SUMMARY Prediction market apps like Kalshi claim federal CFTC regulation as derivatives exchanges exempts them from state gambling laws, allowing nationwide operation even where betting is banned. Seven states issued cease-and-desist orders, arguing these platforms are essentially unlicensed sportsbooks evading state authority and taxes. Courts have split on preliminary injunctions. This federalism clash pits innovation … Read more
SUMMARY If the Supreme Court rules against Trump’s tariff authority under IEEPA, he retains multiple alternatives. These include Section 232 for national security tariffs, Section 301 for unfair trade practices, other statutory provisions and non-tariff barriers. However, these options require more process, justification and targeted application than IEEPA’s sweeping powers. While the President wouldn’t be … Read more
SUMMARY California’s Transparency in Frontier AI Act, enacted September 2025, regulates advanced AI systems requiring over 10^26 computational operations. Companies must publish annual safety frameworks addressing catastrophic risks, disclose model information before release and submit quarterly assessments to regulators. The law includes whistleblower protections and $1 million penalties per violation. It targets major developers like … Read more
SUMMARY The Trump administration has begun demolishing the White House East Wing for a privately funded ballroom without required federal reviews, violating property and historic preservation laws. Congressional and agency enforcement mechanisms are ineffective because the president controls the agencies that would normally stop illegal work. Litigation offers the only realistic enforcement option, but faces … Read more
SUMMARY Former Congressman George Santos served just 84 days of his seven-year federal prison sentence for wire fraud and identity theft before President Trump commuted it in October 2025. Santos, who lied about virtually everything to get elected and stole from donors and family members, walked free based on political loyalty rather than justice, highlighting … Read more
SUMMARY Jawboning refers to government actors using informal threats or regulatory pressure to influence private speech, raising significant First Amendment concerns. The temporary, but very real, suspension of Jimmy Kimmel’s show following his remarks about Charlie Kirk’s assassination exemplifies how such pressure creates a chilling effect, effectively silencing speech without direct censorship. Landmark court cases … Read more
SUMMARY Conservative activist Charlie Kirk was fatally shot while speaking at Utah Valley University on September 10, 2025, during the opening event of his American Comeback Tour. The assailant, Tyler James Robinson, fired from a rooftop and surrendered the next day. The incident sparked national outrage and a political backlash, with President Trump blaming the … Read more
The New Jersey Technology Business Tax Certificate Transfer Program represents a distinctive funding mechanism that has garnered significant attention within the state’s technology and biotechnology sectors. Commonly referred to as the NOL Transfer Program, this initiative enables qualifying early-stage companies to transform unused net operating losses and research and development tax credits into immediate working … Read more
In July 2025, the Trump Administration unveiled America’s AI Action Plan, a sweeping national strategy aimed at securing U.S. global dominance in artificial intelligence. The plan is ambitious and broad, outlining how the U.S. intends to accelerate AI innovation, build robust AI infrastructure and assert leadership in international AI diplomacy and security. While the plan … Read more
The New Jersey Angel Investor Tax Credit Program serves as a powerful engine for innovation and economic expansion within the state. By offering substantial tax credits to those who invest in emerging technology businesses, the program seeks to attract much-needed capital to high-growth sectors like biotechnology, life sciences, advanced materials and renewable energy. The program … Read more
Following widespread bipartisan congressional support, President Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act into law on July 18, 2025, marking the culmination of extensive legislative efforts to establish the first comprehensive federal regulatory framework for digital assets. The Act’s passage represents a significant milestone in cryptocurrency regulation and reflects strong … Read more
The SBA 7(a) loan program serves as the U.S. Small Business Administration’s flagship lending initiative, designed to bridge the gap between small businesses’ need and what traditional lenders are willing to provide. By guaranteeing a portion of the loan (typically 75 to 85%), the SBA reduces the risk for lenders, making them more willing to extend credit … Read more