Fintech

  • July 28, 2026

    Senators Urge CFTC Rule Slowdown Over Tribal Concerns

    Leaders of the U.S. Senate Indian Affairs Committee are urging the U.S. Commodity Futures Trading Commission to extend the public comment deadline for its proposed rule that could govern the way the agency oversees prediction markets, saying it's critical that Indigenous nations have time to evaluate its effects.

  • July 28, 2026

    DOJ Drops Charges In $722M 'BitClub' Crypto Ponzi Case

    The U.S. Department of Justice and federal prosecutors in New Jersey have dropped their case against Matthew Goettsche, who was formerly accused of originating a $722 million cryptocurrency fraud scheme for which several of his alleged co-conspirators have already pled guilty.

  • July 28, 2026

    Fish & Richardson Slams IP DQ Bid As Possibly Manufactured

    LVMH urged a Texas federal court to reject a bid to boot Fish & Richardson PC from defending the luxury goods business against an infringement lawsuit over patents for nonfungible token display technology, saying the company behind the suit may have tried to "manufacture" a conflict to disqualify the firm.

  • July 27, 2026

    Minn. Prediction Market Ban Gets Temporarily Blocked

    A Minnesota federal judge on Monday issued a temporary injunction blocking the state's first-of-its kind law banning prediction markets, ruling that the state likely overstepped its authority just days before the measure was set to take effect.

  • July 27, 2026

    NY AG Says States Must Have Power To Police Crypto, Ethics

    New York Attorney General Letitia James called on federal lawmakers Monday to amend a pending proposal to regulate crypto markets to give states more latitude to protect consumers, go after scammers and hold government officials like the president accountable for profiting from the industry.

  • July 27, 2026

    FTX's $1.8B Clawback Suit Against Binance, Zhao Can Proceed

    A Delaware federal bankruptcy judge has allowed FTX's bankruptcy estate to continue to try to claw back a $1.76 billion payment to the cryptocurrency platform though she trimmed certain claims.

  • July 27, 2026

    Kalshi Seeks To Keep Operating In Wash. Pending Appeal

    Kalshi has urged a Washington judge to pause a recent order granting the state attorney general's bid to preliminarily enjoin the prediction market platform from operating within the state, saying the injunction causes Kalshi to face a "'Hobson's choice' between state enforcement and its federal duties."

  • July 27, 2026

    Kalshi To 'Geofence' Nevada After Regulators Expose Gap

    Kalshi will implement additional tech tools to block Nevada users from its platform or face daily six-figure fines after the state's gambling regulators showed they could still place trades in the state despite a standing court order barring the prediction market platform from serving Nevada residents.

  • July 27, 2026

    NY AG Urges 2nd Circ. To Deny Kalshi Sports Bet Ban Shield

    New York regulators urged the Second Circuit to deny Kalshi's request for an emergency order that would allow the prediction market company to continue conducting business in New York while its challenge to the state's gambling laws is resolved, arguing the company's operations are both prohibited and predatory.

  • July 27, 2026

    Crypto Hedge Fund Manager Gets 3 Years For Tax Evasion

    A crypto hedge fund manager who renounced his U.S. citizenship and moved to the Cayman Islands was sentenced to over three years in prison for tax evasion, the U.S. Attorney's Office for the Western District of Texas said Monday.

  • July 27, 2026

    Amex Bracing For Enforcement Action Amid AML Scrutiny

    American Express Co. may face regulatory fines over its anti-money-laundering compliance programs and has been working to "identify and remediate deficiencies" in them, according to its latest public investor disclosures.

  • July 24, 2026

    CFTC Warns Platforms Against Broad Event Contract Filings

    The U.S. Commodity Futures Trading Commission on Friday told prediction market platforms that it won't wave through "broad, template" filings seeking to certify a variety of event contracts at once.

  • July 24, 2026

    Upstart Gets OCC's Conditional Approval For Bank Charter

    Online lending platform Upstart has cleared a key initial hurdle at the Office of the Comptroller of the Currency in its bid to launch what it is calling the first national bank built with artificial intelligence-powered underwriting.

