Fintech

  • April 28, 2026

    Celsius' Mashinsky Must Pay FTC $10M

    A Manhattan federal judge on Tuesday ordered Celsius Network's co-founder to pay $10 million to the U.S. Federal Trade Commission to settle litigation saying he misrepresented the cryptocurrency lender's practices and safety measures, and that she'd suspend a $4.7 billion judgment based on his cooperation with the government.

  • April 28, 2026

    Kalshi Hit With Refer-A-Friend Text Suit In Wash.

    Kalshi has become the latest company to be hit with a lawsuit in Washington federal court over refer-a-friend texts that recipients say violate the state's Commercial Electronic Mail Act by encouraging texts to be sent to people who never consented to receive them.

  • April 28, 2026

    Sam Bankman-Fried Loses Bid For New Trial In FTX Case

    A New York federal judge on Tuesday denied Sam Bankman-Fried's request for a new trial, finding that the incarcerated FTX founder hasn't pointed to any evidence that's actually new and saying that his push for a new trial "appears to be one part of a plan to rescue his reputation."

  • April 28, 2026

    Fintech Co. Ryvyl Settles SEC Blockchain Disclosure Suit

    Financial technology company Ryvyl Inc. and its founders have agreed to settle the U.S. Securities and Exchange Commission's allegations that the company made disclosures falsely representing itself as selling blockchain-based payment solutions, according to an announcement.

  • April 28, 2026

    SPAC Targets Maha Capital In $490M Energy-Fintech Deal

    Maha Capital AB, a Swiss public company that boasts a portfolio of energy-related assets and fintech operations, on Tuesday revealed it had entered into a letter of intent to merge with special purpose acquisition company Blue Water Acquisition Corp. IV to form a new, publicly traded company.

  • April 28, 2026

    OCC Gives Banking Charter Nod To Fintech Co. For Startups

    Financial technology company Mercury, with Skadden attorneys as its counsel, said Tuesday it received conditional approval from the Office of the Comptroller of the Currency to set up a national bank that will allow Mercury to expand the financial tools it provides to founders and their startups.

  • April 28, 2026

    CFTC Sues Wisconsin In Latest Prediction Market State Battle

    The U.S. Commodity Futures Trading Commission on Tuesday added Wisconsin to the list of states it's taking to court to assert its "exclusive jurisdiction" over prediction markets after the state accused five platforms of offering illegal bets through their event contract offerings.

  • April 28, 2026

    Robinhood Fraudsters Must Pay $432K In SEC Judgment

    Two men who pled guilty in 2024 to being involved in a scheme to steal millions of dollars from trading firm Robinhood must pay, in total, more than $432,000 in disgorgement and over $42,000 in prejudgment interest in a parallel civil suit brought by the SEC.

  • April 28, 2026

    Cartier Descendant Gets 8 Years For Crypto-Laundering Plot

    A Manhattan federal judge on Tuesday hit an Argentinian businessman with ties to the family that created jewelry giant Cartier with an eight-year prison sentence, after he admitted lying to banks as his cryptocurrency exchange laundered narcotics proceeds.

  • April 28, 2026

    Flipcause Converted To Chapter 7 After Sale, Creditor Deal

    A Delaware judge Tuesday agreed to convert the bankruptcy of charity financial technology group Flipcause to a Chapter 7 liquidation after its Chapter 11 trustee sold its assets and reached a settlement with creditors.

  • April 28, 2026

    Soldier Accused Of Betting On Maduro Raid Pleads Not Guilty

    A U.S. Army sergeant who helped plan the capture of deposed Venezuelan President Nicolás Maduro pled not guilty in Manhattan federal court Tuesday to profiting by at least $365,000 by gambling on the raid on Polymarket.

  • April 27, 2026

    Sullivan & Cromwell Alum Returns After 5 Years With DOJ

    A former Sullivan & Cromwell attorney is returning to the firm after five years in the public sector working for the U.S. Department of Justice's criminal division, where he prosecuted high-profile insider trading cases and secured convictions for two former Merrill Lynch traders accused of manipulating the precious metals market.

  • April 27, 2026

    Firms Seek $1.65M Fee In Interactive Brokers Settlement

    Counsel in a class action against Interactive Brokers LLC over allegedly faulty algorithms asked a federal judge to award about $1.65 million in attorney fees and $1.63 million in litigation expenses and approve a settlement worth $6.8 million.

  • April 27, 2026

    DOJ's Blanche Says Scrutiny Is On Crypto Crimes, Not Coders

    Acting U.S. Attorney General Todd Blanche on Monday reiterated his commitment to his April 2025 directive instructing U.S. Department of Justice staff to focus their resources on bad actors rather than the creators of the crypto tools they use, saying attorneys representing crypto software developers "should feel very comfortable communicating" with his office to ensure prosecutors comply with the memo.

  • April 27, 2026

    6th Circ. OKs Ohio Betting Enforcement Against Kalshi

    Ohio gambling regulators have the green light to crack down on Kalshi's sports event contracts after the Sixth Circuit denied the company's bid to keep them at bay amid litigation over whether those offerings violate state gambling laws.

  • April 27, 2026

    OCC Moves To Block Illinois' Limits On Card Swipe Fees

    The Office of the Comptroller of the Currency has moved to block Illinois from enforcing its landmark swipe-fee law against national banks, issuing emergency rules that open a new front in an ongoing battle over the state's effort to curb merchant payment-processing costs.

