Sources: US senators raise concerns as hundreds of China-made DJI recreational drones have violated restricted airspace over Washington, DC in recent months (Politico)

Jim Brunner / The Seattle Times:
A Washington court rules Meta repeatedly violated the state’s campaign finance transparency law for political ads and must pay penalties yet to be determined  —  Meta, Facebook’s parent company, repeatedly and intentionally violated Washington campaign-ad transparency law and must pay penalties yet …

Camomile Shumba / CoinDesk:
US Senators Elizabeth Warren, Richard Durbin, and Tina Smith ask Fidelity to reconsider its upcoming Bitcoin 401(k) offerings announced in April 2022  —  The asset management giant said in April it would offer retail investors the option to put bitcoin in their 401(k) accounts at some point this year.

Jamie Crawley / CoinDesk:
Senators Elizabeth Warren (D) and Roger Marshall (R) introduce the Digital Asset Anti-Money Laundering Act, including KYC requirements for wallets and miners  —  The proposal will bring know-your-customer rules to crypto participants such as wallet providers and miners.

Jane Zhang / Bloomberg:
A profile of China-born, US-educated academic Li Zexiang, an angel investor in 60+ Chinese tech startups collectively worth almost $12B, including DJI  —  Li Zexiang grew up in rural China during the Cultural Revolution, when capitalists were the enemy.  Now the 61-year-old academic …

Politico:
A look at Huawei’s future in Europe, as sources say the company is scaling back in the UK, France, and Belgium to focus on China, following US sanctions  —  The Chinese tech giant is scaling back in Brussels, Paris and London and pivoting to its domestic market.  —  Laurens Cerulus and Sarah Wheaton

Politico:
German, French, and Norwegian data authorities warn against Qatar’s World Cup app Hayya and infection-tracking app Ehteraz, citing privacy and security concerns  —  Two World Cup apps pose serious privacy and security risks, European privacy regulators say.