20 Jul 2022

SEC should go after ‘big fish’ crypto exchanges, US lawmaker says

The Securities and Exchange Commission should be going after crypto exchanges that offered XRP, the chairman of the House investor protection subcommittee said Tuesday. In an oversight hearing closely watched by supporters of Ripple and the XRP cryptocurrency, California Rep. Brad Sherman questioned SEC Enforcement Director Gurbir Grewal on why the

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21 Jun 2022

Crypto Workers Behind Terra and Luna Are Facing a Flight Ban in South Korea

The ongoing crypto crash has brought a lot of investors back down to earth. In the case of current and former Terraform Labs employees, it’s keeping them literally grounded. Dozens of past and present staff from the company behind two notorious crypto coins, terraUSD and Luna, have been barred from leaving

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07 Jun 2022

Will the United States Enact a National Data Privacy Law?

Mandatory security requirements, information handling restrictions, and security accountability are standards all organizations should be able and willing to implement, and which can be supervised by an oversight body like the FTC. It might not be a complete fix, but it would be a necessary start, and one that is desperately needed given the complexity and dynamic evolution that occurs in the digital space. The fact that China has already implemented a national data privacy law before the United States has raised eyebrows, given China’s reputation as a perpetrator of theft and exploitation of the very data it is now protecting.

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25 Apr 2022

NY State Senator’s Bill Builds Legal Framework to Prosecute Crypto Crimes

Kevin Thomas, a New York state senator, has introduced a new bill amendment that would establish some offenses related to rug pulls and other frauds with virtual tokens as official crimes, a report says. The bill, SB S8839, would call for defining, penalizing and criminalizing frauds targeted at developers and projects

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08 Mar 2022

U.S. Sanctions on Russia: Impact on Shipping Business and Contractual Considerations

The shipping sector is fundamental to international trade in a global economy that is more interconnected than ever. In response to the Russian invasion of Ukraine, the United States, European Union (EU), United Kingdom (U.K.) and many other countries have imposed severe sanctions on Russia and Russian entities. In particular,

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25 Feb 2022

Blockchain Technology Is Changing The Real Estate Industry

On February 10, 2022, the first NFT-based property was bought through an auction on Propy, a blockchain-focused real estate company. The Florida home was sold for $653,163 worth of Ether, and the home’s property rights were minted as an NFT on the blockchain as a digital representation of ownership over

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22 Feb 2022

Can the law keep up with crypto?

A lot of Web3 ideas seem to run directly into the existing legal system in complicated and sometimes very funny ways. The NFT world seems to have an impressionistic understanding of copyright law. DAOs, well, they aren’t actually recognized as legal entities in most states. So in a very technical

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02 Feb 2022

The metaverse: three legal issues we need to address

The “metaverse” seems to be the latest buzzword in tech. In general terms, the metaverse can be viewed as a form of cyberspace. Like the internet, it’s a world – or reality, even – beyond our physical world on Earth. The difference is that the metaverse allows us to immerse a

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16 Dec 2021

5 things lawyers should know about artificial intelligence

Although artificial intelligence has been the subject of academic research since the 1950s and has been used commercially in some industries for decades, it is still in its infancy across much of the broader economy. The rapid adoption of this technology, along with the unique privacy, security and liability issues associated

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19 Nov 2021

Infrastructure Bill’s New Reporting Requirements May Have Sweeping Implications for Cryptocurrency Ecosystem

On November 15, 2021, President Biden signed into law HR 3684, the “Infrastructure Investment and Jobs Act” (the “Act”), commonly referred to as the “infrastructure bill.” The Act allocates funding and other resources focused on roads and bridges, water infrastructure, resilience, internet and cybersecurity, among other areas. The 1039-page Act

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