Generative AI is revolutionizing the legal landscape by making legal actions easier and more affordable, which increases the volume of potential legal challenges faced by companies.
The future of legal risks resembles phishing attacks, where mass-produced legal actions can be initiated by various entities, leading to overwhelming consequences similar to DDoS attacks.
Companies need to adopt a proactive stance similar to cybersecurity readiness, understanding vulnerabilities and mitigating risks associated with emerging threats in a rapidly evolving legal environment.
The proposed U.S. Treasury rule for increased cryptocurrency disclosures reflects the government’s push for enhanced compliance, but it faces significant resistance from the crypto industry.
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