Blogs

On January 14, 2025, the UK government opened a consultation seeking views on three proposals aimed at reducing the threat of ransomware attacks.

With little fanfare, on January 23, 2025, the US Securities and Exchange Commission (SEC) withdrew controversial Staff Accounting Bulletin 121 regarding custody of digital assets. In its place, new Staff Accounting Bulletin 122 directs registrants to Accounting Standards Codification 450-20, Loss Contingencies and International Accounting Standard 37, Provisions, Contingent Liabilities and Contingent Assets.

On January 15, 2025, the Federal Trade Commission announced a proposed order against web hosting company GoDaddy for unfair or deceptive acts or practices in violation of Section 5 of the FTC Act, and issued guidance for customers of web hosting services on security practices in light of the settlement.

On January 21, 2025, the SEC announced the formation of a new Crypto Task Force. Styled “Crypto 2.0” in the SEC press release, the announcement signals a shift in the agency’s approach to the digital asset sector coincident with the change in presidential administrations.

In today’s unpredictable world, event cancellation insurance is essential for event organizers, artists and venues. With risks ranging from natural disasters and terrorism to health crises like COVID-19, this insurance protects against financial losses when events are disrupted. But with this coverage comes a web of legal complexities.