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May 06, 2026
Banks and fintechs continued to clash over whether crypto firms should be able to pay yield and rewards on stablecoins in competing comments on the Office of the Comptroller of the Currency's plans to implement the federal stablecoin law known as the Genius Act.
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May 06, 2026
Manhattan federal prosecutors said sentencing for the former chief revenue officer of the defunct cryptocurrency firm Celsius Network should reflect that the executive provided "substantial assistance" to the government as it pursued the conviction of Celsius' former CEO, who eventually pled guilty to misrepresentation and market manipulation charges.
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May 06, 2026
Individuals with $696 million in judgments against North Korea told a New York federal court that $71 million in crypto assets frozen following a hack they say was perpetrated by North Korea should remain frozen so they can collect on them.
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May 06, 2026
Special purpose acquisition company Drugs Made In America Acquisition Corp. has filed plans with U.S. regulators to merge with tech company Power Analytics Global Corp. in a deal with a target enterprise valuation of $1 billion for Power Analytics.
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May 06, 2026
An affiliate of hedge fund Elliott Investment Management LP — whose $5.9 billion bid for Citgo's parent company was accepted late last year — is denying the oil giant's allegations that it improperly exposed company secrets in an op-ed last month, telling a Delaware federal court it has every interest in ensuring the company's success.
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May 06, 2026
The U.S. Commodity Futures Trading Commission announced on Wednesday that it settled claims against a dual French and American citizen who it accused of trying to fraudulently control the treasury futures market.
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May 06, 2026
Federal prosecutors on Wednesday unveiled indictments outlining a massive insider trading scheme that allegedly netted tens of millions of dollars using nonpublic information about mergers and acquisitions worked on by some of the nation's biggest law firms.
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May 06, 2026
Communications software company Sefas Innovation Inc. has been hit with a proposed class action in Massachusetts federal court accusing it of failing to safeguard the data of its clients' customers from cybercriminals, resulting in a breach of its records in April.
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May 06, 2026
The U.S. Securities and Exchange Commission is preparing to rescind a Biden-era requirement that publicly traded companies disclose their greenhouse gas emissions, with staff informing the Office of Management and Budget this week of the planned rescission.
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May 05, 2026
A New York federal judge has ruled that investors in Argentine oil and gas exploration company YPF SA can use discovery obtained in a decade-long dispute against the country in a parallel $16 billion investor-state arbitration they plan to initiate, saying they had shown a "compelling need."
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May 05, 2026
A Phoenix federal judge on Tuesday barred Arizona officials from enforcing state gambling laws against federally regulated prediction market platforms in an order finding that the federal government is likely to succeed on claims that the event contracts at issue are swaps beyond the reach of state regulators.
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May 05, 2026
Attorney Marcus J. Williams joined Kilpatrick Townsend & Stockton LLP's Seattle office as a partner in its financial institutions team, the firm announced Tuesday, saying the hire from Buchalter PC would help bolster Kilpatrick's growth in the Pacific Northwest and Intermountain Region.
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May 05, 2026
A California financier Tuesday denied allegations in a $100 million fraud lawsuit over a "sham" loan transaction aimed at funding an investment into an artificial intelligence company, adding that the dispute belongs in arbitration in the Bahamas.
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May 05, 2026
Bankrupt cryptocurrency exchange Bittrex urged a Seattle federal judge to toss a $24 million judgment entered as part of a 2023 settlement with the U.S. Securities and Exchange Commission, arguing that the agency has since done an "about-face" on crypto and abandoned its position that digital tokens are securities.
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May 05, 2026
The D.C. Circuit has dinged the U.S. Securities and Exchange Commission for failing to adequately explain why it denied a whistleblower award to an anonymous individual who brought forth information leading to a successful enforcement action, ordering the commission to reconsider whether it was in the public interest to deny the man's claim.
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May 05, 2026
Santander Bank and its investment adviser unit have sued a former employee, alleging that he improperly wooed away the vast majority of his clients when he decamped for a competitor.
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May 05, 2026
BlackRock and State Street have further urged a Texas federal judge to trim down antitrust claims from Republican state attorneys general accusing the asset managers of driving up coal prices, arguing that the chain from their investment activity to retail electricity prices "stretches through multiple intervening markets and countless nonparties."
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May 05, 2026
Amylyx Pharmaceuticals and a class of shareholders are seeking judicial approval for a $6.5 million settlement to resolve allegations that the drugmaker overstated the commercial potential of a treatment for amyotrophic lateral sclerosis, or ALS, that was ultimately shelved.
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May 05, 2026
Five banking groups say proposed language governing interest and rewards payments on stablecoins, intended to advance a bill to regulate crypto markets, "falls short," while the lawmakers behind the proposal say they've worked directly with banks for months to "encourage compromise."
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May 05, 2026
Bullish said Tuesday it has agreed to acquire Equiniti in a $4.2 billion transaction steered by three law firms, as the institutional digital asset platform aims to create a global transfer agent for tokenized securities.
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May 05, 2026
The U.S. Securities and Exchange Commission on Tuesday lifted a lifetime ban preventing a New York attorney from practicing before the agency, following an attempt to leverage a client's testimony before the SEC.
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May 05, 2026
The U.S. Department of Justice has asked a Washington, D.C., federal judge to vacate his decisions that blocked subpoenas from its now-closed criminal investigation into Federal Reserve Chair Jerome Powell, arguing that the slate should be wiped clean on mootness grounds.
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May 05, 2026
The U.S. Securities and Exchange Commission on Tuesday proposed a regulation that will allow publicly traded companies to report their earnings every six months instead of every three, a policy championed by President Donald Trump for years and one that SEC leadership hopes will encourage more initial public offerings.
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May 05, 2026
Transocean Ltd. disclosed Tuesday that the U.S. Department of Justice Antitrust Division was scrutinizing its plan to acquire rival Valaris Ltd. in an all-stock deal valued at about $5.8 billion, pausing the combination of two of the largest offshore drilling fleets into a $17 billion operator.
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May 04, 2026
The U.S. Securities and Exchange Commission told a New York federal judge Monday it has agreed to dismiss its parallel civil enforcement action against Iconix Brand Group's founder who was accused of falsely inflating revenue by $11 million to meet earnings targets and had his conviction overturned by the Second Circuit.