The Federal Trade Commission (FTC) has been active in enforcements involving various AI-related issues. For an example, see Training AI Models – Just Because It’s “Your” Data Doesn’t Mean You Can Use It and You Don’t Need a Machine to
Law of The Ledger, published by Sheppard, Mullin, Richter & Hampton LLP, focuses on legal developments and regulatory issues related to digital assets, blockchain technology, cryptocurrency, and fintech. The blog covers topics such as federal and state regulatory actions, digital asset custody, national trust bank charters for crypto firms, insider trading and fraud cases involving NFTs and cryptocurrencies, and the evolving legal landscape for online gaming and sweepstakes. It also addresses compliance challenges, enforcement trends, and the intersection of traditional financial regulations with emerging digital asset business models.
The Federal Trade Commission (FTC) has been active in enforcements involving various AI-related issues. For an example, see Training AI Models – Just Because It’s “Your” Data Doesn’t Mean You Can Use It and You Don’t Need a Machine to…
The U.S. Congress has introduced a bipartisan bill that would create a National AI Commission (“Commission”). A focus of the Commission will be to ensure that through regulation, the United States is mitigating the risks and possible harms of AI,…
On May 1, NYDFS settled with a cryptocurrency trading platform over the company’s cybersecurity deficiencies, resulting in a consent order and $1.2 million fine for the crypto company. NYDFS alleged “multiple deficiencies in the Company’s cybersecurity program” discovered during NYDFS examinations…
The National Telecommunications and Information Administration (NTIA) has issued a Request for Comments (RFC) on Artificial Intelligence (“AI”) system accountability measures and policies to advance its efforts to ensure AI systems work as claimed and without causing harm. The RFC…