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Securities on a Sliding Scale: Inside "Project Crypto's" New Approach to Digital Assets

On November 12, 2025, Securities and Exchange Commission ("SEC") Chairman Paul S. Atkins spoke at the Federal Reserve Bank of Philadelphia regarding the SEC's "Project Crypto" initiative, which aims to create a clear and...more

Raising the Stakes: California Enacts Trio of New Consumer Privacy Obligations

Three new California privacy bills signed into law expand consumer privacy protections and could have broad compliance implications for any company doing business in the state....more

California Bill Will Require Disclosures About Data Used in Training AI Models

On January 1, 2026, California Assembly Bill 2013, the "Generative Artificial Intelligence Training Data Transparency Act" ("AB 2013"), will come into effect, requiring generative artificial intelligence ("GenAI") developers...more

CJEU Clarifies Scope of Personal Data in EDPS v SRB Decision

The Single Resolution Board ("SRB") transferred pseudonymized comments from data subjects to Deloitte without informing them. The European Data Protection Supervisor ("EDPS") found a violation of information duties applicable...more

EU General Court Upholds EU-U.S. Data Privacy Framework

On September 3, 2025, the General Court of the European Union dismissed an action for annulment brought by a French member of Parliament against the European Commission's decision recognizing the adequacy of the level of...more

New White House Report Outlines U.S. Policy for Digital Assets

President Trump's "Working Group on Digital Asset Markets" recently released a report with a strategic roadmap to advance American leadership in digital financial technology....more

SEC Clarifies Liquid Staking Activities Are Not Securities Transactions Under U.S. Law

On August 5, 2025, the Division of Corporation Finance of the U.S. Securities and Exchange Commission ("SEC") issued a statement ("Statement") providing interpretive clarity on the application of federal securities laws to...more

White House Issues Executive Orders on AI Action Plan

The White House recently announced America's AI Action Plan (the "Plan")—sweeping federal AI policy reforms prioritizing innovation and deregulation of the artificial intelligence ("AI") industry....more

U.S. House Passes GENIUS and CLARITY Acts, Signaling Bipartisan Support for Digital Assets

The GENIUS Act's passage marks the first major crypto legislation approved by both chambers of Congress, signaling a significant step toward regulatory clarity for stablecoins, while the CLARITY Act's advancement by the House...more

Banking on Crypto: Regulators Clarify Rules for Digital Asset Safekeeping

Federal banking regulators continue to promote a more "crypto-positive" regulatory environment through recent joint guidance issued to clarify risk management and compliance expectations for banks providing crypto-asset...more

Senate Passes GENIUS Act, Clearing Hurdle for Federal Stablecoin Framework

The vote marks the first time the U.S. Senate has passed significant digital asset legislation and puts the industry one step closer to regulatory clarity for certain stablecoins....more

NIST Updates Its Privacy Framework to Address AI

The National Institute of Standards and Technology ("NIST") recently updated its 2020 Privacy Framework 1.0 to include artificial intelligence ("AI") risk management....more

FTC Finalizes Amendments to the Children's Online Privacy Protection Act Rule

On April 22, 2025, the Federal Trade Commission ("FTC") published the finalized amendments to the Children's Online Privacy Protection Act ("COPPA") Rule (the "Rule"), marking the first major update since 2013....more

Federal Reserve Withdraws Crypto-Related Guidance Including Notification Requirements for Banking Organizations

The Federal Reserve Board ("Board") softened its stance on regulation of crypto activity by banking organizations by rescinding supervisory letters that created hurdles for crypto-asset activities and by joining the Office of...more

FDIC Rescinds Prior Notification Requirement for Banks' Permissible Crypto Activities

The FDIC has rescinded an earlier Financial Institution Letter establishing a prior notification requirement for FDIC-supervised institutions that wish to engage in specified crypto-related activities and has clarified that...more

OCC Eases Some Restrictions on Bank Digital Asset Activities

In recent years, U.S. federal bank regulators significantly limited banks' authority to engage in crypto-asset activities, including participating in public blockchains, owning digital assets as principal, and even providing...more

TSA Releases Proposed Rule to Enhance Pipeline and Railroad Cyber Risk Management

The Transportation Security Administration's ("TSA") proposed rule would require owners and operators of certain pipeline, freight railroad, passenger railroad, rail transit, and over-the-road bus ("OTRB") systems to...more

SEC's and Private Litigants' Continued Focus on "AI Washing"

On September 4, 2024, U.S. Securities and Exchange Commission ("SEC") Chair Gary Gensler reiterated concerns about artificial intelligence-related ("AI") disclosures and the need for companies to communicate accurately about...more

California Enacts AI Transparency Law Requiring Disclosures for AI Content

On September 19, 2024, California adopted the California AI Transparency Act ("SB 942") to create transparency mechanisms that allow consumers to determine whether an "image, video, or audio content, or content that is any...more

Rhode Island Continues State-Level Adoption of Comprehensive Data Privacy Laws

Rhode Island is the latest state to adopt a comprehensive data privacy law, titled the Data Transparency and Privacy Protection Act....more

FTC's Final Health Breach Notification Rule: Expanded Scope, New Obligations, and Modified Reporting Requirements

The Federal Trade Commission ("FTC") intends to "strengthen and modernize" the Health Breach Notification Rule with revamped and increased scrutiny on entities holding health information, including health apps, websites, and...more

Colorado Enacts AI Consumer Protection Legislation

On May 17, 2024, Colorado enacted S.B. 24-205 (the "Act"), which imposes a duty of reasonable care on developers and deployers of high-risk artificial intelligence ("AI") systems to protect consumers from risks of algorithmic...more

Here We Go Again: U.S. Congress Reintroduces New Comprehensive Federal Privacy Law

With the bipartisan, bicameral proposed American Privacy Rights Act of 2024, the U.S. Congress seeks to adopt the first national personal data privacy and security law that would preempt comprehensive state privacy laws....more

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