(Westlaw) A California federal judge has paved the way for a jury trial in Elon Musk’s lawsuit against OpenAI, while a federal appeals court considers whether to allow social media addiction lawsuits against Meta and other platforms. Here’s a roundup (…)
(JD Supra) The SEC staff issued a no-action letter on December 11, 2025 to the Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corporation (DTCC) granting relief under certain provisions of the federal securities laws for (…)
(Syndigate) Blockchain Regulation Senators Lummis and Wyden introduce a standalone bill protecting non-custodial DeFi developers as the Senate prepares to mark up broader crypto market structure legislation this week. U.S. Senator Cynthia Lummis introduced a standalone bill aimed at protecting (…)
(Westlaw) The buyers of cybersecurity company Infosec Learning Inc. provided misleading information about their own business to induce the sellers into accepting equity in it as part of the sale, according to a Delaware Chancery Court lawsuit. Kowatch et al. (…)
(Westlaw) Blue Owl Capital Inc. is facing a proposed class action alleging the asset management firm hid liquidity issues that forced it to halt redemptions by investors in a private subsidiary. Goldman v. Blue Owl Capital Inc. et al., No. (…)
(JD Supra) In Revenue Procedure 2025-31 (Rev Proc), released November 10, 2025, the Internal Revenue Service (IRS) announced a safe harbor (Safe Harbor) that, if satisfied, would permit exchange-traded products (ETPs) to stake their digital assets without threatening their tax (…)
(CryptoSlate) The year is 2075. The judge does not ask for a deed. She asks for a transaction ID. The landlord’s lawyer queues up a Bitcoin transaction from fifteen years earlier that moved a token representing the property. The tenant’s (…)
(Reuters) Within days of Donald Trump announcing his sweeping “Liberation Day” tariffs in April, Rick Woldenberg was looking for a law firm to help him sue the U.S. president. “I’m not willing to allow politicians to destroy what we have (…)
(Westlaw) A federal appeals court has affirmed the Federal Reserve’s discretion to deny a master account to a Wyoming-chartered crypto bank that had argued federal law mandates access to the nation’s central banking system. Custodia Bank Inc. v. Federal Reserve (…)
(Westlaw) A federal judge has green-lighted authors’ copyright claims against OpenAI, and a university says Google Earth violates its patent rights. Here’s a roundup of recent events in the world of Big Tech. Artificial intelligence A class of authors can (…)