Update May 27 at 2:00PM (ET): According to several sources, the issue isn't with the Dolphin Emulator per se, but rather the fact that the Dolphin team includes the Wii decryption key, aka: Wii common key, with their releases of Dolphin. This is obviously a big "no-no" as those are Nintendo property and are used to break DRM for Wii titles.
You can see at least one take on this from Modern Vintage Gamer on YouTube starting at...