Senator claps back after Ajit Pai calls California’s net neutrality bill ‘radical’ and ‘illegal’ – TechCrunch

FCC Chairman Ajit Pai has provoked a biting senatorial response from California after calling the “nanny state’s” new net neutrality legislation “radical,” “anti-consumer,” “illegal,” and “burdensome.” Senator Scott Wiener (D-CA), in response, said Pai has “abdicated his responsibility to ensure an open internet” and that the FCC lacks the authority to intervene. The political flamewar…

Europe’s central bank wants nothing to do with cryptocurrency (for now)

Europe’s central bank (ECB) won’t be touching cryptocurrency any time soon. Its president Mario Draghi shot down hopes of an EU-sanctioned digital currency, criticising blockchain tech for being too young and fragile to be useful. “The ECB and the Eurosystem currently have no plans to issue a central bank digital currency,” Draghi disclosed to the European Parliament.…