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Federal Banking Regulators Adopt a Permissive Stance on Cryptocurrency
The federal banking regulators have each recently adopted a more permissive approach to the regulation of cryptocurrency activities within the banking sector. The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve System (FRB) have issued new guidance that relaxes previous…
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Cybersecurity, Wire Fraud, and Attorney Liability: The Growing Risk Landscape
Wire transfer fraud is on the rise, and attorneys are increasingly becoming prime targets for cybercriminals. With billions lost annually to fraudulent transactions, legal professionals who fail to implement robust cybersecurity measures can face negligence and legal malpractice claims from clients. At the same time, not all cyber insurance policies provide coverage for money held on behalf of others such as IOLTA…
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The European Commission publishes its AI Continent Action Plan
On April 9 2025, the European Commission published the AI Continent Action Plan (the Action Plan), which outlines the EU’s strategy to enhance innovation, competitiveness and regulatory compliance in artificial intelligence (AI). The Action Plan emphasises the importance of trustworthy and human-centric AI for economic growth and the preservation of fundamental rights. To achieve this,…
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Weekly Blockchain Blog – May 2025
U.S. Companies Continue Stablecoin Payment Integrations, Product Launches – According to a recent press release, a major multinational payment card services company has announced several new programs to support global end-to-end stablecoin payments….By: BakerHostetler
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A New Trend in Global Elections: The Anti-Trump Bump
In voting in Canada and Australia, right-wing parties that borrowed from the MAGA playbook were punished. Elsewhere, President Trump is having a more complex impact.
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Netanyahu Warns of ‘Intensive’ Escalation From Israel in Gaza Campaign
Prime Minister Benjamin Netanyahu said that a new plan calls for a “forceful entry” into the territory and would involve Palestinians relocating to the south.
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As U.S. Support Vanishes, a Nation’s Postwar Peace Teeters
The Trump administration cut off aid to Colombia that has been vital to keeping the promises of a peace deal with a major rebel group, as violence worsens in many corners of the country.
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Survivors Urge Cardinals to Discuss Sex Abuse Crisis in Choosing Next Pope
Pope Francis is credited with addressing the issue more strongly than his predecessors did, but clerical abuse remains a ruinous issue for the Roman Catholic Church.
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China’s Garment Factories Face a Tipping Point After New Tariffs
As a U.S. tax loophole ends, the apparel makers that sell to America are forced to consider alternative markets or cheaper locations in and outside China.
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The Last Surrealist
Jean-Claude Silbermann joined André Breton’s acolytes at 18. Now 90, he’s showing paintings at Independent, the art fair, and says Surrealism is “an attitude toward the world.”
