a top priority, and key industry insiders like AI and crypto czar David Sacks, Palantir cofounder Peter Thiel, and Tesla’s Elon Musk wield a significant amount of influence (or used to).

The ban on regulation was a top priority for lobbyists from Meta, Microsoft, Palantir, Anduril, and venture capital giant Andreessen Horowitz, according to Bloomberg.

With federal regulation of AI a remote possibility due to a divided Congress, the AI industry faces a patchwork of dozens of state regulations, with more sure to follow.

Senate Removes Tax Bill Provision Limiting State AI Regulation

Senate Removes Tax Bill Provision Limiting State AI Regulation

The Trump administration has made US dominance of AI a top priority, and key industry insiders like AI and crypto czar David Sacks, Palantir cofounder Peter Thiel, and Tesla’s Elon Musk wield a significant amount of influence (or used to).

The ban on regulation was a top priority for lobbyists from Meta, Microsoft, Palantir, Anduril, and venture capital giant Andreessen Horowitz, according to Bloomberg.

With federal regulation of AI a remote possibility due to a divided Congress, the AI industry faces a patchwork of dozens of state regulations, with more sure to follow.

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Jon Keegan

In December, the White House announced a new program to let wealthy foreigners get a shortcut to US citizenship — the “Trump Gold Card.” After paying a $15,000 application fee, passing a vetting process, and ultimately paying a $1 million “contribution,” the applicant gets a card in President Trump’s favorite color that grants the owner US citizenship “in record time.”

So, how many of these rich foreigners have received their shiny ticket to American residency? Commerce Secretary Howard Lutnick told a House committee today that only one of the cards has been issued, but “hundreds” of applications are being reviewed.

In December, Lutnick predicted that the cards could generate up to $1 trillion in revenue.

power
Jake Lahut

Who’s next to leave the Trump admin following Chavez-DeRemer’s departure?

After a few abandoned nominations and the occasional lateral demotion during President Donald Trump’s first year in office, turnover has accelerated dramatically.

Just in the past month, top officials such as Attorney General Pam Bondi, Homeland Security Secretary Kristi Noem, and Labor Secretary Lori Chavez-DeRemer have left their posts.

Following a report from The Atlantic alleging heavy drinking and absenteeism plaguing FBI Director Kash Patel, the odds of his departure from the Trump administration in 2026 shot up sharply, with traders now pricing in an 80% chance he won’t last the year.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Tulsi Gabbard, the director of national intelligence, is another official who could be on the ropes. Her deputy, Joe Kent, has already resigned over the Iran war. Gabbard’s 2020 presidential campaign — and appeal in broadening Trump’s electorate in 2024 — heavily centered around ending perpetual “regime change wars.” The White House has indicated to Gabbard that they want her gone before the midterms, but the timing of her departure remains vague, according to two sources familiar with the discussions who spoke to Sherwood News in recent weeks.

As for who will replace the outgoing members, pay attention to who can be confirmed by the Senate. To replace Bondi, a Trump adviser told Sherwood the most likely replacements are acting Attorney General Todd Blanche, Trump’s former personal attorney, as well as EPA Administrator Lee Zeldin.

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Which Trump officials might be next to leave the administration

Kash Patel, Tulsi Gabbard

Following a report from The Atlantic alleging heavy drinking and absenteeism plaguing FBI Director Kash Patel, the odds of his departure from the Trump administration in 2026 shot up sharply, with traders now pricing in an 80% chance he won’t last the year.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Tulsi Gabbard, the director of national intelligence, is another official who could be on the ropes. Her deputy, Joe Kent, has already resigned over the Iran war. Gabbard’s 2020 presidential campaign — and appeal in broadening Trump’s electorate in 2024 — heavily centered around ending perpetual “regime change wars.” The White House has indicated to Gabbard that they want her gone before the midterms, but the timing of her departure remains vague, according to two sources familiar with the discussions who spoke to Sherwood News in recent weeks.

As for who will replace the outgoing members, pay attention to who can be confirmed by the Senate. To replace Bondi, a Trump adviser told Sherwood the most likely replacements are acting Attorney General Todd Blanche, Trump’s former personal attorney, as well as EPA Administrator Lee Zeldin.

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$1.4B
Rani Molla

In an effort to cement control ahead of SpaceX’s IPO, Tesla and SpaceX CEO Elon Musk bought $1.4 billion in shares of the rocket company from current and former employees last year, The Information reports, citing the confidential IPO prospectus.

The filing also revealed a moon shot incentive plan for the boss: Musk stands to gain 60 million more shares if SpaceX’s market cap increases to as high as $6.6 trillion and it completes a plan to build AI data centers in space. For its June IPO, the company is targeting a more than $2 trillion valuation.

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Jake Lahut

Lori Chavez-DeRemer out at Department of Labor

Lori Chavez-DeRemer resigned as President Donald Trump’s labor secretary on Monday, sources familiar with the matter told NOTUS.

Her tenure at the department was mired in scandal, including her husband being barred from headquarters after women employees reported he had touched them inappropriately. Chavez-DeRemer and a top aide reportedly texted women on staff to “pay attention” to the secretary’s husband and her father around the office, according to The New York Times.

The department’s inspector general had been investigating those messages and personal requests made of staff members.

Labor Secretary Lori Chavez-DeRemer Has Resigned

Labor Secretary Lori Chavez-DeRemer Has Resigned
power
Jon Keegan

Report: Anthropic’s Amodei headed to White House to settle dispute

In February, President Trump called Anthropic “A RADICAL LEFT, WOKE COMPANY,” and said of the company’s Claude AI technology: “We don’t need it, we don’t want it, and will not do business with them again!”

Now, less than two months later, Anthropic CEO Dario Amodei is scheduled to meet with White House Chief of Staff Susie Wiles today, according to a report from Axios.

After being declared a supply chain risk to national security by the Pentagon, and then suing the government to block the action, Anthropic finds itself in a powerful position: it has announced that its new Mythos AI model is capable of planning and executing offensive cyberattacks, and therefore would be shared only with a close group of trusted partners for testing before wider release, leading the US Treasury to try to get its hands on the new model.

The White House meeting is expected to result in some sort of deal that settles the dispute with the company, per the report.

Scoop: Anthropic to have peace talks at White House

Scoop: Anthropic to have peace talks at White House

After being declared a supply chain risk to national security by the Pentagon, and then suing the government to block the action, Anthropic finds itself in a powerful position: it has announced that its new Mythos AI model is capable of planning and executing offensive cyberattacks, and therefore would be shared only with a close group of trusted partners for testing before wider release, leading the US Treasury to try to get its hands on the new model.

The White House meeting is expected to result in some sort of deal that settles the dispute with the company, per the report.

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