Fintech

  • April 21, 2026

    Warsh Rejects Claim He'd Be Trump's 'Sock Puppet' At Fed

    Federal Reserve chair nominee Kevin Warsh sought at his Tuesday confirmation hearing to rebut Democratic accusations that he would be a White House "sock puppet," distancing himself from President Donald Trump's calls for rate cuts and downplaying their significance.

  • April 21, 2026

    Mass. Man Says Coinbase, Kraken Failed To Stop $500K Scam

    Cryptocurrency platforms Coinbase and Kraken failed to adequately protect a Boston man from a sophisticated "support" scam that led to the loss of $500,000, according to a lawsuit filed in Massachusetts state court on Tuesday.

  • April 20, 2026

    SEC, CFTC Propose Rules To Relax Private Fund Reporting

    The U.S. Securities and Exchange Commission on Monday proposed relaxing certain reporting requirements for hedge funds and other private fund advisers by allowing smaller firms to forego filing a disclosure used to monitor systemic risk and nixing some of its questions around volatility, event reporting and indirect exposure altogether.

  • April 20, 2026

    Swim Training Co.'s IPO Was Pump-And-Dump, Suit Says

    Singapore swim-school operator Fitness Champs Holdings Ltd. was hit with a proposed class action accusing it of concealing a social media-driven "pump-and-dump" scheme in which stock promoters posed as financial advisers to hype the stock through online forums, destroying the company's market capitalization after the shares were dumped.

  • April 20, 2026

    NFT Buyer Says Ex-Software Biz Orchestrated Token Rug Pull

    A purported blockchain technology platform faces proposed class action allegations it made millions off a so-called rug pull, introducing a series of nonfungible tokens and teasing a cryptocurrency offering that never materialized, then selling those tokens into the artificial market it created and abandoning the platform.

  • April 20, 2026

    9th Circ. Open To Reviving FCRA Suit Against Wells Fargo

    A Ninth Circuit panel appeared open Monday to reviving a proposed class action alleging Wells Fargo violated the Fair Credit Reporting Act by pulling credit reports after fraudsters opened illegitimate accounts, with one judge expressing concerns the dismissal was "jumping the gun" and another judge criticizing the ruling as ambiguous.

  • April 20, 2026

    CFPB's Layoff Bid Belongs Before DC Judge, Union Says

    A federal labor union pushed back Friday against a Consumer Financial Protection Bureau bid to proceed with a plan for shedding roughly half its remaining staffers, telling the D.C. Circuit that the agency's request should go first to the lower-court judge who froze layoffs there.

  • April 20, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week delivered another mix of procedural rulings, fiduciary duty disputes and deal litigation, highlighting both the court's gatekeeping role and its continued focus on stockholder rights and transactional fairness.

  • April 20, 2026

    Justices Cast Doubt On Effort To Limit SEC Disgorgement

    The U.S. Supreme Court on Monday questioned an attempt to limit the U.S. Securities and Exchange Commission's disgorgement powers, with conservative and liberal justices alike seemingly skeptical of the argument that the agency has to identify victims before it can demand the return of ill-gotten gains.

  • April 20, 2026

    Digital Assets, AI Pro Rejoins Cleary From Amazon

    Cleary Gottlieb Steen & Hamilton LLP announced on Monday that an alumnus of the firm who most recently worked as the head of responsible AI governance at Amazon has rejoined its ranks in New York.

  • April 20, 2026

    Justices Won't Hear 1st Circ. Escrow Law Preemption Case

    The U.S. Supreme Court said Monday that it will not review a First Circuit decision allowing Citizens Bank NA to be sued for allegedly failing to comply with a Rhode Island interest-on-escrow law, declining to wade again into a fight over national bank preemption.

  • April 17, 2026

    Polygon Says Ex-Execs Engaged In Self-Dealing

    Two former executives of artificial intelligence company Predicate Labs Inc. have been hit with a suit in Delaware Chancery Court alleging that following a $400 million acquisition of the company in 2021, the executives "began a campaign of self-dealings, intentional misrepresentation, deceptive inducement and willful breach."

