CFTC Clears Registration Path For Offshore Crypto Cos.

By Aislinn Keely

The U.S. Commodity Futures Trading Commission on Thursday made clear that certain offshore cryptocurrency entities can use its foreign board of trade registration framework to serve U.S. customers.

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Federal Reserve Gov. Lisa Cook Sues Trump To Block Firing

By Alison Knezevich

Federal Reserve Gov. Lisa Cook filed suit in federal court in Washington, D.C., on Thursday challenging President Donald Trump's "unprecedented and illegal attempt" to remove her from her position.

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'Bitcoin Infrastructure' SPAC Files Plans To Raise $200M

By Jade Martinez-Pogue

Special purpose acquisition company Bitcoin Infrastructure Acquisition Corp. Ltd. has filed plans with regulators to raise up to $200 million in an initial public offering, a move that follows a pair of crypto-focused special purpose acquisition companies that began trading on Wednesday amid surging interest in digital assets.

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Unicoin Says SEC's $100M Fraud Suit 'Twists' Its Disclosures

By Aislinn Keely

Crypto firm Unicoin told a New York federal judge that the U.S. Securities and Exchange Commission's claim that it ran a $100 million fraud is based on "cherry-picked" statements taken out of context and "ignores" the firm's warnings to investors within its own disclosures with the agency.

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'Still A Mess': Colo. Special Session Fails To Deliver AI Clarity

By Allison Grande

During its recently concluded special session, the Colorado Legislature extended the implementation deadline for the state's groundbreaking artificial intelligence law but failed to make any substantial changes to the legislation, leaving companies to face continued uncertainty on the scope of liability and other pressing issues.

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Ohio Co. Says Kalshi Gambling Suit Belongs In State Court

By Sydney Price

An Ohio-based company suing several financial firms, including Kalshi and Robinhood, over their allegedly unregulated sports betting said its suit should be moved back to a state court because its claim regarding the legality of the companies' operations does not raise a federal question.

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PNC Urges Justices Not To Review Nixed USAA $218M Verdict

By Cara Salvatore

PNC Bank said the U.S. Supreme Court should not review a Federal Circuit decision erasing a $218 million patent infringement verdict for USAA, which has argued the case is essentially identical to another that resulted in an opposite ruling.

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ATM Network Investment Was $700M Ponzi Scheme, Suit Says

By Sydney Price

Four individuals have been hit with a proposed class action from an investment advisory firm, accusing them of using purported investments in ATM networks to run a $700 million Ponzi scheme.

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Deals Rumor Mill

ByteDance Buyback To Bring $330B Value, And More Rumors

By Al Barbarino

A planned employee share buyback by ByteDance could value the company at $330 billion, the Pinault family is reaching out to potential buyers for the German sports apparel brand Puma SE, and Canada Goose might be up for sale by its private equity owner Bain Capital. Here, Law360 breaks down these and other notable rumors from the past week.

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Rhodium Founders Defend D&O Coverage Request In Ch. 11

By Emlyn Cameron

Founders of cryptocurrency mining firm Rhodium are defending their request for leave to pursue payouts from the company's directors and officers insurance policy, saying an ad hoc group's protests fell flat since any shortfalls in coverage would primarily affect the founders and the outcome would not change based on sufficiency of the coverage.

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What FDIC's Asset Threshold Raise Would Mean For Banking

If the Federal Deposit Insurance Corp. goes through with its plan to raise asset thresholds that determine regulatory intensity, it could free billions in compliance costs and bolster regional and community banks, but risk of oversight gaps are making this a contested area in banking policy, says Jessica Groza at Kohr Jackson.

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Series

Coaching Cheerleading Makes Me A Better Lawyer

At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

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Chancery Says Docket For 'Routine' Matters Shows Success

By Rose Krebs

As it continues to pursue ways to streamline its docket and ease burnout concerns for its judges, Delaware's Chancery Court announced this week that a new procedure for handling "routine matters" is already showing success.

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First Chief PTAB Judge Remembered As Industrious Leader

By Theresa Schliep

Colleagues and loved ones of James Donald Smith — the first chief judge of the Patent Trial and Appeal Board who died this spring — remembered him as a superb leader, talented violist and dear friend at a memorial service on Saturday that featured a reading of a letter from former President Barack Obama.

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Wash. Sen. Opposes Full-Term Role For State's New US Atty

By Courtney Bublé

The newly installed interim U.S. attorney for the Eastern District of Washington at this juncture has not been nominated for the full-term role, but one of the state's Democratic senators is already vowing to prevent his confirmation.

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Ex-Katten Partner's $67M Age Bias Suit Stayed For Arbitration

By Lauren Berg

A Manhattan federal judge stayed a $67 million discrimination lawsuit brought by a former Katten Muchin Rosenman LLP partner alleging the firm pushed him out of the aircraft-finance practice group, pressured him to resign and then fired him because of his age, saying there is an arbitration agreement at play.

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Healthcare Cos. Want Akerman's 'Indefensible' Fee Suit Nixed

By Madison Arnold

Rennova Health Inc. and others asked a Florida state judge to dismiss Akerman LLP's unpaid fees case against the company, calling it "facially time-barred, factually flawed and legally indefensible."

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LA Atty Convicted Of Laundering $2.1M From Swiss Oil Co.

By Craig Clough

A Los Angeles federal jury on Thursday found a divorce and immigration attorney guilty of money laundering, tax evasion and obstruction of justice related to a $2.1 million payment he received from a Swiss oil company while working in a government position in Nigeria that prosecutors allege was a bribe.

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Email Excluded From Harassment Suit Against Paxton Deputies

By Spencer Brewer

A Texas federal judge on Thursday struck an email from a sexual harassment lawsuit brought against the founders of a law firm founded by former top attorneys in the Texas attorney general's office, but said the plaintiff could conduct discovery regarding the email.

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Ga. Atty Sues Former Firm For Failing To Pay Final Wages

By Kelcey Caulder

A Georgia attorney has filed suit against her former employer, John Foy and Associates PC, over "threatening emails" she said she received after she was fired and a final paycheck that she reportedly never got.

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