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06/14/2025

6/13/25: Weekly Recap of Headlines We Found Interesting

 
Secure Your Wealth
 
Are Stablecoins the Real Deal?
 
“Some of the biggest merchants are exploring how to issue or use stablecoins, potentially shifting the high volumes of cash and card transactions that they handle outside the traditional financial system and saving them billions of dollars in fees.  A move to launch crypto-based payments by Walmart or Amazon that bypasses the traditional payments system would send shivers through the nation’s banks and card-network giants.”
 
 
The Fashion Industry Gest Some Regulation, NY Style.
 
(h/t Ogletree)

Fashion week in NYC is September 2025 - there will be some lawyers and "fashion compliance" people hustling! An interesting piece of legislation recently became effective in New York that regulates activities of:
 
  • Model management companies (Agencies),
  • Their clients (the models), and
  • Hiring parties (the people who hire models for their advertising project)

It imposes various requirements to protect models in the fashion industry. Most of them are common sense codifications of good (and expected) practices.
That said, if I were an INFLUENCER, CREATIVE DIRECTOR or employed or represented models, I'd have a look at this - there could be traps for the unwary.

https://ogletree.com/insights-resources/blog-posts/the-new-york-state-fashion-workers-act-what-model-management-and-fashion-industry-companies-need-to-know/#:~:text=New%20York%20State%20has%20enacted,models%20in%20the%20fashion%20industry
 
Where are Estate Tax Returns (and Wealth) Coming From?
 
Lots of interesting (if unsurprising) data here on federal estate tax revenue by state. CA, NY, FL, and TX are bulky contributors.
 
Wyoming's average estate tax return filing generated ~$3M/return (69 returns filed), which signals its status as a popular new planning destination situs for the UHNW.
 
Tennessee's average estate tax return filing generated about ~$1M/return (434 returns).

*A reminder that the roughly $29.4B in revenue generated by the federal estate tax makes up about 0.58% of the federal tax revenue.
 

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