Less than 1: AM Edition, August 18

This morning on Less than 1: opening arguments get underway in the states' youth social media addiction suit against Meta, a magistrate judge hears discovery disputes in a closely watched immigration enforcement case, and a judge vacates an arbitration award over an arbitrator's undisclosed law firm event appearance. Also: ABC sues the FCC over an alleged retaliatory campaign, and Trump's financial regulators move to set crypto policy as legislation stalls in Congress.

Stories mentioned in this episode:

(The Verge) ABC sues the FCC over Trump and Carr's campaign of threats
https://www.theverge.com/streaming/981392/abc-fcc-broadcast-license-lawsuit

(Reuters) Trump agencies to set crypto policy as bill stalls, limiting industry's gains
https://www.reuters.com/legal/government/trump-agencies-set-crypto-policy-bill-stalls-limiting-industrys-gains-2026-08-18/