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President Franklin D. Roosevelt once noted: “The only thing to fear is fear itself ... ”[1]  Apparently, some in the federal government no longer share this belief.  In a recent Investor Bulletin[2] (“Bulletin”), the Securities and Exchange Commission (SEC) Office of Investor Education and Advocacy

WASHINGTON, D.C. — Nelson Mullins Riley & Scarborough’s federal lobbyists have provided pro bono legal services to countless clients over the years. The firm has supported its attorneys and policy advisors in serving their communities and fulfilling their professional and ethical responsibilities by

After shutting down for much of 2020 to protect public safety during the COVID-19 pandemic, courts across the country have slowly and cautiously reopened their courtrooms in 2021 to hold virtual and in-person trials in an effort to break the logjam of their ever growing caseloads. Nelson Mullins has

Reprinted with permission from Lead1 Association IntroductionThe world is scrambling to deal with the COVID-19 pandemic on multiple fronts. Here in the United States, we are living under a national emergency as designated by the President, and multiple cities and states have also declared a state of

All of us are quickly adapting to a new norm. Many are working from home. Meanwhile, courts across the country have restricted access to the public, including attorneys. This has led to an influx of court proceedings being conducted telephonically or through use of video-conferencing applications. S

As the COVID-19/Coronavirus pandemic continues to impact our economy and everyday life, the construction boom Orlando was experiencing has been dramatically affected with major entities like Walt Disney World halting construction operations just last week, among others. As the news changes by the ho

In response to the COVID-19 outbreak, more than 30 states have issued executive orders requiring citizens to stay home and shuttering non-essential businesses.  (Check out Nelson Mullins’ prior coverage of these orders here.)  Though South Carolina Governor Henry McMaster has not issued an order req

Jason M. Murray practices in the area of franchise and distribution law and provides counsel and assistance with creating, managing, licensing, protecting, and enforcing franchised business relationships, product distribution systems, and dealership networks. His franchise and distribution law pract

Update: On January 13, 2026, Governor Hochul outlined a number of AI-related initiatives and other data protection measures in her State of the State address. The Governor highlighted previous efforts, including "multiple first-in-the-nation laws to keep kids safe on social media, regulate fron

UPCOMING EVENTSApril 27 Thinkers Lunch featuring Carter Wrenn and Gary Pearce / Insights and Observations on the State's Current Political LandscapeMay 6 North Carolina Chamber Government Affairs ReceptionMay 14 The Carolina Journal Poll – May Presentation (Dinner)May 18 Thinkers Lunch: A Look a

Summary: AI has transformed wire‑fraud schemes into highly sophisticated, nearly undetectable attacks. Attackers now mimic writing styles, documents, and verification steps with precision. Speed is critical for recovering funds; best practices include coordination with banks, law enforcement, a

Update: On January 13, 2026, Governor Hochul outlined a number of AI-related initiatives and other data protection measures in her State of the State address. The Governor highlighted previous efforts, including "multiple first-in-the-nation laws to keep kids safe on social media, regulate fron

The Inflation Reduction Act of 2022 (IRA) signifies a turning point in domestic efforts to tackle climate change. Within the multibillion-dollar package are robust investments in climate mitigation initiatives, such as production tax credits, investment tax credits for battery and solar cell manufac

GOVERNOR SIGNS MEDICAID EXPANSION INTO LAWOn Monday afternoon, Governor Roy Cooper signed into law the legislation expanding Medicaid. When this law is finally put into effect, Cooper predicted that it would become “the working families bill of the decade.” With the bill's passage, according to

The Department of Education announced the application and disbursement process for the Governor’s Emergency Education Relief (“GEER”) Fund on April 14, allocating nearly $3 billion in emergency education block grants to governors across the nation. The GEER Fund is one of three accounts that compris

The Inflation Reduction Act of 2022 (“IRA”) signifies a turning point in domestic efforts to tackle climate change. Within the multibillion-dollar package are robust investments in climate mitigation initiatives, such as production tax credits, investment tax credits for battery and solar cell manuf

The Inflation Reduction Act of 2022 (IRA) signifies a turning point in domestic efforts to tackle climate change. Within the multibillion-dollar package are robust investments in climate mitigation initiatives, such as production tax credits, investment tax credits for battery and solar cell manufac

