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Dozens of civil society groups urged lawmakers in a letter Monday against passing a bill that aims to protect children from online harm, warning the bill itself could actually pose further danger to kids and teens.

The American Civil Liberties Union, Electronic Frontier Foundation, Fight for the Future, GLAAD and Wikimedia Foundation were among the more than 90 groups that wrote to Senate Majority Leader Chuck Schumer, D-N.Y., Senate Commerce Committee Chair Maria Cantwell, D-Wash., and Ranking Member Roger Wicker, R-Miss., opposing the Kids Online Safety Act.

The bipartisan bill, led by Sens. Richard Blumenthal, D-Conn., and Marsha Blackburn, R-Tenn., would establish responsibilities for sites that are likely to be accessed by kids to act in the best interest of users who are 16 or younger. That means the platforms would be responsible for mitigating the risk of physical or emotional harm to young users, including through the promotion of self-harm or suicide, encouragement of addictive behavior, enabling of online bullying or predatory marketing.

The bill would require sites to default to more private settings for users 16 and younger and limit the contacts that could connect with them. It would also require tools for parents to track the time their kids are spending on certain sites and give them access to some information about the kids’ use of the platform so that parents can address potential harm. Sites would have to let their young users know when parental tools are in effect.

The civil society groups that signed Monday’s letter, which includes several groups that advocate for the rights of the LGBTQ community, warned that the tools the bill creates to protect children could actually backfire.

“KOSA would require online services to ‘prevent’ a set of harms to minors, which is effectively an instruction to employ broad content filtering to limit minors’ access to certain online content,” the groups wrote, adding that content filters used by schools in response to earlier legislation have limited resources for sex education and for LGBTQ youth.

“Online services would face substantial pressure to over-moderate, including from state Attorneys General seeking to make political points about what kind of information is appropriate for young people,” they added. “At a time when books with LGBTQ+ themes are being banned from school libraries and people providing healthcare to trans children are being falsely accused of ‘grooming,’ KOSA would cut off another vital avenue of access to information for vulnerable youth.”

The bill has gained momentum at a time when debates over parental control of what’s taught in school, specifically as it relates to gender identity and sexual orientation, have come to the forefront due to controversial state measures such as Florida’s Parental Rights in Education Act, also referred to by opponents as the “Don’t Say Gay” law.

The KOSA opponents warned that prescriptive parental controls could be harmful to kids in abusive situations.

“KOSA risks subjecting teens who are experiencing domestic violence and parental abuse to additional forms of digital surveillance and control that could prevent these vulnerable youth from reaching out for help or support,” the groups wrote. “And by creating strong incentives to filter and enable parental control over the content minors can access, KOSA could also jeopardize young people’s access to end-to-end encrypted technologies, which they depend on to access resources related to mental health and to keep their data safe from bad actors.”

The groups also fear that the bill would incentivize sites to collect even more information about children to verify their ages and place further restrictions on minors’ accounts.

“Age verification may require users to provide platforms with personally identifiable information such as date of birth and government-issued identification documents, which can threaten users’ privacy, including through the risk of data breaches, and chill their willingness to access sensitive information online because they cannot do so anonymously,” they wrote. “Rather than age-gating privacy settings and safety tools to apply only to minors, Congress should focus on ensuring that all users, regardless of age, benefit from strong privacy protections by passing comprehensive privacy legislation.”

The groups called the goals of the legislation “laudable,” but said KOSA would ultimately fall flat in its aims to protect children.

“We urge members of Congress not to move KOSA forward this session, either as a standalone bill or attached to other urgent legislation, and encourage members to work toward solutions that protect young people’s rights to privacy and access to information and their ability to seek safe and trusted spaces to communicate online,” they wrote.

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Joby lawsuit accuses air taxi rival Archer of using stolen information to ‘one-up’ deal

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Joby lawsuit accuses air taxi rival Archer of using stolen information to 'one-up' deal

An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023.

Roselle Chen | Reuters

Air taxi maker Joby Aviation in a new lawsuit accused competitor Archer Aviation of using stolen information by a former employee to “one-up” a partnership deal with a real estate developer.

“This is corporate espionage, planned and premeditated,” Joby said in the lawsuit filed Wednesday in a California Superior Court in Santa Cruz, where the company is based.

Archer and Joby did not immediately respond to CNBC’s request for comment.

The lawsuit alleges that former U.S. state and local policy lead, George Kivork, downloaded dozens of files and sent some content to his personal email two days before he resigned in July to take a job at Archer, which had recruited him.

By August, Joby said a partner that worked with Kivork said it had been approached by Archer with a “more lucrative deal.” Joby alleges that the eVTOL rival’s understanding of “highly confidential” details helped it leverage negotiations.

Joby also said the developer attempted to terminate the agreement, citing a breach of confidentiality.

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Kivork refused to return the files when Joby approached him after conducting an investigation, according to the suit. The company also said Archer denied wrongdoing, and would not disclose how it learned about the terms of the agreement or provide results from an internal investigation it allegedly undertook.

The lawsuit comes during a busy period for electric vertical takeoff and landing (eVTOL) technology as companies race to gain Federal Aviation Administration certification to start flying commercially. ‘

The sector has also benefitted from President Donald Trump‘s newly minted eVTOL pilot program.

Joby argued in the complaint that it’s “imperative” to protect Joby’s work “from this type of espionage” to promote the sector’s success and ensure fair competition.

Last week, Joby said it completed its first test flight for a hybrid aircraft it’s working on with defense contractor L3Harris. This month, Amazon-backed Beta Technologies, another electric flight company, also went public on the New York Stock Exchange.

Joby shares have more than doubled over the last year, while Archer is up about 68%.

In August 2023, Archer settled a previous legal dispute with Boeing-owned Wisk Aero over the alleged theft of trade secrets. As part of the deal, Archer agreed to use Wisk as its autonomous tech partner.

A hearing is scheduled for March 20, 2026.

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Jobs data muddies the picture for a December rate cut, while the Nvidia rally fizzles

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Jobs data muddies the picture for a December rate cut, while the Nvidia rally fizzles

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Bitcoin falls to lowest level since April

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Bitcoin falls to lowest level since April

Andriy Onufriyenko | Moment | Getty Images

Bitcoin dropped on Thursday to levels not seen in more than six months, as investors appeared to pull back exposure to riskier assets and weighed the prospects of another Federal Reserve rate cut next month.

The flagship digital currency fell to as low as $86,325.81, its lowest level since April 21. It last traded at $86,690.11.

The release of stronger-than-expected U.S. jobs data raised questions about whether the central bank would lower its benchmark overnight rate. The U.S. economy added 119,000 in September, well above the 50,000 economists polled by Dow Jones expected.

That report sent the probability of a December rate cut to around 40%, according to the CME Group’s FedWatch tool.

Bitcoin’s pullback formed part of a broader cryptocurrency market decline. XRP was last down 2.3% on the day, and is below $2.00, while ether shed more than 3% to trade well below $3,000. Dogecoin was unchanged.

The world’s oldest crypto also led stocks lower, even after a blockbuster Nvidia earnings report. Traders who are heavily invested in AI-related stocks tend to also hold bitcoin, linking the two trades.

Bitcoin’s price has largely slid since a rash of cascading liquidations of highly leveraged crypto positions in early October.

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