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Republicans are increasing their support of artificial intelligence, proposing bills that support more innovation and development and hinder state legislative oversight while intensifying their scrutiny of tech giants and social media platforms over content moderation. While giving AI development a regulatory green light, Republicans are simultaneously turning up the heat on social media platforms over issues of censorship and content moderation, especially concerning conservative viewpoints. The US House of Representatives Energy and Commerce committee, led by GOP lawmakers, introduced a budget and reconciliation bill that would allow the federal government to update its IT infrastructure and permit the Commerce Department to use AI systems. The bill would also effectively bar state and local governments from regulating artificial intelligence systems for the next 10 years. According to the bill’s proponents, this would allow the American AI market to grow and be adequately studied. However, there are concerns that the bill won’t be considered in the upper chamber of the Senate, as it’s part of a budget bill while it proposes a major policy change. While the conversation is ongoing, President Trump ’s visit to the Middle East continues to yield investments as he pushes to position American tech at the forefront of AI innovation. The United Arab Emirates (UAE) and President Trump have agreed to build an AI-focused massive data center complex. The partnership deal also included US companies providing the UAE with advanced chips. Senator Mike Lee, representing Utah, reintroduced the Interstate Obscenity Definition Act (IODA). The bill seeks to redefine obscenity for the digital age by establishing a clearer, nationwide standard for what qualifies as obscene content, making it easier to identify and take down harmful material. In the US, it is illegal to transmit obscene content via telecommunications with the intention to harass or cause abuse. However, this current bill takes away the requirement that there has to be an intention to harass or abuse. This has the potential to widen the range of online transmitted content that can be criminalized while being tagged as obscene. While the bill currently lacks bipartisan support, it has been able to gain attention for its potential to enable the prosecution of online pornography under obscenity laws. Its supporters say it’s meant to protect children from explicit content, while critics warn it could impact free speech. The other bill being pushed by Republicans that could potentially have serious impacts on social media platforms such as Meta , X, TikTok, and others is the Kids Online Safety Act (KOSA). It was first introduced in 2022 and aims to protect children from harmful online content by requiring social media platforms to remove addictive features and offer more parental controls, among other provisions. In 2023, the bill passed the Senate with support across party lines but failed in the House. The latest version has addressed previous concerns by narrowing its scope and limiting the authority of state attorneys general, earning support from previous skeptics. It’s reported to also have the support of tech giants like Apple and figures such as Donald Trump and Elon Musk. Critics, however, argue it could lead to increased censorship, especially of LGBTQ+ content, and cause platforms to over-police speech to avoid legal risk. Analysts say the bill could lead to excessive moderating, altering how platforms use algorithms and engage users, especially teenagers. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Sequoia Capital Managing Partner Roelof Botha was among the high-profile victims whose personal information was compromised in the recent Coinbase hack. According to a person familiar with the matter, the incident reveals that prominent executives were targeted in the hack against the largest U.S. cryptocurrency exchange. As per Bloomberg report , the stolen data reportedly included Botha’s phone number, address, and other sensitive account information associated with his Coinbase profile, said the source, who requested anonymity due to the confidential nature of the situation. The cryptocurrency exchange disclosed Thursday that attackers had successfully bribed customer service representatives based in India to gain unauthorized access to client data. According to reports, the compromised information included names, birth dates, addresses, nationalities, government identification numbers, banking information, and account information. Following the breach, the hackers attempted to extort $20 million from Coinbase in exchange for their silence, a demand that the company rejected. According to Coinbase officials, suspicious activity from certain customer service representatives had been detected as early as January. Botha is a member of the so-called “PayPal Mafia,” the notorious group of entrepreneurs and investors, including Peter Thiel and Elon Musk. He has also been with Sequoia Capital since 2003, where he made early investments in companies like YouTube and Instagram before becoming the firm’s senior steward in 2022. Some Coinbase users received security alerts last weekend warning that their information may have been improperly accessed, according to the person familiar with the situation. The incident has highlighted growing concerns about the security of cryptocurrency executives as the industry gains mainstream visibility and adoption. Despite the Coinbase hack, COIN is up 9% today to $266.4 at press time. This means that investors remain optimistic about the company’s long-term potential despite the data security challenges.

