Fintech

  • June 02, 2026

    Iran's Biggest Crypto Exchange Hit With US Sanctions

    The U.S. Department of the Treasury's Office of Foreign Assets Control sanctioned Iran's largest crypto exchange and three other crypto platforms Tuesday for allegedly aiding the Iranian government and evading sanctions amid the Trump administration's efforts to put economic pressure on Iran.

  • June 02, 2026

    Digital Lender Forbright Launches Plans For $150M IPO

    Middle-market commercial lending digital bank Forbright on Tuesday launched plans to go public through an estimated $150 million initial public offering steered by Skadden Arps Slate Meagher & Flom LLP and Simpson Thacher & Bartlett LLP.

  • June 02, 2026

    SEC Floats Strategic Plan For Next Four Years

    The U.S. Securities and Exchange Commission on Tuesday said it plans to reevaluate how administrative proceedings operate and to write regulations governing the cryptocurrency industry, calling for public feedback as it put forth Chairman Paul Atkins' vision for running the agency over the next four years. 

  • June 02, 2026

    Entrata Sued Over Auto-Enroll Credit Reporting 'Junk Fees'

    A proposed class of tenants argued in a Colorado federal lawsuit that software company Entrata paid kickbacks to property management companies that enticed residents to pay monthly fees for a credit monitoring service called RentPlus.

  • June 02, 2026

    NY, EU Banking Agencies To Share Stablecoin Oversight Info

    New York's Department of Financial Services and the European Banking Authority said Tuesday that they plan to share information about their respective supervision, monitoring and investigations of stablecoin issuers and markets under a new memorandum of understanding.

  • June 02, 2026

    Kalshi Looks To Halt Minnesota Sports Prediction Market Ban

    Kalshi has moved to freeze the enforcement of a new Minnesota law barring prediction markets, telling a federal judge the company will face "acute" harm if it is unable to offer sports event contracts on its online platform.

  • June 02, 2026

    Texas Crypto Group Ordered To Halt Unregistered Token Sales

    The Texas State Securities Board announced it has entered an emergency order to halt a purported property group, its principals and an associated Texas resident from offering and selling unregistered and fraudulent tokenized real estate investments, saying the conduct "threatens immediate and irreparable public harm."

  • June 02, 2026

    Feds Scrub 'Reputation Risk' From Raft Of Banking Guidance

    Federal banking regulators said Tuesday that they are reissuing a slew of longstanding guidance documents to take out mentions of so-called reputation risk, the latest move in the Trump administration's push to eliminate bank examiners' use of the concept.

  • June 01, 2026

    Investors Say Overnight Crypto Founder 'Diverted' $12.5M

    A California federal judge on Monday dissolved a temporary order freezing $12.5 million in crypto at the center of a proposed class action from investors who claim the founder of crypto project Overnight "diverted" funds after promising them a share of control.

  • June 01, 2026

    UK Fintech OpenPayd To Go Public Via $1.15B SPAC Deal

    Allen Overy Shearman Sterling and Winston & Strawn LLP are steering a deal under which financial infrastructure platform OpenPayd will be acquired and taken public at an estimated equity value of $1.15 billion by Titan Acquisition Corp., a special purpose acquisition company purportedly focused on high-growth fintechs, the parties announced Monday.

  • June 01, 2026

    Ill. Swipe-Fee Law Blocked For Most Banks, Slated For Delay

    A Chicago federal judge ruled Monday that Illinois cannot enforce its landmark ban on tax-and-tip swipe fees against most banks, handing the banking industry a major legal win the same day that state lawmakers voted separately to delay the ban altogether until next year.

  • June 01, 2026

    Feds Must Share Info On Source Code They Say Was Stolen

    A New York federal judge on Monday denied a quantitative trader's bid to escape a charge of trade secret theft but granted his request for prosecutors to turn over information on the source code he allegedly stole.

