North America

312 briefs · 2 new

CFTC approves bitcoin perpetual contract as futures, requires Regulation 40.3 review for all other perpetual listings

KalshiEX must operate BTCPERP under full CEA and CFTC compliance; all other DCMs must obtain separate Regulation 40.3 approval before listing any perpetual contract on assets outside the Order.

OFAC removes 76 outdated SDN entries — first wave of sanctions modernization effort

Sanctions screening teams must update SDN lists for OFAC's 76-entry modernization removal effective 28 May 2026

OFAC adds Francesca Paola Albanese to SDN List under EO 14203 (ICC-related)

US persons must block all transactions with the SDN-listed individual; US service providers must screen before engaging or paying her

US Customs and Border Protection pays $20bn and schedules $65bn IEEPA tariff refunds after Supreme Court strikes down tariffs

Importers that paid IEEPA tariffs must submit CAPE refund claims or file protests within statutory deadlines to recover duties; treasury and tax teams must process $85bn in refunds plus interest

OFAC adds PERSIAN GULF STRAIT AUTHORITY to SDN List under EO 13224 (IRGC-linked)

US persons must block PERSIAN GULF STRAIT AUTHORITY and any entity 50%+ owned by it; non-US financial institutions and maritime operators face secondary-sanctions exposure under EO 13224 §1(b)

FMCSA restricts non-domiciled commercial driver licences

State licensing agencies must pause or deny non-domiciled CDL issuance unless applicants hold H-2A, H-2B or E-2 status

USCIS restricts adjustment of status to extraordinary circumstances

Adjustment applicants must generally use consular processing unless extraordinary circumstances apply

HHS extends Ebola entry suspension to green card holders

U.S. admission officials must apply the 21-day Ebola travel restriction to lawful permanent residents

US Supreme Court expands Title III liability for confiscated Cuban property

Cuba-linked operators must treat use of confiscated property as Title III liability exposure

US Supreme Court permits later actuarial assumptions for withdrawal liability

Multiemployer pension plans may use post-date actuarial assumptions if they satisfy ERISA’s best-estimate standard