Clauses articles
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FTC Bans Worker Noncompete Clauses
Millions of Americans could be impacted by a new decision to ban noncompete clauses.
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EigenLayer's airdrop disappoints through "non-transferable" clause
There is no doubt EigenLayer, and the “restaking” narrative it has introduced, has attracted a lot of attention. The protocol has absorbed over $15 billion in staked Ethereum and has become a major talking point. On Monday, the protocol released details on its eagerly anticipated token and airdrop.
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FTC bans employers from using noncompete clauses
The US Federal Trade Commission (FTC) has banned noncompete clauses in a move to "drive innovation" and protect workers' rights and wages, the regulator said in a press release. The new rule will free most new and current employees from such agreements, with the exception of "policy-making" executives earning more than $151,164 per year. "Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism," said FTC Chair Lina M. Khan. The agency estimated that the...