  • April 17, 2026

    4 Firms Lead Kraken's $550M Buy Of Crypto Derivatives Biz

    Four firms including Haynes Boone and Jones Day guided Kraken's $550 million acquisition of regulated crypto derivatives exchange Bitnomial, according to a Friday announcement from Kraken.

  • April 17, 2026

    WDTX Jury Clears Bitcoin Mining Co. In Patent Suit

    A federal jury in the Western District of Texas let bitcoin mining company Riot Platforms off the hook Friday when it found the company didn't infringe a patent owned by Green Revolution Cooling Inc. covering ways to cool down electronics at data centers.

  • April 17, 2026

    SEC Brings Fraud Suit Over Bitcoin Latinum Crypto Offering

    The U.S. Securities and Exchange Commission on Friday brought a fraud suit over a crypto project known as Bitcoin Latinum, accusing its founder and affiliated business entities of bilking investors out of $16 million with false claims that the token would be insured and "asset-backed."

  • April 17, 2026

    CFPB Could Soon Issue Overhauled Small-Biz Loan Data Rule

    The Consumer Financial Protection Bureau is awaiting White House clearance to publish a final rule that would complete its revamp of small-business lender reporting requirements issued during the Biden administration, according to a new regulatory notice.

  • April 17, 2026

    GMO Trust To Pay $6.8M In Yen Stablecoin Loss Settlement

    GMO-Z.com Trust has agreed to pay $6.8 million to end a class action from buyers of the GYEN stablecoin who say they suffered losses when the coin was "de-pegged" from the Japanese yen, according to a motion for final settlement approval.

  • April 17, 2026

    Crypto Promoter Takes Plea In $45M CoinDeal Fraud Case

    A Las Vegas man agreed to plead guilty in Nebraska federal court to conspiracy to commit mail and wire fraud for his role in a $45 million CoinDeal investment fraud scheme, admitting that he controlled company bank accounts that took in approximately $14.2 million in investor money obtained through false promises of huge returns.

  • April 17, 2026

    Caitlyn Jenner's Crypto Token Isn't A Security, Judge Says

    A California federal judge has permanently tossed a proposed class action against Caitlyn Jenner over the $JENNER cryptocurrency token she created and promoted, finding that the digital assets in question are not securities.

  • April 17, 2026

    Fintech Founder Can't Stay SEC Fraud Case Amid Countersuit

    A fintech founder can't hit pause on U.S. Securities and Exchange Commission claims he defrauded investors in a special purpose acquisition company as another court weighs whether to toss his claims that the regulator sued him improperly during last year's government shutdown.

  • April 17, 2026

    Ill. Judge Sentences Texas Man To 23 Years For Crypto Scam

    A Texas man has been sentenced to 23 years in prison by an Illinois federal judge for stealing more than $20 million from investors through a cryptocurrency scheme in which he falsely claimed his so-called Meta-1 Coin was backed by $1 billion in fine art and $44 billion in gold.

  • April 16, 2026

    9th Circ. Judge Rips 'Sophistry' By Online Prediction Markets

    A Ninth Circuit judge appeared skeptical Thursday of requests by KalshiEX LLC, Crypto.com and Robinhood to block Nevada from enforcing state gambling laws against sports and election-related contracts, telling Robinhood's counsel "I don't buy" the companies' regulatory interpretation and slamming a Crypto.com argument as "sophistry to the nth degree."

  • April 16, 2026

    MoneyLion Hit With Wash. Class Action Over Referral Texts

    A program from fintech platform MoneyLion encouraging users to refer friends to the service has flooded Washington residents with unsolicited text messages in violation of the state's Commercial Electronic Mail Act, alleges a putative class action removed to Seattle federal court Wednesday.

  • April 16, 2026

    CFTC's Selig Pushes Back On Lawmakers' Staffing Concerns

    U.S. Commodity Futures Trading Commission Chair Michael Selig on Thursday dismissed lawmakers' concerns that his agency may be understaffed for a widening mandate that includes policing prediction markets, and insisted he won't delay rulemaking while he waits for the president to appoint other commissioners.

