Fintech

  • September 02, 2026

    NJ Urges Justices To Resolve Kalshi Sports Betting Split

    New Jersey regulators on Wednesday asked the U.S. Supreme Court to address the newly emerged circuit split around prediction market regulation, filing a long-awaited petition that challenged a Third Circuit decision blocking the state from pursuing Kalshi's sports event contracts as unlicensed bets.

  • September 02, 2026

    Mich. Judge Cites Risk To Public In Ban On Kalshi Sports Bets

    A Michigan judge bolstered the statewide ban on Kalshi's sports offerings Wednesday, ruling that the state's residents are still at risk of exploitation by the prediction market platform.

  • September 02, 2026

    JPMorgan Seeks Stay Of $20M Javice, Amar Fee Order

    JPMorgan Chase & Co. urged the Delaware Chancery Court on Wednesday to pause enforcement of an order requiring it to advance more than $20 million in disputed legal fees to convicted Frank founder Charlie Javice and former executive Olivier Amar, arguing the bank could permanently lose the money before it gets a chance to challenge the ruling.

  • September 02, 2026

    TabaPay Secures $155M As It Plans To Buy Transact Bank

    Money movement platform TabaPay Inc., advised by Reed Smith LLP, on Wednesday revealed that it has received a $155 million strategic investment from Gibson Dunn & Crutcher LLP-led FTV Capital, while also unveiling plans to acquire Denver-based Transact Bank.

  • September 02, 2026

    Linqto Founder Engineered $450M 'Pre-IPO' Fraud, Feds Say

    The founder of Linqto, a bankrupt platform that allows investors to buy shares before their initial public offerings, was arrested in California Wednesday and charged in New York federal court with a $450 million price markup scheme.

  • September 01, 2026

    ETF Issuers Urge SEC To Focus On Risk Over Novelty

    Exchanges and issuers urged the U.S. Securities and Exchange Commission to apply existing rules for exchange-traded funds to oversee "novel" offerings holding asset classes like crypto and event contracts, while consumer advocacy groups took a hard line against products referencing sports or election wagers.

  • September 01, 2026

    Rutgers Prof Accused Of Crypto 'Pump And Dump' Scheme

    A cryptocurrency investor alleges a Rutgers University computer science professor used his academic credentials and university affiliation to secure investments in a token whose value has since collapsed, "a classic pump and dump scheme," according to a suit filed in New Jersey federal court.

  • September 01, 2026

    SEC Sends White House Plan For Retail Private Market Access

    The U.S. Securities and Exchange Commission's Division of Investment Management has submitted to the White House a proposal to help facilitate retail investors' exposure to private markets and enable investment advisers to charge related performance fees, saying it could provide more opportunities for investors looking to diversify their portfolios.

  • September 01, 2026

    Meme Coin Platform Pump.fun Must Face Users' RICO Claims

    A New York federal judge has allowed racketeering claims to proceed against the operator of meme coin launchpad Pump.fun and its co-founders, while dismissing securities and unjust enrichment claims against the launchpad's related blockchain projects.

  • September 01, 2026

    Crypto Investment Firm Accused Of Fraud Must Face Ga. Suit

    A Texas-based crypto investment company can't dodge a fraud suit brought against it in Georgia federal court, after a judge said the suit shows the firm and its management transacted business in the Peach State and used a business dinner in Atlanta to tout their offerings.

  • September 01, 2026

    SEC Plans To Bless Transfer Agents' Blockchain Use

    The U.S. Securities and Exchange Commission is promising sweeping changes to the rules governing transfer agents for the first time in 40 years, issuing a proposal Tuesday that would, among other things, allow agents to utilize the blockchain in tracking securities ownership. 

  • August 31, 2026

    Apple Can't Shake Fintech Co.'s Trade Secret, RICO Suit

    A Georgia federal judge on Monday denied Apple's motion to dismiss Fintiv's trade secrets and racketeering litigation, finding the fintech company plausibly alleges that Apple stole its trade secrets and encouraged credit card issuers and payment processors to promote the false message that Apple created the technology behind Apple Pay.