This is part of a series from Nelson Mullins' AI Task Force. We will continue to provide additional insight on both domestic and international matters across various industries spanning both the public and private sectors.On Oct. 30, 2023, President Biden issued an Executive Order on the Safe, S

GAMBLING PROPOSAL DEBATEDIf a proposal to dramatically increase gambling in North Carolina is to become law this year, it must be included in the new state budget that lawmakers hope to pass next week, said Senate leader Phil Berger (R-Rockingham) on Thursday.However, House Speaker Tim Moore (R-Clev

Like Zeus unleashing the Kraken in Clash of the Titans,1 the U.S. Securities and Exchange Commission (SEC) has unleashed the Kraken (not the digital asset company) to unleash havoc on Genesis Global Capital LLC (Genesis) and Gemini Trust Company LLC (Gemini). The monster unleashed by the SEC is the

In his famous 2018 speech, William Hinman, Digital Asset Transactions: When Howey Met Gary (Plastic) (1), the Director of the U.S. Securities and Exchange Commission (“SEC”), asked: "Can a digital asset that was originally offered in a securities offering ever be later sold in a manner that doe

MEDICAID EXPANSION TO BEGIN DECEMBER 1In North Carolina, Medicaid expansion will go into effect on December 1 and provide hundreds of thousands of the state's working poor with nearly free health insurance.The state and the federal government are currently working out the specifics of the initia

This is the third installment of our series1 evaluating the choice between starting a “new” bank through the de novo chartering process or purchasing an existing bank to implement the new business plan. Since we first wrote on this topic, we have been fortunate to assist a number of clients in formi

The popularity of cryptocurrency exploded in 2021 and consumer interest continues to grow. One prospect of particular interest for investors is the use of cryptocurrency in the gaming industry, and for sports betting in particular.1 State legislators, regulators, and gaming operators are thus far ta

Cash was king. If there was any moment for the gaming world to make a definitive shift of transaction paradigms, the last two years’ rapid transition into a cashless and touch-free world may be it. The pandemic forced even the staunchest luddites to learn how to operate QR codes and adopt alternativ

The COVID-19 pandemic has wreaked havoc on industries across the globe. Emergency and shelter-in-place orders designed to slow or stop its spread have disrupted peoples’ lives and livelihoods. Non-essential businesses across the country have been forced to close. These restrictions have impacted eve

On Friday, April 3, 2020, eligible lenders began accepting applications for loans under the $349 billion Paycheck Protection Program, the cornerstone lending program under the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, the $2.2 trillion stimulus package signed into law on

The U.S. Treasury and the Board of Governors of the Federal Reserve Board announced yesterday the interim details of the $600 billion Main Street Lending Program which will provide financial support in the form of four-year loans to businesses employing up to 10,000 employees or with revenues of les

As has been the trend for some time now, organizations across all industries and sectors are increasingly at risk of being targeted by bad actors online. Now, the adage espoused by IT security professionals is to prepare for when, not if, a cyberattack will occur. To that end, organizations of all t

UPCOMING EVENTSMay 13, 2025NC Chamber Business Summit on Mental HealthMay 16, 2025NC Leadership ConferenceJune 5, 2025Triangle Business Journal 2025 State of Health Care in the TriangleJuly 16-July 28, 2025North Carolina Healthcare Association Summer MeetingLEGISLATIVE NEWSCROSSOVER DEADLINEState la

A growing contingent of states is pursuing legislation prohibiting forms of sweepstakes gaming. In late June, California legislators introduced a bill, AB-831, that would prohibit the operation of gambling-themed sweepstakes games in the state.[1] AB-831 was advanced by the California Senate Governm

Last week, the EEOC released updated guidance on how employers should manage employees’ religious objections to COVID-19 vaccine requirements. In light of this update, employers should take careful note to revise their existing policies and approaches to handling employees’ religious objections to v

In a case watched by companies that offered and sold digital assets1 Federal District Court Judge Paul Barbadoro recently granted summary judgment for the Securities and Exchange Commission (“SEC”) against LBRY, Inc.2 This case is seen by some as a canary in the coalmine in that the decision support

After years of negotiations and pressure by stakeholders, the Massachusetts House and Senate recently passed House Bill 5164 (H.5164) which would legalize sports betting in the Commonwealth.  Instead of crossing state lines to place bets in Rhode Island or Connecticut, Massachusetts residents are on