  • June 01, 2026

    JPMorgan Defeats Suit Over Transaction Processing Patent

    JPMorgan Chase & Co. was able to dodge a suit accusing it of infringing a patent covering a way to process a financial transaction, after a Delaware federal judge agreed that the patent didn't pass the U.S. Supreme Court's Alice test.

  • June 01, 2026

    Justices Seek Feds' Input On Robinhood Investor Suit

    The U.S. Supreme Court on Monday asked the government to weigh in on a dispute between trading app operator Robinhood and investors who sued over the company's $2.1 billion initial public offering, as the high court considers whether to hear the case.

  • June 01, 2026

    White & Case Adds 6 Partners Across US, UK

    White & Case LLP announced Monday the addition of six new partners to multiple practice teams across the United States and the United Kingdom.

  • June 01, 2026

    TriZetto, Infosys Fight Each Side's CEO Deposition Bids

    Cognizant TriZetto Software Group and Infosys Ltd. have filed dueling motions to block depositions of each other's top executives in a trade secret lawsuit over allegations that Infosys misused confidential access to TriZetto's healthcare software to build competing products.

  • June 01, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week handled disputes involving merger litigation, startup financing battles, cryptocurrency contracts, investor oversight claims and corporate governance challenges, while also issuing notable rulings in cases tied to World Wrestling Entertainment Inc., cybersecurity company KnowBe4 Inc. and biotechnology firm Ayala Pharmaceuticals Inc.

  • May 29, 2026

    Binance Beats Claims It Helped Finance Hamas Terror Attack

    A D.C. federal judge on Friday dismissed claims by victims of the Oct. 7, 2023, attacks in Israel that corporate entities operating the Binance cryptocurrency exchanges helped the Islamic resistance movement Hamas carry them out by letting terrorist-linked users move money on their platforms.

  • May 29, 2026

    SEC Critic Pushes To Undo $31M Disgorgement Order

    A litigation group combating what it views as overreach by the U.S. Securities and Exchange Commission is backing a pair of microcap dealers' bid to undo their over $31 million disgorgement order, arguing that recent enforcement changes at the SEC have created "a one-way ratchet" harming small investors and entrepreneurs.

  • May 29, 2026

    Defamation Litigation Roundup: 'The Rip,' Lively, Justin Sun

    In this month's review of defamation fights, Law360 details a suit by a pair of Miami-Dade police officers over a movie starring Matt Damon and Ben Affleck that they said makes them seem like sleazy cops, as well as a case by a Trump family-backed cryptocurrency firm against Justin Sun.

  • May 29, 2026

    Chime Can't Dodge Class Action Over 'Refer-A-Friend' Texts

    A Washington federal judge on Friday declined to throw out a proposed class action accusing online banking company Chime Financial Inc. of violating state law through its refer-a-friend text messages, ruling that the marketing texts don't fall under an exception to Washington's Commercial Electronic Mail Act.

  • May 29, 2026

    CFTC Eyes US Perpetual Derivatives With Kalshi Approval

    The U.S. Commodity Futures Trading Commission on Friday took a leap forward in bringing so-called crypto perpetual derivatives to U.S. traders with a first-of-its-kind approval of Kalshi's bitcoin perpetual futures contract and no-action relief that allows Coinbase to connect U.S. customers with global offerings.

  • May 29, 2026

    Wis. Says CFTC Lacks Standing To Block Its Betting Regs

    Wisconsin told a federal judge on Friday that the U.S. Commodity Futures Trading Commission failed to specify injuries in a lawsuit seeking to block the state from regulating prediction market platforms, while also arguing against platforms' bid to intervene in the case.

  • May 29, 2026

    FDIC Reaffirms Ex-Bank CEO's Penalty After High Court Trip

    The Federal Deposit Insurance Corp. has again ordered an industry ban and $125,000 fine for a former Michigan bank CEO following a U.S. Supreme Court remand, finding his handling of a troubled borrower relationship still justified sanctioning him under a stricter legal standard.

