Here is what you need to know about the successor to ChatGPT, namely the recently released GPT-4. getty What is your usual reaction upon the release of a sequel to a major headline-grabbing blockbuste...
Tag: Law
Keep $20M or face the law
Ethereum-based noncustodial lending protocol Euler finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole wi...
Silvergate and SVB bite the dust: Law Decoded, March 6–13.
Last week, another major quake shook crypto markets. Silvergate Bank — a crypto-fiat gateway network for financial institutions and a significant on-ramp for cryptocurrencies in the United States — sh...
India Brings Crypto Under Money Laundering Law: What Lies Ahead For Meme Coins Like Dogecoin and Big Eyes Coin
After imposing a 30% tax on gains generated from cryptocurrencies last year, the Indian government has now brought virtual digital assets like cryptocurrencies under the Prevention of money laundering...
Federal Trade Commission Aims To Bring Down The Hammer On Those Outsized Unfounded Claims About Generative AI ChatGPT And Other AI, Warns AI Ethics And AI Law
FTC (Federal Trade Commission) renews its vow to go after purveyors of AI that are making false or … [+] misleading claims. getty Bring down the hammer. That’s what the Federal Trade Commission ...
$429,000,000 in Bitcoin and Crypto Liquidated in Just 24 Hours As Powerful Law Enforcement Agency Targets Ethereum
Hundreds of millions of dollars worth of Bitcoin (BTC) and other crypto assets have been liquidated in the last 24 hours as a powerful law enforcement agency sets its sights on Ethereum (ETH). New dat...
Coinbase CEO hails reintroduction of crypto tax reform law
Coinbase CEO Brian Armstrong has lauded U.S. lawmakers’ decision to revive a bill seeking to clarify crypto tax reporting. Bill to streamline crypto asset reporting requirements The Keep Innovation in...
Lawyer may sue Coinbase, Robinhood for securities law violations
Leading securities lawyer Tom Grady is reportedly preparing to file a lawsuit on behalf of retail investors against top U.S. crypto exchanges Coinbase, Robinhood, and others. According to reports, Gra...
Gary Gensler pushes to bring crypto ventures under the law
Gary Gensler, the Chair of the US Securities & Exchange Commission, has published an opinion article explaining the need to bring all crypto ventures under the legal lens. The emphasis is on the i...
Senate Overturns D.C. Crime Bill—Marking The First Time In Decades It’s Overruled D.C. Local Law
Topline The Senate voted overwhelmingly Wednesday to reverse a local Washington, D.C. law focused on criminal justice reforms—an unusual show of force by the federal government over the city’s l...
$1 Billion Worth of Bitcoin Moved from US Law Enforcement Seized Wallets
In March 2023, over 50,000 Bitcoin (BTC) worth $1 billion were moved from multiple wallets connected to US law enforcement seizures. The transfers included three transactions, with the majority being ...
Judge Says SEC Lawyers Prioritize Personal Agenda Over Law
XRP holders’ attorney and founder of CryptoLaw John Deaton has taken a jab at the U.S. Securities and Exchange Commission (SEC) in a recent tweet. Deaton was responding to the news that a U.S. b...
India subjects crypto transactions to anti-money laundering law
While there’s nothing new in imposing anti-money laundering (AML) standards on crypto, it is only now that the Indian government has decided to notify all interested parties of the obligation to compl...
Missouri passes crypto mining protection law
Ad The U.S. state of Missouri passed the “Digital Asset Mining Protection Act” on March 7 to protect the rights of crypto miners. The bill won’t allow state and political subdivisions to halt crypto m...
Utah Passes Law Recognizing Decentralized Autonomous Organizations
The Utah State Legislature has approved a new law, the Utah Decentralized Autonomous Organizations Act, providing legal recognition and limited liability to decentralized autonomous organizations (DAO...
American regulators are pushing hard against crypto: Law Decoded, Feb. 28–March 6
Crypto mining operators, custodians and Binance personally received a fine doze of the United States officials’ attention last week. American lawmakers and regulators continue to compete in thei...
