Even as artificial intelligence (AI) has become more commonplace and relied upon by businesses in different industries, it still faces criticism on whether it can be implemented in a safe and ethical manner and, related, how the bias often inherent
Latest from Internet & Social Media Law Blog
FTC Will “Vigorously Enforce” the Law Against Companies That Fail to Protect Consumer Privacy
Soulbound Tokens: Moving Away from the Hyper-Financialization of Digital Assets
Earlier this year, Ethereum co-founder Vitalik Buterin, in cooperation with economist Glen Meyl and researcher Puja Ohlhaver, published a research paper on soulbound tokens (SBTs). SBTs are publicly visible, non-transferrable (but possibly revocable by the issuer) digital assets representing “commitments,
News of Note for the Internet-Minded (7/6/22) – Quantum Leaps, VR Tools and Cryptocurrency Tumult
NFT Contracting in a Volatile New Market
The non-fungible token (NFT) market has grown dramatically over the past 24 months. NFTs first garnered widespread attention when the artist Beeple sold digital artwork at Christie’s in March 2021 for $69 million. According to the DappRadar Industry Report,
Regulators Zero In on AI
As previously discussed, financial services regulators are increasingly focused on how businesses use artificial intelligence (AI) and machine learning (ML) in underwriting and pricing consumer finance products. Although algorithms provide opportunities for financial services companies to offer innovative products
New York Legislature Passes Moratorium on Crypto Mining Operations
On June 2, 2022, the New York Legislature passed a bill, S6486D, that would place a two-year moratorium on certain new cryptocurrency mining operations at fossil fuel energy plants in New York. The bill would also limit circumstances in
Protecting Your Digital Identity in the Metaverse
California Governor Issues Executive Order Aimed at the Regulation of Blockchain and Crypto Assets
On May 4, 2022, California Governor Gavin Newsom signed Executive Order N-9-22 to create a coordinated state regulatory approach for cryptocurrency and blockchain, with the further aim of harmonizing the state’s laws with those (potentially) enacted at a federal level.
