On January 9, the U.S. Supreme Court granted certiorari to resolve a circuit split over the FCC’s authority to impose monetary forfeiture penalties through its administrative process. The outcome could have significant implications for the FCC’s ability to pursue civil penalties in its enforcement cases. For more information on the issues at stake, including background
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FCC Opens Application Window for New Cyber Trust Mark Program Lead Administrator
On January 6, 2026, the Federal Communications Commission’s Public Safety and Homeland Security Bureau (the “Bureau”) announced the application window for a new Lead Administrator for the U.S. Cyber Trust Mark Program (the “Program”). The window will be open from January 7, 2026, through January 28, 2026. The previous Lead Administrator, UL LLC (“UL…
FCC Privacy Enforcement May Face More Constitutional Scrutiny: Supreme Court Review of FCC CPNI Fines Sought Amid Circuit Split
In 2024, the Federal Communications Commission (FCC) issued fines to four major telecommunications carriers—Verizon, AT&T, Sprint, and T-Mobile—for allegedly failing to protect the geolocation data of their subscribers, which the FCC claimed violated its Customer Proprietary Network Information (“CPNI”) rules. To challenge the action, all four carriers had to first pay the fines, which they…
New York Governor Signs Frontier AI Safety Legislation
On December 19, New York Governor Kathy Hochul (D) signed the Responsible AI Safety & Education (“RAISE”) Act into law, making New York the second state in the nation to codify public safety disclosure and reporting requirements for developers of frontier AI models. Prior to signing, Governor Hochul secured several commitments from the legislature to…
FINRA Highlights Trends and Risks in Member Firms’ Use of GenAI
With innovation comes regulatory scrutiny. On December 9, 2025, the Financial Industry Regulatory Authority, Inc. (“FINRA”) released its 2026 Annual Regulatory Oversight Report (the “2026 Report”), which includes a new section dedicated to generative artificial intelligence (“GenAI”). The 2026 Report is the latest iteration of FINRA’s yearly summary of insights from its regulatory oversight activities,…
European Commission Launches Consultations on the EU AI Act’s Copyright Provisions and AI Regulatory Sandboxes
The European Commission (“Commission”) recently launched two stakeholder consultations under the EU AI Act. The first (see here), closing on 9 January 2026, relates to the copyright-related obligations for General Purpose AI (“GPAI”) providers under the AI Act and GPAI Code of Practice. The second (see here), closing on 6 January 2026,…
President Trump Signs Executive Order to Block State AI Laws
On December 11, President Trump signed an Executive Order on “Ensuring a National Policy Framework for Artificial Intelligence” (“AI Preemption EO”), the culmination of months of efforts by Republican lawmakers to assert federal primacy over AI regulation. The AI Preemption EO, which follows the release of a draft version in November, states that “[t]o win”…
Washington State AI Task Force Releases AI Policy Recommendations for 2026
On December 1, the Washington State AI Task Force (“Task Force”) released its Interim Report with AI policy recommendations to the Governor and legislature. Established by the legislature in 2024, the Task Force is responsible for evaluating current and potential uses of AI in Washington and recommending regulatory and legislative actions to “ensure responsible AI…
FCC Seeking Comment on Issues Related to Caller ID and TCPA Compliance
Today, a Further Notice of Proposed Rulemaking (“FNPRM”) adopted by the Federal Communications Commission (“FCC”) at its open meeting on October 28, 2025, was published in the Federal Register, kicking off the comment cycle for the issues raised in that FNPRM. Comments on the FNPRM are due January 5, 2026, and reply comments are due…
Quantum Computing: Quantum Applications in Finance
Many fields of finance involve complex optimization problems under strict time constraints — problems where even marginal improvements could generate immense value for firms. Could quantum computing bring such improvements? Two recent IBM studies with major financial industry participants have explored potential use cases for quantum computing in finance.…