Earlier this month, the Financial Crimes Enforcement Network (“FinCEN”) issued an exceptive order (the “Order”) providing relief for financial institutions from the requirement to verify the identity of beneficial owners of legal entities each time the entity opens a new account. Instead of having to verify the identities of beneficial […]
Technology & Intellectual Property Update
NetChoice Continues Challenges Against State Social Media Design Laws
The day after the South Carolina Age-Appropriate Code Design Act (the “Act”) went into effect, NetChoice filed suit challenging the Act, alleging that the law “imposes an unlawful censorship regime that will fundamentally control how websites present speech and information to their users, what speech they present, and how hundreds […]
The Secrets Behind Uncrustables
On February 12, 2026, J. M. Smucker Company (“Smuckers”) filed a complaint[1] against former employee, Paul-Yvann Djamen (“Djamen”), alleging that Djamen violated the federal Defend Trade Secrets Act, 18 U.S.C. § 1836 et seq (“DTSA”); the Ohio Uniform Trade Secrets Act, Ohio Rev. Code § 1333.61 et seq. (“OUTSA”); the […]
California Brings New Enforcement Actions Against Data Brokers
On January 8, 2026, the California Privacy Protection Agency Board (the “Board”) issued two decisions against data providers for failure to register as data brokers under California’s Delete Act (“Act”). The Act includes a broad definition of “data broker.” The Act defines a data broker as any “business that knowingly collects […]
OCC Approves Trust Charters for Five Crypto Firms
On December 12, 2025, the Office of the Comptroller of the Currency (“OCC”) gave conditional approval to national trust charter applications for 5 cryptocurrency firms – Bitgo Bank & Trust, Fidelity Digital Assets, Ripple National Trust Bank, First National Digital Currency Bank, and Paxos Trust Company. While a national trust […]

