SUMMARY The SEC and CFTC have ended years of crypto regulatory ambiguity with a joint interpretation that sorts digital assets into five categories and tells the market which are securities and which are not. Promises matter most. A token becomes a security when its issuer makes specific commitments to buyers and stops being one when … Read more
Two juries delivered consecutive verdicts last week that could permanently reshape how social media platforms operate in the United States. On Tuesday, March 24, a New Mexico jury ordered Meta to pay $375 million for failing to protect children from predators on Instagram and Facebook. On Wednesday, March 25, a Los Angeles jury found both Meta and Google’s YouTube liable for … Read more
SUMMARY Major insurers are already imposing absolute AI exclusions, sub-limits and intentional acts triggers that leave attorneys personally exposed, and that financial pressure will drive AI governance in legal practice far more effectively than any ethics opinion. Firms that cannot document their AI due diligence, vendor relationships and disclosure practices will find themselves uninsured, undefended … Read more
SUMMARY Cryptocurrency can build real wealth, but mostly for insiders who create and issue tokens, not retail investors who buy them later. The Trump family’s $1 billion+ in crypto profits illustrates exactly how that works. New federal laws changed the rules dramatically in 2025. Before investing, understand the tax consequences, the legal risks, and who’s … Read more
February means it’s time for my semi-annual check-in on the state of humor in Artificial Intelligence. This time I tried something a little different — I had AI create a weekly comic strip featuring a lawyer, his dog and his AI. I used ChatGPT to write the strips, then turned to Grok to draw them. … Read more
SUMMARY Something is quietly going wrong with artificial intelligence. Not the dramatic failures that make headlines. Not rogue chatbots or biased algorithms. Something more fundamental is happening beneath the surface of the AI industry, and it carries profound implications for investors, companies and regulators alike. Researchers call it model collapse. The phenomenon occurs when AI systems … Read more
SUMMARY Ashley St. Clair sued xAI after Grok generated 3 million sexualized deepfakes in 11 days, including 23,000 of children. The January 2026 lawsuit tests whether AI systems are “products” under traditional liability law. Courts must decide if developers face tort exposure when systems enable foreseeable harms, potentially affecting autonomous vehicles, medical AI and algorithmic … Read more
SUMMARY This primer explains cryptocurrency types: payment coins (Bitcoin), programmable platforms (Ethereum), stablecoins, privacy coins, governance tokens, utility tokens, DeFi protocols, meme coins and CBDCs. It covers their technical functions and regulatory status. The document highlights the 2025 shift from SEC Chair Gensler’s enforcement-heavy approach to Chair Atkins’ framework-focused regulation, emphasizing that legal classification depends … Read more
SUMMARY The U.S. Patent and Trademark Office released new guidance clarifying that AI cannot be listed as an inventor on patents. Only humans can be inventors, regardless of how much AI contributed to creating the invention. AI systems are treated as tools like laboratory equipment or software. The guidance abandons the previous approach that incorrectly applied joint … Read more
SUMMARY Cryptocurrency is digital money recorded on a blockchain, a shared ledger maintained by thousands of computers. Bitcoin, launched in 2009, was the first. You can buy cryptocurrency on exchanges or earn it through mining. Transactions are irreversible and values fluctuate wildly. The IRS treats cryptocurrency as property, requiring tax reporting on all transactions. Regulatory … 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 Artificial intelligence has evolved dramatically through gaming, from mastering simple tic-tac-toe in the 1950s to defeating world champions in chess and Go. Modern AI systems like AlphaZero learn through self-play, while MuZero masters games without knowing rules. Beyond board games, AI conquered real-time strategy games like Dota 2 and StarCraft II, achieved olympiad-level mathematics, … Read more