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A Manhattan federal judge on Friday granted a crypto trader's request to overturn a conviction for defrauding platform Mango Markets out of roughly $110 million, finding that prosecutors didn't link his conduct to New York and failed to show he duped the platform.
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May 21, 2026
Online bill pay service Doxo violated federal law by failing to disclose the terms of its doxoPLUS subscription before obtaining customers' payment information, a Washington federal judge ruled Thursday, granting the Federal Trade Commission a partial win in its suit accusing the company of duping consumers into paying hidden fees.
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May 21, 2026
An Illinois federal judge Wednesday gave the final green light to a settlement under which Discover Financial Services will pay between $540 million and $1.2 billion to resolve class action allegations it misclassified certain credit card accounts.
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May 21, 2026
Investors in the "Let's Go Brandon" meme coin asked a Florida federal court to reject a sanctions bid filed by the coin's founder, saying he didn't comply with the court's safe harbor rule requiring him to send a draft motion 21 days in advance.
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May 21, 2026
Missouri's attorney general sued cryptocurrency ATM operator CoinFlip, accusing the company of facilitating scams and then profiting off of the fraudulent transactions by charging hidden and excessive fees.
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May 21, 2026
New York's financial services regulator issued new guidance Thursday on the risks associated with cutting-edge artificial intelligence, urging firms to make sure their cybersecurity programs can promptly flag weaknesses that so-called frontier AI models can exploit, among other things.
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May 21, 2026
The U.S. Securities and Exchange Commission's Hester Peirce will join the faculty of Regent University School of Law this November after her time at the agency, the university announced, although the commissioner said her departure date has not yet been set.
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May 21, 2026
The Office of the Comptroller of the Currency has ordered Community Federal Savings Bank to strengthen its anti-money laundering controls after finding that the New York-based bank failed to keep pace with the risks from its fast-growing payment-processing business.
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May 21, 2026
The National Hockey League and the U.S. Commodity Futures Trading Commission detailed their plans for strengthening oversight of event contracts tethered to the league's games Thursday as fears swirl over insider trading on prediction market sites.
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May 21, 2026
The former general counsel for the National Futures Association has jumped to private practice at Skadden Arps Slate Meagher & Flom LLP in Chicago.
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May 20, 2026
Federal regulators have unveiled a proposal to revamp a key ratings system used for grading the condition of banks, outlining changes that could make it harder to penalize banks on exams for governance and compliance issues unless they pose a clear financial threat.
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May 20, 2026
The Federal Deposit Insurance Corp. faces calls to coordinate with fellow federal agencies and include state banking regulators in its coming application process for stablecoin issuers under its supervision.
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May 20, 2026
The Federal Reserve on Wednesday moved closer to giving financial technology firms a new route to accessing its payment rails, advancing a formal proposal to create a special type of "payment account" while calling for a pause on some pending full-account decisions.
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May 20, 2026
Dow Jones urged a New York federal judge to toss a defamation suit brought by Binance over a Wall Street Journal article saying the cryptocurrency exchange fired internal investigators who uncovered transactions that purportedly went to sanctioned Iranian-backed entities, arguing that Binance hadn't shown the article was published with actual malice.
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May 20, 2026
Cryptocurrency platform BlockFills has asked a Delaware bankruptcy judge not to appoint an examiner and Chapter 11 trustee in its case, arguing the private equity firm that requested the examiner did not raise any significant enough issue in the proceeding.
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May 20, 2026
Four laptops were stolen from the U.S. Securities and Exchange Commission's Fort Worth, Texas, office after it was burglarized last year, according to the agency's Office of Inspector General.
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May 20, 2026
A Black U.S. Securities and Exchange Commission employee filed a second employment discrimination suit against the agency, alleging she has been given unrealistic job expectations and placed on a performance improvement plan after claiming in court that her superiors discriminated against her.
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May 20, 2026
Former Consumer Financial Protection Bureau Director Rohit Chopra's next act in government is poised to unfold on a new stage in California, but financial firms will likely recognize the script. Watch this space, attorneys tell Law360.
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May 19, 2026
President Donald Trump on Tuesday signed a pair of executive orders aimed at preventing undocumented immigrant workers from using the U.S. financial system and expanding financial technology firms' access to Federal Reserve payment accounts and services.
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May 19, 2026
Sen. Elizabeth Warren, D-Mass., is demanding Comptroller of the Currency Jonathan Gould share documents and communications related to the approval of national trust charters for cryptocurrency firms, which Warren argues are "seemingly ineligible" since the firms' business plans appear to wade into traditional banking activities.
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May 19, 2026
The U.S. Securities and Exchange Commission on Tuesday introduced a pair of proposals that could make it easier for publicly traded companies to raise capital through so-called shelf offerings while also reducing disclosure requirements for more issuers, arguing the proposals would bolster the public markets.
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May 19, 2026
The U.S. Commodity Futures Trading Commission sued Minnesota on Tuesday to block a newly enacted ban on prediction markets, the sixth state the CFTC has taken to federal court to assert control over regulation of the markets.
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May 19, 2026
New Jersey plans to seek U.S. Supreme Court review of a recent Third Circuit decision that upheld an injunction on the state's attempt to ban sports prediction markets, according to a joint status report filed by the state and KalshiEx LLC in New Jersey federal court.
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May 19, 2026
Counsel for cryptocurrency automatic teller machine Bitcoin Depot told a Texas bankruptcy judge Tuesday that regulatory pressure and self-imposed anti-fraud measures caused a sharp drop in revenue that sent the company into Chapter 11.
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May 19, 2026
A North Carolina federal judge signed off on the U.S. Department of Justice's settlement with RealPage, the latest development in a suit alleging landlords coordinated to inflate rental prices via the company's algorithmic pricing software.
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May 19, 2026
A former trader said a cryptocurrency company is using an "unfounded" characterization of his deposition conduct to seek sanctions and lend credence to facts it hasn't otherwise been able to prove in its suit accusing him of usurping $8.1 million in digital assets.