  • August 31, 2026

    Kalshi Bans George Santos, Candidates Over Improper Trades

    Prediction market platform Kalshi said Monday that it permanently banned George Santos from the platform and imposed a $71,000 penalty against the convicted former U.S. representative for allegedly manipulating a prediction market on whether he would attend the 2026 State of the Union address.

  • August 31, 2026

    Circle Says N. Korea Hack USDC Was Never In Its Possession

    Blockchain company Circle Internet Financial LLC said that the family of a man who was kidnapped and murdered by North Korean agents cannot collect $232 million from the company following the April Fools' Day exploit of crypto project Drift Protocol, arguing it was not in possession of the contents of the wallets at issue.

  • August 31, 2026

    Tech Biz Challenges ICE's $95M Sole-Source Blockchain Award

    Chainalysis Government Solutions accused the U.S. Department of Homeland Security of improperly awarding a nearly $95 million sole-source contract for forensic software, arguing the government should have held a full competition for the "largest blockchain analytics contract" it ever awarded.

  • August 31, 2026

    Avalara Investors Suing Over $8.4B Buyout Win Class Cert.

    A Washington federal judge granted class certification to investors in tax software company Avalara in a suit alleging it misled investors ahead of an $8.4 billion deal to take the company private.

  • August 31, 2026

    Judge Says Risky Investments Wipe SVB's $1.7B FDIC Claim

    A California federal judge has ruled that a $1.7 billion claim by the parent of the failed Silicon Valley Bank against the Federal Deposit Insurance Corp. is more than offset by the more than $5 billion the parent's reckless investment strategy cost the bank.

  • August 31, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week saw disputes over a $200 million federal grant, a $1.7 billion software take-private deal, the ouster of Better.com founder Vishal Garg and a proposed $4 million settlement stemming from an electric vehicle company's SPAC merger.

  • August 28, 2026

    CFTC Can't Withhold Records In Chicago Exchange's Perps Suit

    A D.C. federal judge has ruled that the Commodity Futures Trading Commission cannot avoid handing over administrative records discussing approval of Kalshi's bitcoin perpetuals contract to the court, in a suit brought by a CME Group subsidiary challenging the agency's approval.

  • August 28, 2026

    Fintechs Back 24/7 Futures Trading As Energy Producers Balk

    Commodity and energy producers cautioned the U.S. Commodity Futures Trading Commission against enabling round-the-clock trading and perpetual contracts on the energy industry, while many trading platforms told the agency that they believe they can mitigate the risks that come with extended trading hours.

  • August 28, 2026

    Concora Credit Flouted FCRA When Hiring, Applicant Says

    Oregon-based financial services company Concora Credit violated the Fair Credit Reporting Act by not providing its prospective and current employees with consumer reports it obtained for background checks, according to a proposed class action filed in Washington federal court.

  • August 28, 2026

    OCC Sends Final Stablecoin Rules For White House Sign-Off

    The Office of the Comptroller of the Currency has sent its final rule establishing standards for stablecoin issuers under its supervision to the White House in the latest step toward implementing last year's landmark stablecoin law known as the Genius Act, following comments from Comptroller Jonathan Gould that the agency plans to issue the oversight rule by November.

  • August 28, 2026

    9th Circ. Rules Against Kalshi In Sports Wager Circuit Split

    The Ninth Circuit on Friday backed a Nevada federal court decision that cleared the way for the state's gambling regulators to pursue Kalshi's sports offerings, creating a circuit split in the sprawling litigation over prediction market regulation.

  • August 28, 2026

    Ex-Better CEO Sues Over Ouster, Shareholder Rights

    The recently ousted CEO of mortgage and real estate company Better.com has sued the company and several directors in Delaware's Chancery Court seeking to invalidate a shareholder plan he claims interferes with stockholder voting rights.

  • August 28, 2026

    Consumer Groups Back Ore. In Fight Over Rate Opt-Out Law

    Consumer advocacy groups have rallied to Oregon's defense in litigation over its new law aimed at capping interest rates on loans from out-of-state banks, arguing the state's financial industry challengers don't have history or federal law on their side.

