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
SUMMARY NFTs exploded in 2021 with collections selling for millions, but crashed dramatically in 2022 as values plummeted 95% and trading volume fell 97%. The collapse exposed pump-and-dump schemes, undisclosed celebrity endorsements and unregistered securities offerings. Investors who suffered losses may have legal remedies through securities violations, fraud claims or class actions, though recovery faces … Read more
SUMMARY Attorney-client privilege faces significant challenges with AI use. When lawyers input client information into AI systems, they risk waiving privilege by sharing confidential data with third-party providers. The Rules of Professional Conduct require attorneys to maintain confidentiality, demonstrate technological competence and ensure adequate safeguards. Lawyers should anonymize information, use specialized legal AI tools with … Read more
SUMMARY The debate over children using AI mirrors earlier concerns about tablets and smartphones. While AI offers personalized learning benefits, risks include impaired critical thinking, shortened attention spans, privacy violations and device dependency. A decade of tablet use showed that educational promises largely failed while mental health concerns mounted. Though supervised AI use is recommended, … Read more