The market is currently exhibiting a failure swing pattern (Lower high → Higher low → Lower high → Higher low), indicating indecision and the presence of liquidity on both sides. Given this structure, it is likely that the market will first target the downside liquidity around 100.7K before reversing to pursue the upside liquidity near 105K. $BTC $ETH $SOL $XRP $ENA $ADA $VIRTUAL $LAUNCHCOIN $SUI $ELON $TRUMP

📊 Market Snapshot: Calm Before the Bark? Price: $0.21486 (-2.87%) – Mild pullback, but still holding key support 24h Range: Not available, but MAs suggest a tight coil Volume: 332.26K DOGE – Over 70% below 5D avg (1.19M) = big move brewing? 🔍 Key Levels: Doge’s Territory Map 🛡️ Support Zones (Dip Buy Radar) $0.21446 – MA(5) level $0.21400 – Minor psychological cushion $0.21000 – Strong historical support – crucial level 🚀 Resistance Zones (Profit-Taking Targets) $0.21681 – Local high $0.21777 – Breakout zone $0.22000 – Next stop if momentum returns 📈 Technicals: Bark or Bite? 🟢 Bullish Hints ✅ Golden Cross Setup – MA(5) and MA(10) converging ✅ Above Key MAs – Staying afloat despite low volume ✅ Quiet Pullback – Could signal hidden accumulation 🔴 Bearish Warnings ⚠️ Lower Highs – Possible descending triangle forming ⚠️ Volume Drain – Needs a spark (current 72% below 10D average) ⚠️ Flat MACD – Momentum missing for now 🎯 Trading Plan: How to Unleash the Doge 🟢 Entry Ideas Aggressive Buy: Around $0.21446, SL at $0.21300 Conservative Entry: Look for bounce confirmation near $0.21200 🎯 Take-Profit Zones 1. $0.21681 – Quick flip 2. $0.22000 – Breakout confirmation 3. $0.23000 – If memes (or Musk) ignite the rally 🛑 Stop-Loss Protection Below $0.21300 (tight risk) Below $0.21000 (safe cushion) 💡 Pro Tips for Doge Traders Watch June 9 – "Doge Day" could spark FOMO Elon Effect – Any tweet = instant volatility Volume Trigger: Over 1M DOGE volume = possible breakout setup BTC Sync – Doge loves to chase Bitcoin 🌕 Final Verdict: Hold the Leash or Let It Run? Short-Term (1–3D): 🟠 Neutral – Needs volume push Mid-Term (1W): 🟢 Bullish if $0.214 holds Long-Term: 🚀 Speculative upside – Meme + community = unpredictable Key Battle Zones: 🚀 Break Above $0.21777 → $0.2200+ Incoming ⚠️ Drop Below $0.214 → Eyes on $0.2100 Support Want more insight? Ask for: Social sentiment analysis On-chain whale flows Order book depth The Doge is quiet... too quiet.

Elon Musk has triggered a meme coin outburst after changing his X profile name to “Kekius Maximus,” triggering a 120% rally in the frog-themed token. Created by Musk’s followers last year in response to his initial profile name change, the Kekius Maximus (KEKIUS) token surged to $0.055 in the past 24 hours, up from an average of $0.025. According to CoinMarketCap, KEKIUS’s trading volume spiked 285% to over $32.6 million during the same period. While not considered among the top meme coins to watch this May, the sudden spike has temporarily pushed KEKIUS into the spotlight. Musk has a track record of influencing digital tokens through his social media posts, which date back to his early support of Dogecoin. When he acquired X (formerly Twitter) in 2021, he briefly replaced the platform’s icon with Dogecoin’s logo, causing a notable price bump. While Dogecoin and Shiba Inu remain Musk’s most widely associated tokens, his uptake of Kekius Maximus marked a new meme trend based on frog culture. The revival of KEKIUS comes as part of a broader wave of activity in meme markets. Shiba Inu has increased by 1.09% to $0.00001477 and the market cap for meme coins in general is up by 1.06% to about $69 billion. Musk’s endorsements have historically sent tokens like Dogecoin (DOGE) soaring, but his recent “Gorklon Rust” stunt shows a noticeable decline in influence. Musk switched his profile name to “Gorklon Rust” on X and changed his profile picture to one with a GORK theme on May 4, which led to a surge in the Solana-based GORK meme coin. But the coin did not break the $100 million market cap barrier. “Pretty wild how not even Elon Musk making his pfp has an effect anymore. GORK soared from a market cap of $45 million to $75 million and since has slid back to approximately $65 million,” one analyst noted . Many community members shared that sentiment, suggesting that Musk’s power to move the markets might be waning. The analyst noted the state of alt liquidity, emphasizing that even with 200 million followers, Musk’s promotion of a meme coin barely pushed it past $50 million in market cap. This trend isn’t isolated. In February 2025, Musk’s brief rebrand to “Harry Bōlz” led to the creation of the HARRYBOLZ token, which only managed to hit a $9.5 million market cap. Similarly, in December 2024, when he changed his X username to “Kekius Maximus,” the KEKIUS token peaked at just over $88 million. Not even after Musk tweeted a “Dogefather” meme that led to a flood of posts to token sale sites and the creation of tens of similar-named tokens, did a single one come close to surpassing the $100 million threshold. This stands in stark contrast to his former sway. In 2020–2021, Musk’s repeated endorsements of DOGE led to huge rallies that swelled to tens of millions and billions in value. At the time, other meme coins rallied on Musk’s endorsements, but today, the returns are much more subdued. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage