FUGEES RAPPER WANTS OBAMA, TRUMP TO TESTIFY: "The Fugees' Pras Michel is seeking to force two former presidents — Donald Trump and Barack Obama — to testify at his looming trial on campaign-finance, foreign-agent and witness tampering charges," our Josh Gerstein reports. — "'We're planning on calling former President Trump and former President Obama,' defense lawyer David Kenner said during a hearing held by videoconference at U.S. District Court in Washington. 'These subpoenas are going out for service today.'" — "Kenner did not elaborate on what testimony Trump or Obama could offer about the effort, but said the value of their accounts should be evident to prosecutors. 'I believe it's all relevant,' Kenner said." — A Justice Department lawyer said that while the government doesn't intend to call any former presidents to testify at the trial expected to begin in March, it "does plan to call two high level officials from the Trump White House: former National Security Adviser H.R. McMaster and one of his deputies, Ricky Waddell," neither of whom are expected to resist testifying. FIRST IN PI — TECHNET NAMES NEW LEADERSHIP: TechNet, a coalition of tech CEOs and senior executives, has named two new heads of the group's executive council. Ed Knight, the executive vice chairman of Nasdaq will chair the council while Aparna Bawa, the COO at Zoom, will become vice chair. — The personnel moves come amid major growth for the trade group in recent years, as indicated by the expanded role for Zoom's Bawa, whose now-ubiquitous platform many may not have even heard of prior to the onset of the Covid pandemic and joined TechNet in 2020. — TechNet has added more than four dozen new members since 2020, and dramatically boosted its advocacy footprint. The organization spent more than $1.8 million on federal lobbying last year, compared with just $270,000 in 2020. Last year's lobbying expenditures were the group's highest since 2005, when TechNet dropped $1.9 million. — Those investments appear to have paid off. Several bills supported by TechNet — including the CHIPS and Science Act, the bipartisan infrastructure package and Democratic reconciliation bill, same-sex marriage protections and the INFORM Consumers Act — all made it to President Joe Biden's desk. Other bills aimed at clamping down on major tech companies' market dominance failed, while lawmakers made strides on federal data privacy legislation backed by TechNet even if it didn't ultimately pass. — TechNet also expanded its state advocacy network, and the group says it engaged on more than 600 bills in 44 states last year, with a success rate of 92 percent. Still, Silicon Valley has found itself at the forefront of economic headwinds as tech giants like Amazon, Meta, Lyft, Snap Inc. and Salesforce — all TechNet members — have laid off or announced plans to lay off tens of thousands of workers collectively. CRYPTO NEARS ITS WATERSHED MOMENT: "Following the collapse of FTX, the one-time darling of the since-battered $1 trillion market, the SEC has found new footing to rein in crypto," POLITICO's Declan Harty reports, following the agency's decision last week to charge a pair of digital asset giants with selling unregistered products to individual investors. — "Calls for stricter enforcement are growing louder across Washington and Wall Street. Congress just gave the agency a bigger budget. And a late 2022 court victory has reaffirmed the SEC's view that crypto tokens can be securities — and subject to strict regulation — even without being sold to the public through initial coin offerings." — "The SEC's campaign for compliance could cement the regulator's authority over crypto — ushering in a new age of policing in a market that [SEC Chair Gary] Gensler has called the 'Wild West.' It would also assuage concerns from progressive advocates and lawmakers who want the agency to move faster and more aggressively to protect consumers and investors. But crypto companies are poised to resist SEC supervision, setting up one of the most consequential battles of the Gensler era." — Over on the Hill, meanwhile, POLITICO's Ally Mutnick and Nicholas Wu report that after "crypto-funded super PACs flooded the midterms with millions of dollars in campaign spending … some of their preferred candidates could play a crucial role in setting policy that will determine the future of the industry" — a prospect that's causing hand-wringing among Democrats. PUSHING THE ENVELOPE: Industry leaders are banding together to launch the Institute for the Building Envelope, a new trade group aimed at shaping public policy related to building envelopes, or the insulation in commercial and residential buildings designed to keep weather out and heat in. — Douglas Brady of Huntsman Building Solutions and Ian Hughes of Meritage Homes will lead IBE, which will advocate for "innovative, multifunctional building materials that can increase energy efficiency" as well as better withstand natural disasters. That will include efforts to amend building codes in the states, promoting insulations like spray foam. The group also aims to serve as a resource for consumers, builders, designers and policymakers on improving the building envelope. GATES FOUNDATION DEBATES ITS OWN POWER: "Does The Bill & Melinda Gates Foundation have too much power and influence? It's a question the foundation's CEO Mark Suzman raised in its annual letter released Tuesday that outlines the organization's priorities and announces its budget for the coming year," The Associated Press' Thalia Beaty reports. — "With $8.3 billion to give away in 2023, the Gates Foundation is the largest private philanthropic donor. And with an endowment of more than $70 billion, its spending power is likely to continue for many decades. When asked in an interview with The Associated Press what he thought the answer to that question was, Suzman said, 'No.'" — "Others disagree, including researchers who have followed the foundation's funding for education in the U.S., its weight in international global health organizations and its approach toward the agriculture of small-holder farmers around the world. The foundation works on a wide range of issues and employs 1,700 staff members, who are experts in those areas, and espouses a dream-big ethos of setting ambitious goals." WHOOPS: "The Atlantic Council's chief executive officer, Fred Kempe, this month lavished praise on the 'resource-rich, renewables-generating' United Arab Emirates in a Jan. 14 op-ed for CNBC praising the oil-rich Gulf nation's 'utopian' plan to fight climate change," The Washington Free Beacon's Chuck Ross writes. "What he failed to mention were the Middle Eastern monarchy's sizable donations—which have in some years topped $1 million—to the Atlantic Council." — "In the piece, Kempe celebrated the United Nations' decision to hold its annual climate change summit in Abu Dhabi and praised the UAE's selection of Sultan Ahmed Al-Jaber, an Emirati government minister and the head of the state-owned Abu Dhabi National Oil Company, to oversee the global summit." — "After the Washington Free Beacon contacted the Atlantic Council for comment, CNBC attached a lengthy editor's note to the article noting that 'the obvious conflict of interest' was 'not disclosed' and that the Abu Dhabi National Oil Company is a major sponsor of the Atlantic Council's annual energy conference." — "The UAE embassy in 2021 gave more than $1 million to the Atlantic Council, while the UAE's Ministry of Foreign Affairs and International Cooperation gave between $100,000 and $250,000, according to donor records." A spokesperson for the think tank called the omission an oversight, telling the Free Beacon it "regret[s] that proper disclosures were not made."
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