On February 11, 2026, Paxful Holdings Inc., a now-defunct peer-to-peer virtual currency trading platform, was sentenced in the U.S. District Court for the Eastern District of California to a criminal monetary penalty of $4 million — the maximum the company could pay, per DOJ's independent financial analysis — following its December 10, 2025 guilty plea to a three-count criminal information. Prosecution was led by the DOJ Criminal Division's Money Laundering, Narcotics and Forfeiture Section...

What operational and compliance changes should EU investment firms, insurers, and intermediaries plan for after the 18 December 2025 provisional political agreement between the European Parliament and the Council on the Retail Investment Strategy (RIS) package, covering retail advice and suitability, “value for money” checks, inducement controls, third‑party marketing (including financial influencers), and PRIIPs key information document disclosures? The 18 December 2025 deal is a provisional...

Generative AI providers are now facing materially different answers to a deceptively simple question: when does a model “contain” protected content, and who is responsible when that content shows up in outputs. In late 2025, the High Court of England and Wales (Chancery Division) and the Regional Court of Munich I each issued detailed rulings tied to real-world model behavior, while the USPTO’s Appeals Review Panel issued a precedential patent-eligibility decision that is directly relevant to...