In 2020, the Securities ExchangeCommission (the “SEC”) filed a complaint against Ripple Labs, Inc. (“Ripple”)alleging that XRP, the native token of Ripple’s XRP Ledger, is a security, andthat Ripple’s sales of XRP constituted…
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/ Finance & Banking, Business Torts, Science, Computers, & Technology, Securities Law
On March 23, 2024, the Securities and Exchange Commission (the “SEC”) formally announced its approval of eight “Ether-Based Exchange Traded Products” (the “ETPs”). This announcement comes a little over four months after the SEC…
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/ Finance & Banking, Science, Computers, & Technology, Securities Law
A study recently published by Stanford University shows that ibogaine, when paired with magnesium, can improve symptoms associated with traumatic brain injuries, such as depression, anxiety, memory loss, and post-traumatic…
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/ Health, Science, Computers, & Technology
The Corporate Transparency Act (the “CTA”) marks a significant shift in the U.S. corporate regulatory landscape. Aimed at curbing illicit financial activities, the CTA requires many companies to disclose certain information…
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/ Business Organizations, Securities Law
Marijuana is currently classified as a Schedule I drug under the Controlled Substances Act (“CSA”), defined as a substance having “no currently accepted medical use” and “a high potential for abuse.” Other Schedule I substances…
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/ Administrative Law, Agriculture, Health
The Corporate Transparency Act (the “CTA”) was passed as part of the National Defense Authorization Act, adopted by Congress January 1, 2021. The CTA became effective on January 1, 2024, and will have an immense impact on…
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/ Business Organizations, Finance & Banking, Securities Law
On January 1, 2024 a new tax reporting requirement for crypto users went into effect. The new law was a provision in the Infrastructure Investment and Jobs act passed in November of 2021…
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/ Science, Computers, & Technology, Taxation
The Corporate Transparency Act (the “CTA”) marks a significant shift in the U.S. corporate regulatory landscape. Aimed at curbing illicit financial activities, the CTA requires many companies to disclose certain information…
more
/ Business Organizations, Finance & Banking, Securities Law
The Corporate Transparency Act mandates certain reporting requirements for beneficial ownership information for certain companies, with the goal of preventing the illicit use of anonymous shell companies for financial crimes…
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/ Business Organizations, Finance & Banking, Securities Law
In December of 2023, Dr. Sunil Aggarwal of Advanced Integrative Medical Science Institute, filed a petition with the Ninth Circuit Court requesting a new order requiring the Drug Enforcement Administration (“DEA”) to refer his…
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/ Administrative Law, Health
The Corporate Transparency Act (the “CTA” or “Act”), enacted as part of the National Defense Authorization Act for Fiscal Year 2021, marks a significant shift in the regulatory framework for businesses in the United States…
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/ Business Organizations, Finance & Banking, Securities Law
On September 27, The SAFER Banking Act passed the Senate Banking Committee with a bipartisan vote of 14-9. The successful vote marks the first time a version of the cannabis banking legislation has passed a Senate Committee…
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/ Administrative Law, Finance & Banking
Despite large amounts of support from legislators and California citizens, on October 7 Governor Gavin Newsom vetoed a piece of legislation that would decriminalize the possession, preparation, obtaining, and transportation of…
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/ Health
The CIA is set to introduce an AI chatbot, trained on publicly available data, to enhance intelligence operations. This tool will enable agents to access, verify, and summarize vast amounts of information efficiently. However,…
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/ Privacy, Science, Computers, & Technology
Artificial Intelligence (AI) is not just a technological innovation; it’s a transformative force that has permeated multiple sectors, from healthcare to finance. As AI startups and companies creating AI tools (“AI Developers”)…
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/ Business Organizations, Intellectual Property, Science, Computers, & Technology