  • April 16, 2026

    Capital One Hit With Class Action Over Canceled Rewards

    Capital One has been hit with a proposed class action in Virginia federal court accusing it of unlawfully canceling billions of dollars in earned credit card rewards by unilaterally closing customers' accounts without cause.

Expert Analysis

  • Digital Assets May Be In For A Growth Spurt In 2026

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    All signs point to an acceleration in digital asset product and service innovation throughout 2026, and while questions of first impression still need to be addressed, some legal issues will be clarified, spurring developments namely on the tokenization and stablecoin fronts, say attorneys at Skadden.

  • Series

    Judges On AI: How Judicial Use Informs Guardrails

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    U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.

  • Crypto-Asset Strategy For Corporate Legal Leaders In 2026

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    As digital assets experience increased regulatory clarity, institutional adoption and technological maturity, in-house legal leaders must build strong policies this year and stay engaged with the evolving market to help their companies seize the opportunities of the digital asset era while managing the risks, say attorneys at Foley & Lardner.

  • Cybersecurity Must Remain Financial Sector's Focus In 2026

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    In 2026, financial institutions face a wave of more prescriptive cybersecurity legal requirements demanding clearer governance, faster incident reporting, and stronger oversight of third-party and AI-driven risks, making it crucial to understand these issues before they materialize into crises, say attorneys at Sidley.

  • 2026 Int'l Arbitration Trends: Next Steps In Age Of AI, Crypto

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    Parties' use of artificial intelligence and blockchain technologies will continue in 2026, and international arbitrators will be called upon to evolve by building expertise in blockchain functionality, cryptography and decentralized finance protocols, and understanding the power and limitations of large language models, say attorneys at Cleary.

  • Presidential Pardon Brokering Can Create Risks For Attys

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    The emergence of an apparent “pardon shopping” marketplace, in which attorneys treat presidential pardons as a market product, may invite investigative scrutiny of counsel and potential criminal charges grounded in bribery, wire fraud and other statutes, says David Klasing at The Tax Law Offices of David W. Klasing.

  • Series

    Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief

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    My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.

  • Series

    Law School's Missed Lessons: How To Start A Law Firm

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    Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.

  • 5 Compliance Takeaways From FINRA's Oversight Report

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    The priorities outlined in the Financial Industry Regulatory Authority's recently released annual oversight report focus on the organization's core mission of protecting investors, with AI being the sole new topic area, but financial firms can expect further reforms aimed at efficiency and modernization, say attorneys at Armstrong Teasdale.

  • How Payments Law Landscape Will Evolve In 2026

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    After a year of change across the payments landscape, financial services providers should expect more innovation and the pushing of regulatory boundaries, but should stay mindful that state regulators and litigation will continue to challenge the status quo, say attorneys at Troutman.

  • Series

    Hosting Exchange Students Makes Me A Better Lawyer

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    Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.

  • OCC's New Fee Clearance Shows Further Ease Around Crypto

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    The Office of the Comptroller of the Currency's recent holding that banks can use crypto-assets to pay certain blockchain network fees shows that the OCC is further warming to the idea that organizations are using new methods to do "the very old business of banking," say attorneys at Jones Day.

  • How A 1947 Tugboat Ruling May Shape Work Product In AI Era

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    Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.

  • Navigating Privilege Law Patchwork In Dual-Purpose Comms

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    Three years after the U.S. Supreme Court declined to resolve a circuit split in In re: Grand Jury, federal courts remain split as to when attorney-client privilege applies to dual-purpose legal and business communications, and understanding the fragmented landscape is essential for managing risks, say attorneys at Covington.

  • AG Watch: Calif. Fills Federal Consumer Protection Void

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    California's consumer protection efforts seem to be intensifying as federal oversight wanes, with Attorney General Rob Bonta recently taking actions related to buy now, pay later products, credit reporting and medical debt, consumer credit discrimination, and the use of artificial intelligence in consumer services, say attorneys at Cooley.

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