  • July 24, 2026

    Calif.'s New Biz Agency Set To Target 'Corrupt Practices'

    Rohit Chopra, the first secretary of California's new Business and Consumer Services Agency, on Thursday asked consumers in the Golden State to send in tips about businesses that engage in dishonest pricing schemes, inflated fees and other "harmful and corrupt practices."

  • July 24, 2026

    No Hack Involved In Alleged $53M Crypto Heist, Judge Hears

    A Maryland man accused of hacking Uranium Finance to steal $53 million in cryptocurrency told a Manhattan federal judge Friday that the charges are faulty because he did nothing malicious with the exchange's code.

  • July 24, 2026

    Kalshi Wants NY Sports Wagers Shielded As Deadline Nears

    Kalshi is asking the Second Circuit for an emergency order to safeguard its sports-related contracts from New York regulators, which have promised to hold off on any enforcement actions against the company only through July 30.

  • July 24, 2026

    DOL E-Delivery Push Pleases Mgmt. And Worker Attys Alike

    Recently proposed U.S. Department of Labor regulations that would encourage e-delivery of employee health plan documents are winning plaudits from both sides of the benefits bar for potentially streamlining the process and augmenting online transparency. Here are three things to know about the DOL's proposal.

  • July 24, 2026

    CFTC Wants More Input On Energy Contracts, 24/7 Trading

    The U.S. Commodity Futures Trading Commission has extended the public comment period for its proposals on around-the-clock trading and perpetual contracts in the energy industry, offering additional questions for consideration following the regulator's "extensive conversations" with the industry.

  • July 23, 2026

    BitMEX Users Say Exchange Rigged Liquidations For Profit

    BitMEX, one of the world's largest cryptocurrency exchanges, deliberately designed its system to create unfavorable conditions for customers and then seize their bitcoin, liquidating their accounts when they lost a certain amount, according to a proposed class action filed on Thursday in New York federal court.

  • July 23, 2026

    Trump CFPB Pick Says He Has 'Open Mind' On Staffing Levels

    President Donald Trump's choice for Consumer Financial Protection Bureau director signaled at his confirmation hearing on Thursday that he could revisit the agency's plan to shed hundreds of staff, saying he has an "open mind" about how many workers the agency needs.

  • July 23, 2026

    Kroll Can Arbitrate Some Data Claims, Ax Others, Judge Says

    Bankruptcy claims agent Kroll Restructuring Administration LLC should be able to arbitrate claims over a 2023 data breach affecting FTX Trading customers, but claims from a BlockFi user should be tossed, according to recommendations from a Texas magistrate judge.

  • July 23, 2026

    OCC Denies Wise Trust Charter Over Compliance Gaps

    The Office of the Comptroller of the Currency shared Thursday it has denied a national trust bank application from Wise US Inc. over concerns the money transfer fintech wouldn't meet compliance and anti-money laundering standards.

  • July 23, 2026

    10th Circ. Won't Undo Crypto Firm Founder's 5-Year Sentence

    The Tenth Circuit refused to alter a cryptocurrency investment firm co-founder's five-year prison sentence and obligation to pay over $174,000 in restitution to victims of a fraud scheme he orchestrated, writing the district court's sentencing and loss amount estimation was reasonable.

  • July 23, 2026

    FINRA Fines Tastytrade Over Best Execution Rule Compliance

    Online brokerage platform operator Tastytrade will pay the Financial Industry Regulatory Authority $850,000 to end claims that it did not meet "best execution" standards when it failed to properly review the transaction quality of customers' equity orders.

  • July 23, 2026

    She Has A Point: Foley & Lardner's Laura Ganoza

    Laura Ganoza's representation of her client in an infringement suit over a resort's trademarks was notable for being particularly vigorous, according to opposing counsel Sarah Ring of Porter Hedges LLP, who said the Foley & Lardner LLP partner "was a strong advocate" in the case.

