Regulatory

China Strengthens Legal Arsenal Against Foreign Sanctions with New Regulatory Framework

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Beijing, China – On March 23, 2025, the State Council of China implemented the Regulations on the Implementation of the Anti-Foreign Sanctions Law (AFSL), marking a significant step in the nation’s effort to counteract foreign sanctions. These newly established regulations, which take effect immediately, build upon existing frameworks, particularly the AFSL and the Law on Foreign Relations. They lay out definitive administrative procedures and designate authorities responsible for executing countermeasures against foreign sanctions. China’s response to unilateral sanctions is now bolstered by a comprehensive legal system that includes various regulatory instruments aimed at opposing extraterritorial … Read more

Ripple’s CEO Brad Garlinghouse: The ‘Steve Jobs’ of Crypto Driving Industry Innovation and Regulatory Clarity

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San Francisco, California — As the crypto industry grapples with evolving regulations, Ripple’s CEO Brad Garlinghouse has emerged as a key figure in the conversation surrounding leadership and innovation within the sector. Legal experts and community advocates alike have begun to draw parallels between Garlinghouse and influential leaders in technology, suggesting that his approach might reshape how cryptocurrency firms interact with regulatory frameworks and the broader public. Among those praising Garlinghouse is John Deaton, a prominent attorney closely monitoring the landmark lawsuit involving Ripple’s XRP token. Deaton lauded Garlinghouse’s leadership, likening him to Steve Jobs … Read more

BlockFi Secures $35 Million Settlement with DOJ, Paving the Way for Regulatory Compliance and Rebuilding Trust

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BlockFi, a leading player in the cryptocurrency lending sector, has settled a lawsuit with the U.S. Department of Justice for $35 million. This financial agreement tackles ongoing legal challenges the company faced and outlines measures to steer clear of future litigation, enabling BlockFi to stabilize its operations and rebuild its reputation in the financial sector. The lawsuit originated from claims of mismanagement related to customer funds and non-compliance with regulatory standards. While the payment represents a significant financial burden for BlockFi, it also reflects a strategic initiative aimed at clearing the company’s legal hurdles. By … Read more

Western States Set to Tighten Reins on AI Development After Regulatory Proposal Withdrawn

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Salt Lake City, Utah — Following the removal of a proposal to impose a moratorium on state regulations for artificial intelligence from the budget reconciliation package, Utah, Colorado, and Texas are gearing up to establish new controls on AI developers and deployers. This shift comes after a significant vote of 99-1 on July 1. The prior proposal sought to stall any state-level regulations that would govern the burgeoning AI industry, but its removal reflects a growing consensus among state lawmakers about the necessity for oversight in a field that continues to evolve rapidly. Lawmakers across … Read more