  • May 28, 2026

    Kalshi Targets Minnesota Prediction Market Ban In New Suit

    Kalshi is taking aim at a Minnesota ban on prediction markets that it says would turn it into a felon for operating in the state, filing a suit that follows a similar bid by the U.S. Commodity Futures Trading Commission to block the state law.

Expert Analysis

  • 'A-C-T' Agenda Signals New Regulatory Era At SEC Speaks

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    At this year's SEC Speaks, U.S. Securities and Exchange Commission Chairman Paul Atkins unveiled his ambitious A-C-T agenda — advance, clarify and transform — to align the federal securities regulatory regime with modern markets, illustrating that the conference was not merely a status update but an action plan, say attorneys at Perkins Coie.

  • Opinion

    AI Presents A Make-Or-Break Moment For Outside Counsel

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    The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.

  • When Class Certification Issues And Crypto Nuance Collide

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    A New York federal court's recent ruling in In re: Tether and Bitfinex highlights that crypto companies should expect courts to apply conventional class action principles to novel digital asset markets, albeit with careful attention paid to the unique features of crypto trading, say attorneys at Duane Morris.

  • Series

    Watching Hallmark Movies Makes Me A Better Lawyer

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    I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.

  • NY Bill Elevates Criminal Risk For 'Shadow' Crypto Firms

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    New York's proposed CRYPTO Act would expose unlicensed digital asset operators to criminal penalties ranging from state misdemeanor charges to felony convictions, potentially marking a significant shift in how New York — already among the most aggressive crypto regulators — oversees virtual currency businesses, say attorneys at Crowell & Moring.

  • Opinion

    AI Doc Ruling Got Privilege Analysis Wrong

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    Broad reasoning used by a New York federal judge in U.S. v. Heppner — to determine the criminal defendant's interactions with a generative artificial intelligence platform were not protected — mistakenly treats AI use as dispositive disclosure to a third party and adopts an unduly narrow conception of work product, say attorneys at Lankler Siffert.

  • Stablecoin Yield Reform Raises Stakes For Community Banks

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    Risks for community banks are heightened by the Clarity and Genius Acts, which establish stablecoin market parameters and may lead to traditional bank fund withdrawals in the long term, but a recent Senate amendment to the former bill could prevent deposit runoff, says Thomas Walker at Jones Walker.

  • How DOJ's New Corporate Crime Policy Will Work In Practice

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    The upshot of the Justice Department's new corporate crimes enforcement framework is uniformity for self-reporting companies, but there is uncertainty around how it will be applied in interaction with the Southern District of New York's more lenient, yet unpredictable, financial crimes enforcement program, say attorneys at Cahill Gordon.

  • Agentic AI Use May Trigger Existing Consumer Finance Laws

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    As artificial intelligence agents interact more and more with payment systems, financial institutions should be cognizant of how existing consumer protection laws like the Equal Credit Opportunity Act apply when transactions are executed by automated systems rather than individuals, noting authorization and liability gaps, say attorneys at Sheppard.

  • SEC Guidance Further Solidifies Status Of Tokenized Assets

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    The U.S. Securities and Exchange Commission recently released a statement that tokenized securities are securities governed by traditional securities laws, representing continued regulatory clarity and the development of expanded technical standards and risk management guidelines that can only improve the long-term viability of financial markets, say attorneys at Barnes & Thornburg.

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • Opinion

    Clarity Act Would Clear Welcome Pathways For Blockchain

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    The framework proposed under the Senate Banking Committee's version of the Clarity Act creates reasonable compliance obligations and meaningful token-distribution opportunities that would open the door for more U.S.-based blockchain projects, without the heightened risk of securities litigation and regulatory enforcement, says Karen Ubell at Goodwin.

  • 6 Noteworthy Changes From SEC Enforcement Manual Update

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    Recent updates to the U.S. Securities and Exchange Commission’s enforcement manual represent a commitment to transparency and fair process, with the signature change being a requirement that staff make certain probative evidence available during the Wells process, say attorneys at Debevoise.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

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