Expert Analysis

  • FDIC Proposals Mark Pullback In Bank Resolution Rules

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    A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolution-related capabilities from a mandatory exercise to a voluntary one supported by significant financial incentives, amounting to an overall reduction in reporting requirements, say attorneys at Moore & Van Allen.

  • Series

    Being A Singer Makes Me A Better Lawyer

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    Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly everything I learned about preparation, humility, confidence and more has followed me into my legal practice, says Jessica Caterina at Moses & Singer.

  • Parsing Who Gets The Track Record In A Venture Partner Split

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    A recent California federal court order in TEEC Angel Management v. Tsingyuan Ventures allowing Lanham Act claims to proceed confirms that the question of who gets to tell the story of a shared win is now being litigated as false advertising instead of industry professional etiquette, says Ben Dubin at VC Expert Services.

  • Immigration Order Raises Customer ID Stakes For Banks

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    Following a recently issued immigration-related executive order, financial institutions should expect and prepare for increased scrutiny of customer due diligence and identification, suspicious activity monitoring, and consumer lending, as well as accompanying supervisory shifts and rising fair lending risks, says Douglas Weissinger at Butler Snow.

  • High Court Rulings Could Alter Agency Strategy For Cos.

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    The U.S. Supreme Court's recent decisions in Trump v. Slaughter and Trump v. Cook mark major turning points in the law of independent agencies and in how regulated companies should think about federal enforcement, rulemaking and agency-facing strategy, say attorneys at Holtzman Vogel.

  • How CME Suit May Reshape CFTC's Crypto Derivatives Rules

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    CME Group's recent lawsuit over the U.S. Commodity Futures Trading Commission's approval of a Kalshi application to offer a bitcoin perpetual contract as a futures product could have cascading consequences for crypto derivatives regulation, highlighting why policy ambitions do not override statutory text or substitute for reasoned decision-making, says attorney Tamara de Silva.

  • JPMorgan Ruling Shows Courts' Limited Role In Fee Fights

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    The Delaware Chancery Court's recent decision that JPMorgan Chase must cover more than $21 million in disputed legal fees for two former executives of the startup Frank illustrates the reality that companies, not the courts, are responsible for ongoing supervision of legal spending, says Theodore Edelman at GCE Advisors.

  • Preparing For Next Congress With Eye On Investigation Risk

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    Rod Rosenstein, Brian Whisler and Bruce Linskens at Baker McKenzie offer advice for organizations seeking to build a proactive response plan to potential congressional oversight as the election looms.

  • OCC Letter Affirms Nat'l Banks' Shield From State Licensing

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    The Office of the Comptroller of the Currency recently published a letter supporting Fidelity Digital Assets' stance that state money transmitter licensing requirements do not apply to national banks, confirming the agency's long-standing interpretive position on this issue, say attorneys at Katten.

  • The Debanking Minefield: Navigating Fair Access In 2026

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    Federal regulators' recent elimination of reputational risk from bank supervision, alongside a growing patchwork of state fair access laws, is reshaping how banks make account and service decisions and ushering in a new compliance era requiring individualized, objective and risk-based access determinations, say attorneys at Spencer Fane.

  • How To Brace For A Potential Democratic Oversight Push

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    With the possibility of a shift in congressional control after the November midterm elections, companies and their general counsel should prepare now by mapping oversight exposure, reviewing government interactions, preserving records and developing coordinated communications strategies, say attorneys at Hogan Lovells.

  • Assessing New Risks After The End Of The SEC's Gag Rule

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    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • AI-Fueled Pro Se Suits Pose Rising Risk For Lenders

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    Harris v. Pinnacle Bank, a recently decided Mississippi federal court case, illustrates how pro se borrowers are using artificial intelligence to file more sophisticated documents that can complicate and prolong loan enforcement proceedings, making early procedural challenges and tighter litigation strategies increasingly important for lenders, says Joseph Briggett at Baker Donelson.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • What Ga. Stablecoin Licensing Law Means For Payments Cos.

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    Georgia recently enacted one of the first state-level licensing frameworks for stablecoin issuance aligned with the Genius Act, which may appeal to eligible companies by making licensure accessible to nondepository entities and potentially offering easier access to regulatory guidance, say attorneys at Eversheds Sutherland.

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