legal

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

Bipartisan Momentum Driving Big Tech Legislation
Bipartisan Momentum Driving Big Tech Legislation
October 19, 2021  |  Regulation

Lawmakers on both sides of the aisle are backing legislation to reel in Big Tech firms and institute content restraints, aiming to deter the spread...

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NY Crypto Lending Crackdown Targets Five Platforms
NY Crypto Lending Crackdown Targets Five Platforms
October 18, 2021  |  Cryptocurrency

New York has ordered two cryptocurrency lending platforms to cease activities and warned three others to hand over information about how their businesses operate, New...

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Congress’ Letter to Amazon Questions Statements Made Under Oath
Congress’ Letter to Amazon Questions Statements Made Under Oath
October 18, 2021  |  Legal

Five members of Congress sent a letter to Amazon CEO Andy Jassy asking for proof regarding some statements made by company executives — including then-CEO...

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Tether Must Pay $41M After Misleading Customers About Stablecoin Backing
Tether Must Pay $41M After Misleading Customers About Stablecoin Backing
October 17, 2021  |  Cryptocurrency

Stablecoin platform Tether will pay $41 million after the Commodity Futures Trading Commission (CFTC) said the company misled customers and potential buyers for almost three...

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Google’s DeepMind Facing Suit Over UK Health Data
Google’s DeepMind Facing Suit Over UK Health Data
October 14, 2021  |  Legal

A Google-owned artificial intelligence (AI) research firm is facing a class-action lawsuit over its use of the health records of 1.6 million patients in the...

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Google Says Epic Games Breached Its Contract 
Google Says Epic Games Breached Its Contract 
October 13, 2021  |  Google

Google filed a countersuit against Epic Games in their antitrust case Monday (Oct. 11) in the U.S. District Court for the Northern District of California,...

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Apple Appeals Ruling in Antitrust Case Brought by Fortnite Creator
Apple Appeals Ruling in Antitrust Case Brought by Fortnite Creator
October 10, 2021  |  ANTITRUST

A court battle between Apple and Epic Games will continue, with Apple saying Friday (Oct. 8) that it is appealing a ruling in an antitrust...

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XRP Prices Up Despite Ongoing Ripple SEC Woes
XRP Prices Up Despite Ongoing Ripple SEC Woes
October 10, 2021  |  Legal

The cryptocurrency XRP hit $1.23 Saturday (Oct. 9), up by over 9% in 24 hours, while its blockchain payments network Ripple is in the middle...

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Citigroup Claims $11B Lex Foundation Lawsuit Is Fraudulent
Citigroup Claims $11B Lex Foundation Lawsuit Is Fraudulent
October 08, 2021  |  Legal

Citigroup says the $11 billion lawsuit from a mysterious money manager is the work of a “fantasist” trying to extort the bank. As Bloomberg News...

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