Starting with legislation signed by New York then-Governor Andrew Cuomo in 2022, eleven states have enacted “Firearms Industry Responsibility Acts.” The statutes subject firearms retailers and manufacturers to tort lawsuits for any action that is not “reasonable.” The National Shooting Sports Foundation, the trade association for the firearms industry, filed a facial challenge, arguing that the statute was void for vagueness. The Second Circuit disagreed, pointing out that “reasonable” is used as a legal standard in many contexts. National Shooting Sports Foundation v. James, 144 F.4th 98 (2d Cir. 2025). But what does “reasonable” mean in the new liability acts?…

Better Mortgage and Coinbase have made their Bitcoin-backed mortgage product generally available, allowing US homebuyers to pledge Bitcoin as collateral for a down payment without selling it, the companies announced Wednesday.According to Coinbase’s Help Center, the product pairs a Fannie Mae-backed home loan with a separate down payment loan secured by Bitcoin (BTC). Borrowers must pledge BTC worth at least 250% of the down payment loan, with the pledged BTC transferred to Better’s custodial account on Coinbase Prime.The two loans carry the same interest rate and amortization term and are repaid through a single monthly payment, Coinbase said. The pledged BTC is…

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