Legal
Rejects Kalshi's Bid to Dodge New York Gambling Law
Judge Torres just ruled New York can enforce gambling law against Kalshi, deepening a circuit split that's likely headed for the Supreme Court.
Latest — Page 11
SEC
Cleared: Sony's $40M Trust Bank for Stablecoins
Sony's $40 million trust charter cleared the OCC, and bank lobbyists are already calling it a two-tier system built for stablecoins.
Deals
Oregon Moves to Delay Paramount's $110B WBD Deal
Oregon says Paramount is racing to close its $110B Warner Bros. Discovery buy before regulators can finish digging through the records.
Legal
Accused: xAI Buried 7,000-Image Grok CSAM Probe
A stepfather's suicide, 7,000 images, and weeks of stonewalling: an amended suit says xAI hid evidence from cops investigating its own AI.
AI
xAI, Stability AI Sued Over 7,000 Grok Deepfakes
A Wyoming stepfather made 7,000 Grok deepfakes of his stepdaughter before his arrest, and now Stability AI is named as a co-defendant too.
SEC
SEC Plots 3 Crypto Rules to Pull Trading Onshore
No fine, no named target this time. The SEC wants three new rules to pull crypto trading back onto U.S. soil before Congress acts.
SEC
Fed Votes 6-1 to Ease AML Rules for Banks
A Fed governor just dissented on his own board's AML overhaul, calling the new enforcement standard undefined. Banks should take note.
AI
China May Wall Off Alibaba's Qwen From the World
Beijing may wall off Qwen and GLM from overseas users entirely — a vendor-lock risk for any startup building on Chinese open-weight models.
SEC
FinCEN's KYC Rule Hits Nonbank Stablecoin Issuers
FinCEN's first KYC rulebook for stablecoin issuers lands, and nonbank players now face compliance costs that banks have absorbed for decades.
Deals
House Panel Clears Earned Wage Access Bill 31-23
A 31-23 party-line vote pushes a federal EWA framework to the House floor, stripping states of power to call these wage advances loans.
Legal
NRC Kills ALARA Name, Saves Industry $9.5M
NRC proposes deleting 'ALARA' from its radiation rules, but keeps the same LNT science that Trump's executive order branded irrational.
Deals
Thrive Holdings Raises $2B to Buy Up Service Firms
Altimeter, D1 and SoftBank just wrote the first outside check to Josh Kushner's AI roll-up vehicle. No price or premium was disclosed.
Legal
FCC Kills Rule Forcing ISPs to List Fees
Comcast complained the rule was burdensome. Now the FCC agrees, and ISPs can bury fees in one "up to" price.
Legal
FTC Warns 8 Firms Over Fake 'Made in USA' Tags
Eight companies got FTC warning letters over questionable 'Made in USA' claims, the same playbook that cost TouchTunes $625,000 in April.
Legal
Gorsuch Questions FTC's Section 5 Power in Slaughter
Two justices just called the FTC's core rulemaking power "startling," and CFPB's nearly identical authority may be next in the crosshairs.
