On September 16, 2022, the U.S. Department of the Treasury and Department of Justice released four much-anticipated reports on different aspects of cryptoasset regulation. They confirm the Biden administration’s broad but...more
9/29/2022
/ Biden Administration ,
Blockchain ,
Criminal Investigations ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Financial Regulatory Agencies ,
Non-Fungible Tokens (NFTs) ,
Popular ,
U.S. Treasury
On September 8, 2022, the Office of Science and Technology Policy (OSTP) issued its report on the impact of distributed ledger technology on climate change and U.S. environmental policy, as directed under President Biden’s...more
In this month’s Privacy & Cybersecurity Update, we review the FTC’s proposed data privacy and cybersecurity rulemaking and the European Data Protection Board’s draft guidelines on the calculation of GDPR administrative fines....more
9/7/2022
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Gramm-Leach-Blilely Act ,
Popular ,
Public Comment ,
Rulemaking Process
A flurry of legal and enforcement activity has arisen over the last two weeks across a wide range of areas in the Web3 space, including actions by the Securities and Exchange Commission, the Office of Foreign Assets Control,...more
8/25/2022
/ Bitcoin ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
FDIC ,
Federal Trade Commission (FTC) ,
Financial Markets ,
FinTech ,
OCC ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Smart Contracts ,
Virtual Currency
On July 21, 2022, the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) each brought insider trading charges against a former Coinbase product manager, his brother and a close friend for using...more
7/27/2022
/ CFTC ,
Coinbase ,
Confidential Information ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Insider Trading ,
Material Nonpublic Information ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Securities and Exchange Commission (SEC)
The recent indictment of an employee of OpenSea, a prominent NFT marketplace, highlights the risk of trading digital assets based on the improper use of confidential information, even where the digital asset is not a...more
In this month’s Privacy & Cybersecurity Update, we review Connecticut’s passage of a comprehensive privacy law (making it the fifth state to do so), the newly enacted federal Better Cybercrime Metrics Act, New York’s new law...more
6/3/2022
/ COPPA ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Processors ,
Data Protection ,
Data Security ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Information Commissioner's Office (ICO) ,
Personal Data ,
Popular ,
State Privacy Laws
In this month’s Privacy & Cybersecurity Update, we examine the FTC chair’s comments suggesting a potential shift in its approach to data privacy regulation, the European Data Protection Board’s request for comment on its...more
5/4/2022
/ Cybersecurity ,
Data Breach ,
Data Collection ,
Data Privacy ,
Data Protection ,
Data Security ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
Medical Devices ,
Personal Data ,
Personally Identifiable Information ,
Popular
The Web3 community has long expressed frustration at the lack of clarity emanating from the SEC regarding the treatment of cryptocurrencies and other digital assets under current securities laws, with many characterizing the...more
In December 2020, the Securities and Exchange Commission (SEC) filed an action against Ripple Labs, Inc. and two of its executives, alleging they raised over $1.3 billion through an unregistered ongoing securities offering of...more
In this month’s Privacy & Cybersecurity Update, we examine the Illinois Supreme Court’s decision in a case involving workers compensation and the state’s Biometric Information Privacy Act, U.K. data transfer regimes before...more
3/2/2022
/ Biometric Information ,
Biometric Information Privacy Act ,
COPPA ,
Cybersecurity ,
Data Collection ,
Data Privacy ,
Data Protection Authority ,
EU ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
IL Supreme Court ,
International Data Transfers ,
Internet of Things ,
NIST ,
Personal Data ,
Popular ,
Standard Contractual Clauses
In this month’s Privacy & Cybersecurity Update, we review the TSA’s new cybersecurity requirements for critical U.S. infrastructure, the White House OMB’s new guidance on cyber incident reporting procedures and the U.S.-U.K....more
This issue discusses a variety of legal, regulatory and enforcement developments in the digital asset space in the U.S. and Europe, including expanded reporting requirements for broadly defined cryptocurrency “brokers,” a...more
8/27/2021
/ Anti-Money Laundering ,
Bank Secrecy Act ,
BitMEX ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Enforcement Actions ,
FinCEN ,
Popular ,
Reporting Requirements ,
Smart Contracts
In this month’s edition of our Privacy & Cybersecurity Update, we examine cybersecurity guidance issued by New York state, and the Cybersecurity and Infrastructure Security Agency’s new “Bad Practices” website outlining what...more
8/3/2021
/ Best Practices ,
California Consumer Privacy Act (CCPA) ,
COPPA ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
European Data Protection Board (EDPB) ,
Federal Trade Commission (FTC) ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
NYDFS ,
Popular ,
Ransomware
In this month’s edition of our Privacy & Cybersecurity Update, we examine the European Commission’s new Standard Contractual Clauses and the European Data Protection Board’s new recommendations on international data flows. We...more
7/9/2021
/ Computer Fraud and Abuse Act (CFAA) ,
Cybersecurity ,
Data Protection ,
European Commission ,
European Data Protection Board (EDPB) ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Popular ,
Ransomware ,
Schrems I & Schrems II ,
State Privacy Laws
In this month's edition of our Privacy & Cybersecurity Update, we examine the New York Department of Financial Services' issuance of the first-ever cyber insurance risk guidance framework, the Eleventh Circuit's ruling...more
