WSJ Tech News Briefing TNB Tech Minute: Reddit Sues Australia Over Social-Media Ban for Children Under 16
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Dec 12, 2025 Reddit challenges Australia's ban on social media for kids under 16, sparking debates on free speech and access to political content. The Australian government and Meta weigh in, raising concerns for both children and parental rights. Meanwhile, the Trump administration gives a nod to cryptocurrency banks, unlocking potential for digital asset custody and stablecoin services. However, bond markets are wary, signaling risks related to a possible AI bubble as tech companies ramp up borrowing for infrastructure.
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Platform Pushback Over Teen Account Ban
- Reddit sued Australia to block a new law banning under-16s from social-media accounts, arguing it curtails teens' political discourse.
- Meta warned the law could push teens to less regulated platforms, increasing risks rather than reducing them.
Free Speech Concerns For Teens
- Reddit says the ban infringes on teenagers' freedom of political discourse and notes content is often viewable without an account.
- The company is seeking to have the law invalidated in Australia's highest court.
Conditional Approval For Crypto Trust Banks
- The Trump administration gave conditional approval to plans for five crypto-focused national trust banks to expand industry access to traditional finance.
- Approvals let firms offer digital-asset safekeeping and issue stablecoins, though trust banks have limits on deposits and loans.