New York state legislation targets individualized pricing
New York Introduces Transparency Rules for Algorithmic Pricing
The most recent state budget in New York has introduced new rules requiring companies to disclose when they use personal information to determine individual pricing for customers—for instance, charging higher prices to those with a record of frequent spending.
Under these regulations, businesses that implement personalized pricing must inform consumers with a statement such as, “This price was set by an algorithm using your personal data,” as reported by The New York Times.
There is still uncertainty about how common this pricing strategy is among online sellers. According to a spokesperson from Uber, the company has begun displaying this notice to customers in New York. However, they criticized the legislation as “poorly drafted and ambiguous,” and emphasized that Uber’s dynamic pricing is based solely on location and demand, not on personal data.
Although the National Retail Federation attempted to block the law through legal action, a federal judge has permitted its implementation.
Lina Khan, who previously chaired the Federal Trade Commission and now serves as co-chair for Zohran Mamdani’s mayoral transition team, described the law to the NYT as an “absolutely vital” resource for government oversight. She also noted that much more needs to be done to effectively regulate personalized pricing practices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Today: Ethereum Faces $3,200 Test: Network Improvements Compete With Broad Market Downturn
- Ethereum (ETH) struggles near $3,200 as mixed technical signals highlight crypto market fatigue, with the 50-day EMA at $3,468 acting as key resistance. - A block gas limit increase to 60 million aims to improve scalability, but price remains anchored near $3,000 amid broader sector weakness and Bitcoin's failed 50-day EMA retest. - Elevated whale deposits and negative ETF flows signal deepening corrections, with Ethereum mirroring Bitcoin's bearish pattern and Solana's 20% TVL drop amplifying sector fra
XRP News Today: XRP's Upward Momentum Depends on Holding $2.10 Support Amid Emerging Structural Threats
- XRP surged 6.7% on Nov 25, 2025, trading between $2.195–$2.216 amid months of consolidation. - Technical indicators showed bullish patterns, including a V-shaped recovery and $5.12B trading volume signaling institutional interest. - Solana's $568M ETF inflows and XRP's derivatives activity highlighted shifting altcoin dynamics amid Fed rate cut expectations. - XRP faces $2.10 support test, with $2.30–$2.45 as key resistance, while structural risks like bearish moving averages persist.
LUNA Declines by 0.14% as Market Downturn Persists
- LUNA fell 0.14% on Nov 30 2025, extending its 82.52% annual decline amid crypto market weakness and structural shifts. - DTCC's tokenized collateral platform announcement highlights growing institutional blockchain adoption, though unrelated to LUNA's price action. - Tether's Uruguay exit due to energy costs and regulatory hurdles underscores operational challenges facing energy-intensive crypto projects. - Alt5 Sigma's leadership turmoil reflects governance risks in crypto firms, amplifying volatility c
Bitcoin Updates: Metaplanet Secures $130 Million Loan to Acquire Bitcoin, Pursuing 1% Supply Goal Despite Market Slump
- Metaplanet borrows $130M to buy Bitcoin , using BTC as collateral amid market downturn. - Funds will expand BTC holdings to 1% of total supply by 2027, mirroring Strategy’s approach. - Loan terms include floating rates and early repayment, with $2.7B BTC reserves as collateral. - Company also raises $135M via preferred shares, as Japan firms push crypto adoption. - Leaders remain bullish on long-term BTC value despite 20% unrealized losses and market volatility.
Trending news
MoreCrypto prices
More