New Law Wants to Exclude Bitcoin From Definition Of Money
The state of South Dakota is looking to pass a bill that will redefine the characteristics of money, preventing cryptocurrencies, including Bitcoin, from becoming legal money. Introduced by Mike Steve...
Can Elon Musk Succeed In Developing Generative AI ChatGPT Knockoff “TruthGPT” That Would Be Stoically Truthful At All Times, Asks AI Ethics And AI Law
Suppose that Elon Musk opts to develop a generative AI ChatGPT knockoff, what does this foretell and … [+] is a presumed “TruthGPT” even possible to build? NurPhoto via Getty Images ...
Crypto Exchange Binance Joins Forces With Law Enforcement to Launch Anti-Scam Campaign
– Advertisement – Binance has launched its Joint Anti-Scam Campaign in collaboration with law enforcement agencies worldwide to fight “an alarming uptrend” in crypto-related scams, the cry...
Binance launches anti-scam campaign in collaboration with law enforcement agencies
Ad Binance is launching a joint anti-scam campaign with law enforcement agencies around the world to combat and prevent financial scams in the crypto world. The exchange said that crypto is vulnerable...
U.S. Abortion Bans Are A ‘Human Rights Crisis’ That Violate International Law, Groups Tell UN
Topline A coalition of human rights groups urged the United Nations to take “urgent” action against abortion bans in the U.S., arguing in a letter Thursday the restrictions on abortion in the wake of ...
Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27
Last week was relatively calm regarding enforcement news but brought some peculiar local developments in regulation. United States Representative Tom Emmer introduced legislation in the U.S. House of ...
Legal Doomsday For Generative AI ChatGPT If Caught Plagiarizing Or Infringing, Warns AI Ethics And AI Law
Is generative AI such as ChatGPT ripping off our websites and human devised content? Be aware, be … [+] upset, be ready. getty Give credit where credit is due. That’s a bit of sage wisdom that y...
Binance.US Could Be in Violation of Securities Law
Binance.plan US’s to buy over one billion dollars’ worth of assets that had belonged to the bankrupt cryptocurrency lending company Voyager Digital has been met with opposition from the Un...
Montana’s ‘right to mine’ crypto bill moves closer to passing as law
A cryptocurrency mining rights bill with laws that would prohibit the discrimination of crypto miners is one step closer to fruition after passing the Montana Senate. The proposed laws would enshrine ...
Is It True That Generative AI ChatGPT Will Flood The Internet With Infinite Content, Asks AI Ethics And AI Law
Will we use generative AI such as ChatGPT to flood the Internet with error-prone falsehoods? getty Do you perchance know the inspirational children’s book A Fish Out of Water? The enchanting book was ...
Law Enforcement Alert to Rising Crypto Money Laundering
Until the advent of cryptocurrencies, “cleaning” illicit funds was a much more complex process. In recent years, crypto money laundering has made it easier. Money laundering involves illegally convert...
SEC’s Howey Test Theory on XRP Validated as a Matter of Law, Says Famous Crypto Attorney
Crypto attorney John Deaton has responded to a Twitter user’s skepticism about the Securities and Exchange Commission’s (SEC) Howey Test theory in the ongoing lawsuit against Ripple Labs. Top Lawyer ...
The fate of dollar-pegged stablecoins in question: Law Decoded, Feb. 13–20
New week, a new element of the crypto ecosystem is under attack. This time, the United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD (BUSD) — a dollar...
The Most Unworkable State Law
The cryptocurrency industry has recently criticised a bill that was recently proposed in the Illinois Senate due to its “unworkable” intentions to compel blockchain miners and validators t...
Judge Says SEC Lawyers Care Only About Victory, Not Allegiance to Law
Yuri Molchan Judge Netburn bashed SEC lawyers for their conduct in court, according to John Deaton Contents Judge Netburn slams SEC lawyers Here’s what makes Hinman’s speech valuable Found...