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Fed 'Racing' To Hit Genius Act Rules Deadline, Warsh Says

A man behind a sign reading Kevin M. Warsh in a suit gestures as he speaks, with other men in suits sitting in the background

By Jon Hill

Federal Reserve Chair Kevin Warsh told lawmakers Tuesday that the central bank is "racing" to meet a looming deadline for drafting certain rules required by the Genius Act, the landmark stablecoin law that other federal regulators have already proposed regulations to implement.


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Top Stories
  • A man and a woman running a booth with informational documents and two large signs, one reading No Data Center and the other reading You Can't Drink Data
    NY Gov. Signs Data Center Moratorium Executive Order

    By Isaac Monterose

    New York Gov. Kathy Hochul has signed an executive order that blocks any new hyperscale data center projects fro...(read more)

  • A white sign with the BP logo, a sunburst rendered in green, yellow and white.
    5th Circ. Undoes BP Retirees' Pension Info Suit Win

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  • Albertsons Probed On Pharmacy Compliance Staffing At Trial

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    Two former Albertsons pharmacy compliance executives testified in video depositions played Tuesday before a Washington judge considering whether Albertsons failed to prevent the diversion of opioids in the state, acknowledging the nationwide compliance team consisted of just six staffers between 2015 and 2020 despite heightened scrutiny amid the opioid epidemic.

  • White House Unveils New AI Cybersecurity Clearinghouse

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    The White House has launched a clearinghouse for both the government and the private sector that's aimed at identifying and patching cyber vulnerabilities using artificial intelligence, according to an announcement made Tuesday.

  • Silicon Valley Bank Ignored BlackRock's Advice, Judge Hears

    By Bonnie Eslinger

    Silicon Valley Bank disregarded advice from BlackRock's investment advisory firm suggesting the bank reduce the amount of its long-term mortgage-backed securities, the bank's former treasurer acknowledged Tuesday under questioning from a California federal judge during a bench trial over the Federal Deposit Insurance Corporation's claim SVB mismanaged its assets before its 2023 collapse.

  • 3 Int'l Arbitration Trends To Watch: Midyear Report

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    With the latter half of 2026 in full swing, experts tell Law360 that artificial intelligence remains top of mind. As its usage becomes ever more ubiquitous, the trends they're seeing aren't about how it's changing the way lawyers work, but rather how it's leading to three related trends: disputes from the AI buildout, changes to arbitral rules, and an increase in award challenges.

  • DOJ Drops Trade Secrets Case Against DuPont Rival Mid-Trial

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    Just a few days into the start of a monthlong trial, the U.S. Department of Justice has dropped its 15-year-old criminal espionage case alleging a group of related Chinese steel companies stole DuPont Co. trade secrets for creating titanium dioxide.

  • 9th Circ. Erases Comet's $40M Trade Secret Verdict

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    A split Ninth Circuit panel on Tuesday overturned Comet Technologies USA's $40 million trade secret verdict against XP Power and ordered a new trial, holding in a precedential decision that the jury was wrongly instructed that XP had to prove Comet's claimed secrets could have been lawfully discovered or reverse-engineered.

  • 4th Circ. Sends $166M Arbitral Judgment Back To Trial Court

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    The Fourth Circuit ruled Tuesday that a trial court must determine if a $166 million arbitral award against convicted insurance mogul Greg Lindberg can stand under North Carolina law, reversing a lower court's confirmation of the award under the Federal Arbitration Act.

  • 3rd Circ. Revives Providers' Underpayment Suit Against Cigna

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    The Third Circuit partially revived several New Jersey-based healthcare practices' Employee Retirement Income Security Act suit alleging Cigna improperly underreimbursed them for covered healthcare services provided to Cigna's subscribers, ruling Monday the plaintiffs sufficiently alleged they were underpaid for some out-of-network services when compared to their normal charges for similar services.

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  • Navistar And Truck Co. Debate Contract In $16M Trial Closings
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Expert Analysis

  • Steven Schwinn
    Future Of Fed Independence Shaky After Justices' Ruling
    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the pre... (read more)
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    PacifiCorp Ruling Shows Limits Of Aggregate Wildfire Loss Models
    An Oregon appeals court's recent decision in James v. PacifiCorp illustrates that in litigation involving multiple wildfires, materi... (read more)
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    While the U.S. Supreme Court’s recent ruling in Monsanto v. Durnell forecloses the failure-to-warn theory that carried most of the c... (read more)
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    With its June 23 decisions in Cisco Systems Inc. v. Doe and Landor v. Louisiana Department of Corrections and Public Safety, the U.S... (read more)
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