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Daily Business Review

Following ChatGPT Hype, South Florida's Lawyers See Promise in AI Boom

"People come to where the money is. Miami is where the money is. And a lot of the money has poured into new tech and startups, and there's going to be a lot of that with AI," said Tal Lifshitz, a Miami-based tech lawyer.
5 minute read

Daily Business Review

Federal Reserve Says It Won't Approve Crypto Firm's Membership

Earlier this month, the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. issued a joint warning about the need to stem risks associated with cryptocurrency assets so that they can't affect the broader financial system.
3 minute read

Daily Business Review

Attorney Faces $40M Lawsuit for Allegedly Being 'Active Participant' in Crypto Ponzi

"But even if you are the final person in a conspiracy, you are responsible for the whole conspiracy," Adam Moskowitz, lead counsel for the certified class, said in an interview.
4 minute read

New York Law Journal

Can There Be Law Without People?

In his Blockchain Law column, Robert Schwinger takes a deep dive into the issue of legal responsibility when dealing with "smart contracts." He concludes: "Smart contracts are not simply a feature of nature that one might encounter as one might a volcano or a raging river. Humans create them, and humans make choices about interacting with them."
20 minute read

Daily Business Review

Miami Judge to Weigh Whether Crypto Platform FTX's Investment Product Is a Security

The potential ruling could be bad news for defendant FTX's former brand ambassadors, such as defendant Tom Brady, who would be liable for promoting an unregistered security.
4 minute read

The American Lawyer

Sullivan & Cromwell Approved in FTX Bankruptcy Despite Objections From Creditors, Former Compliance Officer

Former chief compliance officer Daniel Friedberg filed an eleventh-hour declaration against the law firm's retention.
3 minute read

New Jersey Law Journal

$5M Settlement: Shareholders in Cryptocurrency Mining Company Resolve Class Action

The company's stock price plunged after analysts reported that SOS was "an intricate, 'pump and dump' scheme that used fake addresses, undisclosed related entities, and doctored photos of cryptocurrency mining rigs to create an illusion of success."
4 minute read

The American Lawyer

Paul Weiss Hired for Party City Bankruptcy as Retail and Crypto Firms Drive Restructuring Work

Nine Am Law 200 firms are working on the Party City Chapter 11, while media reports this week foreshadowed filings for Bed Bath & Beyond and FTX-connected crypto lender Genesis Global Trading.
2 minute read

New York Law Journal

Bitcoin Advocates Converge on New York Capitol to Advance Study Bill

New York Assemblyman Clyde Vanel, D-Queens, made a reference from his law school days while suggesting the state's two-year moratorium on certain bitcoin mining was, in essence, an application of strict liability.
5 minute read

Daily Business Review

2023 Is a Good Year to Leverage Crypto to Buy Real Estate, Fintech CEO Says

"What changed for many of them now is that they're getting into these peak homebuying years, and I think that will mean that if they're ready to buy a home, then they're likely to do so this year," said Josip Rupena, founder and CEO of Milo.
3 minute read

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