The Guiding and Establishing National Innovation for U.S. Stablecoins Act (“GENIUS Act”) establishes the first comprehensive federal framework for “payment stablecoins” in the United States. The bill’s most discussed, and debated, provision is Section 4(a)(11), which provides:
No permitted payment stablecoin issuer or foreign payment stablecoin issuer shall pay the holder of any
How America’s AI Action Plan Could Shape AI Arbitration
Artificial intelligence (AI) is no longer just assisting the legal profession but transforming it – including by shaping how disputes are resolved. In arbitration, algorithms are already used to select arbitrators, analyze documents, and draft procedural orders. The essential question now is how AI will be governed in arbitration.
The America’s AI Action Plan (AAAP),
Sullivan & Cromwell Discusses Meta Victory in FTC Case Challenging Instagram and WhatsApp Acquisitions
Summary
- In December 2020, the FTC sued Meta, alleging that Meta held a monopoly in the market for personal social networking and had illegally maintained that monopoly through a years-long course of anticompetitive conduct that included acquiring Instagram in 2012 and WhatsApp in 2014.
- On November 18, 2025, following a six-week bench trial, U.S. District
The Law Bytes Podcast, Episode 253: Guy Rub on the Unconvincing Case for a New Canadian Artists’ Resale Right
The creation of an Artists’ Resale Right has been adopted in many countries to at best mixed reviews. They’re unsurprisingly widely supported by potential beneficiaries, but the data on who actually benefits raises real questions about the wisdom of the policy. Canada may be headed in the same policy direction as the government recently announced
The Law Bytes Podcast, Episode 251: Jennifer Pybus on the Debate Over Canadian Digital Sovereignty
Digital sovereignty is hot the digital policy phrase of the moment driving discussion on Canadian digital policy involving AI, digital infrastructure, privacy, and cultural policy among others. Yet despite its widespread use, its meaning remains opaque as it often used to frame – or reframe – longstanding policy positions. The government has begun to flesh out
Canadian Government Introduces New Stablecoin Act as Part of Budget Implementation Legislation
The Canadian government yesterday tabled its Budget Implementation Act. Running at over 600 pages, the bill includes several notable provisions related to digital policy including the repeal of the Digital Services Tax, the restoration of a privacy provision in the Broadcasting Act that was mistakenly deleted (yet no one noticed for two years), adding
Sidley Discusses the UK’s First Copyright vs. AI Decision
The UK’s first “Copyright vs. AI” decision (Getty Images (US) Inc & ors vs. Stability AI Limited [2025] EWHC 2863 (Ch)) marks a clear win for the artificial intelligence industry. The English High Court raised the rhetorical question on the industry’s lips, “whether this judgment will, in reality, have anything to say on the balance
Artificial Intelligence, Misinformation, and Market Misconduct
Artificial intelligence (AI) poses a clear and present danger to our money and our markets. With AI, bad actors and rogue nations can readily and cheaply engage in market manipulation, financial misinformation, and regulatory misconduct that threaten the stability, integrity, and security of our financial system as never before. The intelligence behind this new technology
The Law Bytes Podcast, Episode 249: The Debate Over Canada’s AI Strategy – My Consultation Submission and Appearance at the Canadian Heritage Committee
The government’s AI consultation concluded at the end of October with expectations that a strategy will emerge before the end of the year. I participated in the consultation with a brief submission and in an appearance as a witness before the Standing Committee on Canadian Heritage for its study on the effectiveness of technological advances
The Law Bytes Podcast, Episode 248: Mark Surman on Why Canada’s AI Strategy Should Prioritize Public AI Models
AI Minister Evan Solomon’s AI public consultation – framed as a 30 day sprint – wrapped up last week with expectations that the government will unveil a new AI strategy by the end of the year. Much of the emphasis to date has focused on how Canada can ensure that it is an AI leader