Arseny Shevelev and Georgy Shevelev
Arseny Shevelev and Georgy Shevelev
by Hailey Cummiskey
Louisiana residents need not be tech-savvy to be familiar with LA Wallet, a fairly new application for both Apple iOS and Android that is now a lawful form of identification in the form of a digital driver’s license. The app’s origins can be traced to 2016, when Louisiana State Representative Ted James introduced House Bill 481, which the Louisiana legislature passed with Act 625, making Louisiana the first state to offer a legal, digital driver’s license. Developed in 2018 primarily by the Louisiana Office of Technology Services and the Office of Motor Vehicles in partnership with Envoc, the LA Wallet app is a convenience to citizens and law enforcement alike, with over 1.4 million active users to date— nearly a quarter of Louisiana’s total population. Gone are the days of not being able to walk into a bar because of the common slip up of leaving a wallet at home or losing a purse. So long as the patrons have their phone on their person, vendors can simply use LA Wallet’s “real-time age verification” instead of turning them away for forgetting to bring their license. Further, the Louisiana State Police accept LA Wallet as valid proof of licensure, saving Louisiana drivers from having to scramble around their cars for an ID. Recent expansions of LA Wallet’s reach, however, raise some concern about the safety of personal information contained in the app, particularly within the realm of online pornography.
By Luke A. Dupré
Louisiana’s rich colonial history has impressed its mark upon all societal institutions within the far reaches of the state’s boundary lines. From the story of the Acadian journey from Nova Scotia to the times of early French and Spanish possession, the early history of Louisiana has shaped one institution in particular—the law. One of those early impressions which the state cannot seem to function without is a deference to the City of New Orleans in all aspects of law and governance. The special treatment of New Orleans is a recurring theme which can be found throughout all sources of Louisiana law. The most troubling form of that extraordinary treatment is the constitutional amendment—an instrument which alters the sacrosanct language of the state’s governing document.
On November 8, 2022, voters arrived at the polls to cast their ballots and were confronted with a proposed constitutional amendment which essentially would have imposed a cap on the increase of assessed value of residential property in Orleans Parish. The reason for the proposal was simple: proponents believed that the assessed values in Orleans Parish were rising too fast. Indeed, recent times have brought about surges in property values to many regions of the state. Underlying these two simple assertions about rising property values is a simple polarity: Orleans Parish, which seeks to alter the playing field for itself, and those other sixty-three parishes which feel comfortable working under the legal construction binding upon all others within Louisiana. This Blog Post argues that the constitutional exemptions, exceptions, and privileges given to Orleans Parish should be cautioned against and perhaps cast aside at the next constitutional convention.
By Jay Newman
The Futures Exchange (FTX), a cryptocurrency exchange platform, strutted onto the crypto scene in early 2021 and launched a large marketing campaign that featured flashy commercials and a host of celebrities. In one such commercial, NFL superstar quarterback, Tom Brady, uses a flamethrower to melt a block of ice that appears to be about five feet tall, in order to obtain a similarly sized Bitcoin token. While melting said ice boulder, NFL superstar quarterback, Tom Brady, informs the audience, presumably much to their relief, that they need not obtain a flamethrower to get Bitcoins. Instead, he says, it is as easy as downloading the FTX app. However, and most unfortunately, there will likely not be a 2023 sequel to this commercial in which NFL superstar quarterback, Tom Brady, informs the audience that getting their money out of FTX is just as easy as putting it in. This is because a more apt celebrity for the flamethrower commercial would have been Butner Federal Correctional Complex superstar financier, Bernie Madoff.
Despite being run by a relatively young man who looks like he lives in his mom’s basement and sustains himself with a diet consisting of only Bagel Bites and Mountain Dew Code Red, Sam Bankman-Fried, FTX managed to garner assets and liabilities each in the range of $10–50 billion. However, in early November of 2022, it was reported that Bankman-Fried’s quantitative trading fund, Alameda Research, was heavily invested in the FTX native coin, the FTX Token (“FTT”). This raised concerns about the solvency of both FTX and Alameda Research because FTT is not a fiat currency or cryptocurrency supported by an outside entity. This means that FTT does not hold value independently of FTX, and, thus, the finances of FTX and Alameda Research were deeply intertwined, and the demise of one of the organizations would doom the other. To put it simply, FTT was to Alameda Research and FTX what hydrogen was to the Hindenburg and vice versa.
Elizabeth X. Tang
Hunter F. Iannucci