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As Texas positions itself to become the world’s newest bitcoin mining hub, the Electric Reliability Council of Texas (“ERCOT”) has recently taken actions that may stall the integration of new cryptocurrency mining operations within the state.
On January 1, 2023, absent intervention from the California legislature, the nation’s first comprehensive data privacy law, the California Consumer Privacy Act (“CCPA”) as amended by the California Privacy Rights Act (“CPRA”), will not only regulate consumer data but will also regulate previously exempt human resources data as well.
On March 9, 2022, the Securities and Exchange Commission (“Commission”) issued its much-anticipated proposed rule amendments which would mandate certain cybersecurity disclosures for public companies (“Proposed Rules”).
V&E SEC Update
As a strong signal that it intends to increase its focus on illicit crypto transactions, the Department of Justice (“DOJ”) announced the creation of an enforcement team, the National Cryptocurrency Enforcement Team (“NCET”), on October 6, 2021.
In recent years, the data protection phenomenon that originated in Europe has swept across Latin America. Chile, the first country to enact a law on data protection in 1999, was swiftly followed by Argentina, Uruguay, Mexico, Costa Rica, Peru, Columbia, Brazil, and Panama.
Published in Latin Lawyer’s The Guide to Corporate Compliance, July 2021
On July 20, 2021, the Department of Homeland Security’s Transportation Security Administration (“TSA”) announced the issuance of a second Security Directive regarding further enhancements to pipeline cybersecurity (the “July Directive”).
V&E Cybersecurity & Data Privacy Update
Colorado is set to become the third U.S. state to pass comprehensive data privacy legislation.
V&E Cybersecurity Update
On June 4, 2021, the European Commission announced the definitive adoption and publication of revamped Standard Contractual Clauses (“SCCs”) for the transfer of personal data to third countries pursuant to the EU General Data Protection Regulation (“GDPR”).
V&E Cybersecurity & Data Privacy Update
On May 27, 2021, against the backdrop of the Colonial Pipeline cybersecurity incident, the Department of Homeland Security’s Transportation Security Administration (“TSA”) announced Security Directive Pipeline-2021-01 regarding enhancements to pipeline cybersecurity (the “Directive”).
V&E Cybersecurity & Data Privacy Update