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Blockchain and Digital Assets News and Trends – June 2025
This periodic bulletin is designed to help companies identify important legal developments governing the use and acceptance of blockchain technology, smart contracts, and digital assets. While the use cases for blockchain technology are vast, this bulletin focuses on uses of blockchain and smart contracts in the financial services sector….By: DLA Piper
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What is an Asset-Reference Token? Lessons from the Ethena Case
Regulation 1114/2023 (the Markets in Crypto-Assets Regulation, or MiCA) became fully applicable in January 2025. Since then, many businesses have successfully received authorization from national competent authorities to provide services with crypto-assets, or to offer crypto-assets to the public. One of MiCA’s singularities, in comparison with other national regulatory frameworks, is the way it regulates…
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Legal Red Teaming, One Year In: Reports from the Field
Introduction – In our June 2024 white paper, Legal red teaming: A systematic approach to assessing legal risk of generative AI models, we presented legal red teaming, a methodology aimed at helping organizations that develop and deploy generative artificial intelligence (GenAI) systems to proactively surface and address legal and compliance risks through adversarial testing. Legal…
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SEC Staff Concludes Protocol Staking Activities on Proof-of-Stake Networks Are Not Securities
On May 29, 2025, the Division of Corporation Finance of the US Securities and Exchange Commission (SEC) issued a statement clarifying its views on the application of federal securities laws to certain proof-of-stake (PoS) blockchain protocol staking activities. The statement specifically addresses the federal regulatory treatment of staking activities for crypto assets that are integral…
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Spain: AEPD Guidance – Important Update on Royal Decree 933/2021
On 17th June 2025, the Spanish Data Protection Authority (“AEPD”) published guidance in relation to Royal Decree 933/2021, which regulates document registration and information obligations relating to accommodation and motor vehicle rental activities (“Royal Decree“). In particular, the AEPD has clarified that the Royal Decree does not authorise requests for copies of identity documents by…
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Supreme Court of Texas Holds that Its Anti-Barratry Laws Do Not Apply to Conduct in Other States
On May 9, 2025, the Supreme Court of Texas reversed an appellate court’s decision in Pohl v. Cheatham. The case involves two Texas-based attorneys, Michael Pohl and Robert Ammons, who solicited out-of-state clients with personal injury cases….By: Fishman Haygood LLP
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Texas Supreme Court Limits Franchisor Liability in Franchisee Sexual Assault Case
On May 2, 2025, the Texas Supreme Court held that a franchisor owes no duty of care for injuries caused by a franchisee’s employee unless the franchisor retained or exercised control over the hiring of that employee….By: Foley & Lardner LLP
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Live Updates: Israel and Iran Claim Victory as Cease-Fire Takes Hold
Iran’s president signaled that his country would be open to talks about its nuclear ambitions. A preliminary classified U.S. report concluded that American airstrikes had not fully destroyed Iranian nuclear sites, as President Trump has claimed.
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NATO Summit Opens as Israel-Iran Cease-Fire Takes Hold: What to Watch
An internal rift over defense spending and President Trump’s disregard for Ukraine have lowered expectations for the gathering.
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In a Big Place With Few People, a Minister Needs a Pilot’s License
The Salvation Army’s “Flying Padres” cross the Australian outback by air, dropping in on ranches and small communities — sometimes, just to lend an ear.