  • April 24, 2026

    CFTC Sues New York Over Sports Event Contract Crackdown

    The U.S. Commodity Futures Trading Commission sued the state of New York Friday in its latest bid to assert "exclusive jurisdiction" over prediction markets and cut through the state's attempts to shut down certain event contract trading as unregistered gambling.

  • April 24, 2026

    Rakoff Tosses Securities Fraud Claims Against Coinbase

    U.S. District Judge Jed Rakoff has tossed securities fraud claims against cryptocurrency exchange Coinbase brought by investors in a digital asset that tracked the native token of the now-failed Terraform blockchain ecosystem.

  • April 24, 2026

    Jane Street Slams Terraform's Insider Trading Claims

    Jane Street is looking to escape a lawsuit accusing it of trading on insider information ahead of the collapse of cryptocurrency company Terraform Labs, telling a New York federal judge that it shouldn't have to "foot the bill" for a fraud that Terraform itself committed.

  • April 24, 2026

    Wis. Takes On Prediction Market Cos. Over 'Illegal' Betting

    Wisconsin has joined the fight with other states to regulate prediction market platforms under their respective state gambling laws, telling a Wisconsin state court that the platforms are engaging in criminal activity and creating a public nuisance.

  • April 24, 2026

    Feds Lock In Cut To Community Bank Leverage Ratio

    Federal regulators on Thursday finalized a rule to relax a streamlined leverage capital requirement for community banks, a move they said will give hundreds more small banks a way to avoid more complex, risk-based capital standards.

  • April 24, 2026

    DOJ Ends Powell Probe, Clearing Way For Warsh Vote

    The U.S. Department of Justice said Friday that it is dropping its criminal investigation into Federal Reserve Chair Jerome Powell, a reversal that has cleared a path for the U.S. Senate to confirm President Donald Trump's pick to succeed him.

  • April 23, 2026

    Robinhood Investors Warn Of Nvidia Redux Before High Court

    Robinhood Markets Inc. investors urged the U.S. Supreme Court on Thursday not to hear a dispute revolving around the trading platform's $2.1 billion initial public offering, arguing that the case the company presents is "in the same mold" as those that the justices threw out against Meta and Nvidia two years ago.

  • April 23, 2026

    BofA, EY Strike $2.5M Deal To Settle MOVEit Breach Claims

    Bank of America and EY have agreed to pay $2.5 million to nearly 200,000 people to settle claims in multidistrict litigation over the May 2023 breach of file transfer application MOVEit, according to a motion for settlement.

  • April 23, 2026

    Bitcoin Depot Data Breach Suit Can't Proceed, Judge Rules

    A Georgia federal judge freed Bitcoin Depot on Thursday from a proposed class action over a 2024 data breach that affected tens of thousands of customers after ruling that the speculative risk of identity theft on its own could not support the suit.

Expert Analysis

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Tips For Consumer Finance GCs Navigating AI In Pro Se Suits

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    There are several avenues for consumer finance in-house counsel to make artificial intelligence use disclosure requirements a standardized tool when facing pro se litigants, including preservation demands and discovery requests to ease friction and root out inaccurate legal representations, says Lee Barrett at Planet Home Lending.

  • Should Prediction Markets Allow Trading On Nonpublic Info?

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    Recent trading activity, such as the Polymarket wager on the U.S. capture of Venezuelan President Nicolás Maduro, has raised questions about whether some participants may be engaging in trading that is based on material nonpublic information, and highlights ongoing uncertainty about how existing derivatives and anti-fraud rules apply to event-based contracts, say economic consultants at the Brattle Group.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • What FDA Guidance Means For Future Of Health Software

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    Two significant final guidance documents released by the U.S. Food and Drug Administration last month reflect a targeted effort to ease innovation friction around specific areas, including singular clinical decision support recommendations and sensor-based wearables, while maintaining established regulatory boundaries, say attorneys at Covington.

  • Coinbase Ruling Outlines Litigation Committee Conflict Risks

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    The Delaware Court of Chancery's recent rejection in Grabski v. Andreessen of a special litigation committee's motion to terminate or settle — its first such decision in over a decade — over conflict concerns highlights why the independence of SLC counsel matters just as much as that of committee members, says Joel Fleming at Equity Litigation Group.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • OCC Mortgage Escrow Rules Add Fuel To Preemption Debate

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    Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.

  • CFIUS Initiative May Smooth Way For Some Foreign Investors

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    A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.

  • When Tokenized Real-World Assets Collide With Real World

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    The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.

  • Drafting Tech Patents After USPTO's Eligibility Memos

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    Two recent U.S. Patent and Trademark Office memos on subject matter eligibility declarations provide an evidentiary playbook for artificial intelligence and software patent applications, highlighting how targeted, stand‑alone SMEDs that present objective, claim‑anchored facts can improve patent application outcomes, say attorneys at Reed Smith.

  • How Lenders Can Be Ready For Disparate Impact Variabilities

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    Amid state attorneys general's and regulators' mixed messaging around disparate impact liability, financial institutions can take several steps to minimize risk, including ensuring compliance management aligns with current law and avoiding decisions that impede growth in business and service, says Elena Babinecz at Baker Donelson.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

  • A Closer Look At California Financial Regulator's 2026 Agenda

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    California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

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