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On September 15, 2022, President Biden signed an Executive Order (EO) detailing certain national security risks that the Committee on Foreign Investment in the United States (CFIUS or the Committee) should consider when reviewing transactions. While the EO articulates risk factors beyond those in the statute undergirding CFIUS operations, the Committee already has been focusing on many (and…
The global NFT (non-fungible token) market now is worth dozens of billions of dollars annually. Innovators and early adopters, marketplaces, and sellers, are all eager to join this...
Last week, senators from both parties finally came together for a common objective: stopping the $4.7 billion sale of America’s largest pork producer to China. Their reason? The sale of Smithfield Farms to a Chinese company, Shuanghui, could pose a threat to America’s critical infrastructure. The Senators wanted the Committee for Investment in the United States (CFIUS) to
President Biden launched an effort to establish a federal digital assets policy strategy and coordinate the related work of federal regulators by signing the Executive Order on Ensuring Responsible Development of Digital Assets (the EO) on March 9, 2022. Citing the increased adoption and growing development of digital assets, the EO sets forth six main objectives: consumer and investor protection;…
Lawmakers are prepping for another Facebook beatdown today.