Expert Analysis

  • Series

    Judges On AI: How Courts Can Survive The Tech Revolution

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    Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tips for courts navigating deepfakes, hallucinations and a gap in access to AI tools.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • Sentencing Tips For Defending Crypto Conspiracy Cases

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    The sentencing of Evan Tangeman to 70 months in federal prison for laundering money in a cryptocurrency conspiracy illustrates that defense attorneys representing clients in multidefendant crypto cases need to understand the mechanics of conspiracy liability, loss attribution and restitution exposure before they reach the sentencing table, says Joseph De Gregorio at Sentencing Advocacy.

  • Series

    Playing Basketball Makes Me A Better Lawyer

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    My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

  • Series

    The Biz Court Digest: Georgia Court Has Business On Its Mind

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    Thanks to recent legislation, the Georgia State-wide Business Court will soon offer business litigants greater access to the court than ever before, further enhancing the court's emphasis on efficiency, predictability and accessibility for sophisticated commercial disputes, says former GSBC judge Walt Davis at Jones Day.

  • How Treasury's Stablecoin Test Will Shape State Oversight

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    The Treasury Department's recently proposed principles for judging whether state stablecoin regimes are "substantially similar" to the federal framework signal that issuers should expect stricter benchmarking against the bank agencies' standards, limited state flexibility and heightened pressure to reassess compliance as rules take shape, say attorneys at Baker McKenzie.

  • Mass. Draft Regs Signal Nationwide Scrutiny Of Junk Fees

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    Massachusetts Attorney General Andrea Campbell's new draft regulations for assisted living facilities is only her latest move in the war on junk fees — and part of a national reordering of consumer protection enforcement in which states are aggressively and creatively asserting authority, says Steve Provazza at Arnall Golden.

  • CFPB Rule Recalibrates Fair Lending Compliance

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    A close reading of the Consumer Financial Protection Bureau's new final rule on fair lending enforcement reveals a thoughtful and disciplined effort to realign enforcement with statutory text, evidentiary rigor and practical compliance realities, says Alan Kaplinsky at Ballard Spahr.

  • Operational AI Washing: A New Securities Class Action

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    In rising claims of operational AI washing — plaintiffs alleging that artificial intelligence was invoked to explain corporate business decisions in ways that may obscure underlying financial distress — earnings calls, restructuring disclosures and board-level communications will serve as key defense evidence, say attorneys at Akerman.

  • Where The Preemption Fight Over Prediction Markets Stands

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    While the Third Circuit's recent ruling in Kalshi v. Flaherty remains a significant win for the federal government in its quest to regulate prediction markets, the Fourth, Sixth and Ninth Circuits appear more skeptical, indicating that this fight is likely headed for the Supreme Court, says Johnny ElHachem at Holland & Knight.

  • 4 Emerging Approaches To AI Protective Order Language

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    Over the last year, at least five federal district courts have issued or analyzed specific protective order provisions restricting the use of generative artificial intelligence platforms with protected materials, establishing that proactive AI-specific provisions are now standard practice and demonstrating that no single model works for every case, says Joel Bush at Kilpatrick.

  • Binance Win Shows Constraints On Anti-Terrorism Act Claims

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    The Southern District of New York's recent ruling in Troell v. Binance illustrates that the Second Circuit's earlier decision in Ashley v. Deutsche Bank is holding weight with courts, and companies facing aiding and abetting risk should thus monitor evolving case law and assess exposure based on nexus allegations, say attorneys at Freshfields.

  • Understanding The Insider Trading Gap In Prediction Markets

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    While the first-ever insider trading indictment involving a prediction market — the recent prosecution of a service member involved in the capture of Nicolás Maduro — comprised extreme facts and straightforward legal theories, future cases will test the bounds of insider trading law, say attorneys at Baker McKenzie.

  • Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved

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    While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady​​​​​​​.

  • Expect US Enforcers' Cartel Crackdown To Continue

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    Since agencies’ coordinated enforcement efforts targeting cartel-related activity have not slowed, U.S. companies in Latin America should assess new business lines for designated-cartel ties, scrutinize highest-risk third parties, and enhance training and internal investigation practices, say attorneys at Miller & Chevalier.

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