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DOJ’s New Pilot Program for Individual Voluntary Self-Disclosures: A Strategic Shift for the Payment Industry

Senators Cynthia Lummis and Kirsten Gillibrand recently introduced a pivotal piece of legislation aimed at establishing a comprehensive regulatory framework for stablecoins. This move has added a significant dimension to the ongoing debate within Congress concerning digital assets. In this article, we delve into the key aspects of the Senate stablecoin bill, highlighting its implications and the regulatory landscape it seeks to create.

Steering Through Legislative Currents: Comprehending the Senate’s Stablecoin Companion Legislation

Senators Cynthia Lummis and Kirsten Gillibrand recently introduced a pivotal piece of legislation aimed at establishing a comprehensive regulatory framework for stablecoins. This move has added a significant dimension to the ongoing debate within Congress concerning digital assets. In this article, we delve into the key aspects of the Senate stablecoin bill, highlighting its implications and the regulatory landscape it seeks to create.

FTC’s Noncompete Ban: A Game-Changer for Businesses and Workers

Noncompete agreements, also known as noncompete clauses, are contractual terms that prevent employees from working for a competitor or starting a competing business for a specified period after leaving their current employer. These agreements have long been a contentious issue, with proponents arguing that they protect businesses’ intellectual property and trade secrets, while critics maintain that they stifle competition and limit workers’ job mobility.

Understanding Data Breach Notification Laws Across Select U.S. States

In an increasingly digitized world, the security of personal information is paramount. Data breaches, unfortunately, have become a common occurrence, posing significant risks to individuals and businesses alike. To mitigate these risks, various states in the U.S. have enacted laws mandating notification procedures in the event of a data breach.

James Huber Featured in The Green Sheet: PayPal ruling lifts all digital wallets

March 29, 2024, ruling by a federal judge ended a four-year debate between PayPal Holdings Inc. and the Consumer Financial Protection Bureau over digital wallet and prepaid card fee structures and disclosures. Judge Richard L. Leon of the U.S. District Court for the District of Columbia agreed with PayPal that digital wallets are materially different than “general purpose reloadable (GPR) cards” and should not be held to the same regulatory standards. James Huber, partner at Global Legal Law Firm, praised the decision, stating it reflects improved communications between the payments industry and the U.S. government’s judicial branch.