2022 marks 40 years since Vincent Chin’s brutal murder.[1] The legal injustice that ensued from Chin’s death compelled the Asian American community into action and served as the impetus for Asian American activism. The FactsIn the 1980s, anti-Asian rhetoric was on the rise due in large part to the d

Stablecoins are rapidly reshaping the financial landscape both in the U.S. and internationally. As adoption accelerates, so does the urgency to clarify the legal and regulatory frameworks governing stablecoin activity. Recent legislative and regulatory developments, including the GENIUS Act, signal

As we turn to a new year, my wife and I like to reminisce about our best days and milestones of the prior year (for 2023, it was a huge celebration with our best friends for my wife’s birthday, an epic bike ride with our kids on a beautiful day in Kiawah, and seeing “the Boss” in concert in Greensbo

BLUE CROSS DEREGULATION BILL ADVANCESThe General Assembly passed a bill on Tuesday with strong, bipartisan support that would grant the state's largest insurer new freedom to acquire other businesses without requesting permission from state regulators.Blue Cross Blue Shield of North Carolina say

This week the U.S. Small Business Administration (SBA) released updated Paycheck Protection Program (PPP) interim final rules which incorporate new requirements imposed by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “Economic Aid Act” or “EAA”). In addition to modi

NOTE: Both the North Carolina House and Senate are scheduled to be on break during the week of July 3; therefore, the Old North State Report and bill tracking charts will not be transmitted on Friday, July 7. Publication will resume on Friday, July 14.NORTH CAROLINA’S BUDGET STILL A WORK IN PROGRESS

New data published by the Centers for Disease Control and Prevention (“CDC”) indicates that the divide between rural and urban areas in COVID-19 primary vaccination coverage has more than doubled in under a year. In April 2021, urban areas had 46% primary vaccination coverage among people aged 5 yea

Millions of businesses received hundreds of billions in forgivable loans under the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) and the Paycheck Protection Program (PPP). These forgivable loans allow businesses to make payroll and pay certain other operating expenses during the

The COVID-19 related stimulus bill (Coronavirus Aid, Relief, and Economic Security Act or CARES Act) provides relief to the banking industry directly. The CARES Act authorizes guarantees of bank-issued debt and noninterest-bearing transaction deposits, changes the community bank leverage ratio from

UPCOMING EVENTSMarch 31, 2025IIANC Thinkers Lunch: What Do Voters Want?April 1, 2025Wake County Bar Association April Luncheon – RaleighApril 8, 2025NC Chamber Spring Member Roundtable - RaleighApril 14, 2025Raleigh Chamber Business After Hours - RaleighNOTE:  We could sponsor a future Business Afte

Paycheck Protection Program Loan Forgiveness ApplicationThe SBA’s form Loan Forgiveness Application was released Friday, May 15, 2020.  As was the case with the PPP application, each lender may use their own version of the application, including via online application. Remember that under the terms

The Federal Reserve, SBA, and FDIC have taken action to combat the negative economic effects of Coronavirus (COVID-19). Below is a summary of the measures the Federal Reserve, SBA and FDIC have adopted.Federal ReserveOn Monday, March 23rd the Federal Reserve announced extensive new measures across t

Conditions have certainly changed since we last evaluated the choice between starting a “new” bank with a de novo charter versus purchasing an existing bank to implement the “new” bank’s business plan. When we wrote our first Build or Buy article in the fall of 2019, the economy was still riding a s

The Consumer Financial Protection Bureau (“Bureau” or “CFPB”) Taskforce on Federal Consumer Financial Law (“Taskforce”) released a two-volume report, on January 5, 2021, providing an examination of the existing legal and regulatory environment facing consumers and financial services providers. Withi

The “Families First Coronavirus Response Act” (HR 6201), (the “Act”) signed into law by President Trump on March 18, 2020, mandates paid emergency sick leave and paid emergency family leave for certain employees affected by the COVID-19 coronavirus (the “Paid Leave Mandate”). The Act also provides d

By: Craig Nazzaro, Neil Grayson and Brad RustinOn March 29, 2021, the primary federal bank regulators (the Federal Reserve, CFPB, the FDIC, the NCUA, and the OCC) issued a request for information to gain input on the growing use of Artificial Intelligence (“AI”)  by financial institutions.  Recogniz

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