Canadian privacy regulators are intensifying scrutiny of platforms used by minors, emphasizing age assurance and youth privacy. Investigations reveal that self-declared age gates and adult-oriented consent language are inadequate. Platforms must adopt layered age verification, youth-friendly privacy communications, and contextual data practices. Enforcement is shaping standards ahead of formal guidance, urging proactive compliance measures.
On 6 October 2025, Governor Gavin Newsom announced that California enacted a series of laws that included an amendment to California’s antitrust statute, the Cartwright Act. He declared that the series of bipartisan legislation “further protects families by creating stronger consumer protections and increasing affordability.” Specifically, the antitrust amendment prohibits the use or distribution of “common pricing algorithms” that rely on competitor data or facilitate coordinated pricing. Two days later, Governor Newsom signed a second bill into law dramatically increasing penalties for Cartwright Act violations—raising corporate criminal fines, individual criminal fines, and giving courts discretion to apply civil penalties for misconduct.
Earlier this summer, the US Administration’s Working Group on Digital Asset Markets published a report, entitled Strengthening American Leadership in Digital Financial Technology. The Report contains recommendations for revising existing legislation and IRS guidance regarding trusts engaged in cryptocurrency staking, Code provisions that may deny recognition of gains or losses by active securities traders, and reporting requirements for participants in digital asset transactions and for the exchanges that facilitate such activities
On August 29, 2025, the US Court of Appeals for the Federal Circuit (CAFC) issued a 7-4 en banc opinion in VOS Selections, Inc. v. Trump, holding that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose broad, indefinite tariffs. The case was initially brought in the Court of International Trade (CIT) by private businesses and the US state attorneys general. The President invoked IEEPA on various grounds, including concerns about drug enforcement, border security, and trade deficits. In a May decision granting summary judgment to the VOS Selections plaintiffs, the CIT found that IEEPA does not authorize the President to impose the tariffs at issue, which the US Government appealed.
In March 2025, the Home Office issued a revised version of its statutory guidance “Transparency in Supply Chains” following the House of Lords Modern Slavery Act 2015 Committee’s report. This marks the first full revision of the guidance in nearly a decade. In an article for Compliance & Risk, Jon Tuck and David Yadid examine the current legal framework under the Act, unpack the key changes introduced by the new guidance, and consider their implications for businesses.
The week of July 14 to 18, 2025 marked a historic moment for the U.S. cryptocurrency industry, as the U.S. House of Representatives officially designated it “Crypto Week”. This initiative signalled a profound shift in how Washington approaches the burgeoning digital asset landscape, moving from cautious observation to active legislative engagement. While much of the attention landed on the GENIUS Act, it is also important to understand the implications of the CLARITY Act and the Anti-CBDC Act.
Via the Internet, companies can publish information, offer contracts, deliver virtual items, and send payments to any country in the world. Companies can also collect personal information from consumers anywhere on the planet. For attorneys, this raises the question of what law governs transactions and activities involving businesses or legal entities in more than one jurisdiction. In this article, we summarize a few principles, flag commonly relevant issues, and suggest practical approaches for attorneys advising Internet businesses.
Tax News and Developments July 2025 In brief The recently enacted reconciliation bill (the One Big Beautiful Bill…
On July 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), marking a pivotal moment in the evolution of digital asset regulation. As the first comprehensive federal framework governing payment stablecoins, the GENIUS Act introduces a robust regulatory regime designed to enhance market integrity and consumer protection. The GENIUS Act will take effect on the earlier of (i) January 18, 2027 (i.e., 18 months following enactment) or (ii) 120 days following the issuance of final implementing regulations. This relatively short compliance runway underscores the urgency for stakeholders to begin preparing now.
The One Big Beautiful Bill Act makes three major changes to the interest deduction limitation provision of §163(j). Pub. L. No. 119-21, §70303, §70341 (July 4, 2025), applicable to taxable years beginning after December 31, 2024. This article reviews the three changes and then focuses on the new rule for capitalized interest.