In this month's edition, we examine the European Commission's Digital Services Act and its potential regulatory impact, the National Institute of Standards and Technology's draft guidance on internet-of-things devices'...more
2/4/2021
/ Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Retention ,
Data Security ,
Digital Services ,
Draft Guidance ,
European Commission ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Internet of Things ,
NIST ,
Popular ,
Privacy Policy
On November 10, 2020, the European Data Protection Board (EDPB) adopted its long-awaited recommendations on (1) measures that supplement transfer tools to ensure transfers of personal data outside the European Economic Area...more
12/3/2020
/ Cybersecurity ,
Data Protection ,
EU-US Privacy Shield ,
European Data Protection Board (EDPB) ,
European Economic Area (EEA) ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Personal Data ,
Popular ,
Schrems I & Schrems II ,
Standard Contractual Clauses
In this month’s edition of our Privacy & Cybersecurity Update, we examine the passage of the ballot initiative that enacts the California Privacy Rights Act, the U.K. Information Commissioner’s Office’s final guidance on data...more
12/2/2020
/ Biometric Information Privacy Act ,
California Consumer Privacy Act (CCPA) ,
California Privacy Rights Act (CPRA) ,
Consumer Privacy Rights ,
Corporate Counsel ,
Cybersecurity ,
Data Collection ,
Data Privacy ,
Data Protection ,
European Economic Area (EEA) ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Personal Data ,
Popular ,
Schrems I & Schrems II ,
Standard Contractual Clauses
In this month's edition of our Privacy & Cybersecurity Update, we examine the U.S. Treasury's advisories regarding the role of financial intermediaries in ransomware payments, a ruling by the Israeli data protection authority...more
11/3/2020
/ British Airways ,
California Consumer Privacy Act (CCPA) ,
Court of Justice of the European Union (CJEU) ,
Cyber Attacks ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Data Protection ,
EU ,
EU-US Privacy Shield ,
Financial Institutions ,
FinCEN ,
International Data Transfers ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Ransomware ,
State Attorneys General ,
Surveillance
In this month's edition, we examine the Swiss data protection authority's comments on the validity of its data-sharing framework with the U.S., as well as the European Data Protection Board's guidance on joint controllers and...more
10/10/2020
/ Biometric Information Privacy Act ,
Class Action ,
Constitutional Challenges ,
Cybersecurity ,
Data Collection ,
Data Protection ,
Data Protection Authority ,
European Data Protection Board (EDPB) ,
International Data Transfers ,
Joint Control ,
Metadata ,
National Security Agency (NSA) ,
New Guidance ,
Outer Space ,
Personally Identifiable Information ,
Popular ,
Presidential Memorandum ,
Privacy Laws ,
Social Media ,
Swiss Privacy Shield ,
Trump Administration
In this month's edition of our Privacy & Cybersecurity Update, we examine the National Institute of Standards and Technology's four principles of the "explainability" of artificial intelligence and the U.K. Information...more
9/1/2020
/ Anti-Drone Technology ,
Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
California Privacy Rights Act (CPRA) ,
Compliance ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Protection Impact Assessments (DPIAs) ,
Department of Homeland Security (DHS) ,
Department of Justice (DOJ) ,
Drones ,
EU-US Privacy Shield ,
FCC ,
Federal Aviation Administration (FAA) ,
Federal Trade Commission (FTC) ,
Final Rules ,
International Data Transfers ,
NIST ,
Office of Administrative Law ,
Personal Information ,
Popular ,
Privacy Laws ,
Risk Mitigation ,
UK ,
UK ICO
In this month's edition, we examine the Court of Justice of the European Union's decision invalidating the EU-U.S. Privacy Shield framework, as well as the U.S. government's response to the decision. We also examine two...more
8/6/2020
/ Automotive Industry ,
Binding Corporate Rules ,
Broadband Privacy Rules ,
Connected Cars ,
Corporate Counsel ,
Court of Justice of the European Union (CJEU) ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Economic Loss Doctrine ,
Enforcement Actions ,
EU ,
EU-US Privacy Shield ,
European Data Protection Board (EDPB) ,
Federal Trade Commission (FTC) ,
First Amendment ,
Free Speech ,
General Data Protection Regulation (GDPR) ,
Hackers ,
Insurance Industry ,
International Data Transfers ,
Internet Service Providers (ISPs) ,
Misrepresentation ,
Negligence ,
NYDFS ,
Online Platforms ,
P2B ,
Personal Data ,
Personally Identifiable Information ,
Popular ,
Privacy Laws ,
Schrems I & Schrems II ,
Security Breach ,
Standard Contractual Clauses ,
U.S. Commerce Department ,
UK ,
UK Data Protection Act ,
United Nations
In this issue, we discuss the new initiatives under New York's BitLicense regime that clarify and streamline the regulatory landscape for virtual currency entities doing business within the state. We also examine the...more
8/4/2020
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Bitcoin ,
BitLicense ,
Blockchain ,
Constitutional Challenges ,
Cryptocurrency ,
Digital Assets ,
Digital Ledger Technology ,
Distributed Ledger Technology (DLT) ,
Federal Savings Associations ,
Fourth Amendment ,
Governor Beshear ,
Listing Rules ,
National Bank Act ,
NYDFS ,
OCC ,
Popular ,
Reasonable Expectation of Privacy ,
Right to Privacy ,
Search & Seizure ,
Smart Contracts ,
State and Local Government ,
Virtual Currency ,
Working Groups
In this month's edition of our Privacy & Cybersecurity Update, we examine the California attorney general's final regulations for the California Consumer Privacy Act and a ruling by the Indiana Court of Appeals involving...more
7/6/2020
/ California Consumer Privacy Act (CCPA) ,
California Privacy Rights Act (CPRA) ,
Constitutional Challenges ,
Consumer Fraud ,
Cyber Insurance ,
Cybersecurity ,
Data Privacy ,
EU ,
Popular ,
Privacy Laws ,
Ransomware