The European Union recently released documents indicating that the social media platform X, owned by Elon Musk, was found to be in breach of the Digital Services Act (DSA).

According to the documents released on July 12, the EU found that X violated the DSA on three separate counts, facing fines of up to 6% of the platform’s global annual turnover. 

The published documents’ findings allege that X breached the DSA in “areas linked to dark patterns, advertising transparency and data access for researchers.”

Despite the serious nature of the findings, EU Internal Market Commissioner Thierry Breton stated on X that the findings were not final and that X has “the right of defence.”

Whistleblowers asked the SEC to investigate OpenAI over alleged illegal NDAs

Whistleblowers have reportedly approached the United States Securities and Exchange Commission about OpenAI’s use of non-disclosure agreements (NDAs), which they allege are illegal.

The complaint, filed in June, suggests that OpenAI may have prevented former employees from discussing safety and other issues with federal agents.

The documents were revealed by the Washington Post through Senator Chuck Grassley’s office, and Grassley expressed support for the whistleblowers.

Grassley emphasized the need for OpenAI to amend its NDA policies so as not to infringe on the rights of whistleblowers.

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BitMEX pleads guilty to Bank Secrecy Act violation

Crypto exchange BitMEX pleaded guilty to violating the Bank Secrecy Act, as confirmed by the United States Department of Justice.

The exchange admitted to willfully failing to establish, implement and maintain an Anti-Money Laundering (AML) program, leading to charges that carry implications for the broader crypto industry.

US Attorney Damian Williams stated that BitMEX “flaunted” the AML requirements by not implementing the system with Know Your Customer standards.

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Supreme Court ruling “changes the game” for US crypto firms

Following the United States Supreme Court’s Loper Bright v. Raimondo decision, US courts will no longer have to “defer” to federal agencies when interpreting ambiguous statutes.

The need to defer to federal agencies had been the precedent since the Chevron U.S.A., Inc. vs. Natural Resources Defense Council ruling in 1984, but it was declared “overruled” on June 28.

According to Joshua Simmons, a partner at Wiley Rein and adjunct professor at the University of Virginia School of Law, the ruling was a “game changer” that will have an “enormous” long-term impact.

Simmons explained that the ruling means that more companies can now bring challenges against federal agencies, and when doing so, “they will enjoy a more level playing field.”

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