A bipartisan group of House lawmakers introduced a long-awaited proposal to regulate crypto markets on Thursday that would establish a registration path at the U.S. Commodity Futures Trading Commission and codify the boundaries of jurisdiction between commodities and securities regulators.
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TOP NEWS

House Introduces CFTC-Focused Crypto Market Structure Bill

By Aislinn Keely

A bipartisan group of House lawmakers introduced a long-awaited proposal to regulate crypto markets on Thursday that would establish a registration path at the U.S. Commodity Futures Trading Commission and codify the boundaries of jurisdiction between commodities and securities regulators.

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SEC Drops Binance Suit In Latest Crypto Reversal

By Jessica Corso

The U.S. Securities and Exchange Commission on Thursday voluntarily ended a lawsuit accusing crypto platform Binance of mishandling customer funds and deceiving regulators, citing the agency's ongoing efforts to change the way it regulates the digital asset industry.

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Judge Tells FDIC 'Whistleblower' To Stop Texting Gov't Attys

By Jared Foretek

A D.C. federal judge threatened a self-proclaimed Federal Deposit Insurance Corp. "whistleblower" with criminal referral if he reaches out to the agency's lawyers again, calling his claim that one attorney was trying to frame him with sending "harassing" messages sent to the attorney's wife "patently ridiculous."

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Judge Challenges Visa's Bid To Dismiss DOJ Antitrust Suit

By Bryan Koenig

A New York federal judge on Thursday questioned whether Visa Inc. is inappropriately raising factual disputes in its motion to dismiss U.S. Justice Department claims that the company has illegally maintained a monopoly in the market for debit card networks.

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NASCAR Wins Defamation Claims Over LGBCoin Sponsorship

By David Minsky

A Florida state court judge ruled in favor of NASCAR on defamation claims brought by the founder of the LGBCoin cryptocurrency regarding communications to journalists, saying a published statement that the meme coin was almost worthless was "undisputably true."

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POLICY & REGULATION

Ex-USPTO Solicitor Says He's Against Squires Nomination

By Theresa Schliep

A former solicitor for the U.S. Patent and Trademark Office has come out against the nomination of John A. Squires to be the next director of the agency, saying in a letter Thursday that he's concerned about the nominee's desire to make existing patents stronger.

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Baltimore Drops CFPB Suit Amid Denials Of Defunding Plan

By Jon Hill

The city of Baltimore on Thursday moved to drop its lawsuit seeking to bar Trump administration officials from stripping unused funds from the Consumer Financial Protection Bureau, calling off the case while preserving the right to refile later.

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ENFORCEMENT & COMPLIANCE

Javice Request To Sink Guilty Verdict Turned Aside By Judge

By Pete Brush

A Manhattan federal judge declined on Thursday to toss a verdict convicting Frank founder Charlie Javice of tricking JPMorgan Chase into buying the student aid startup for $175 million, saying he properly declined to sever her trial from that of her co-defendant.

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Lindberg Can't Skirt $122M Contempt Order, NC Panel Told

By Hayley Fowler

Insurance companies that convicted billionaire Greg Lindberg allegedly bled dry told the North Carolina Court of Appeals not to let him duck a $122 million contempt order, saying he didn't even show up for the hearing and has done nothing since to purge his contempt.

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LITIGATION

Restaurant Liable After Fraudster Steals $475K Settlement

By Mike Curley

A California appeals court has found in a case of first impression that a restaurant is responsible for $475,000 in settlement funds that its attorneys sent to a fraudster impersonating the other party in a personal injury suit, saying it missed a number of red flags in the impostor's correspondence.

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Investors Allege Manhattan Firm Aided $43M Ponzi Scheme

By Emma Cueto

A pair of investors filed suit against New York-based Moritt Hock & Hamroff LLP and two of its former attorneys on Thursday, alleging that the midsize firm and the attorneys, who have since departed for Saul Ewing LLP, lied on behalf of a client who has since been charged with running a $43 million Ponzi scheme.

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Brief

Wells Fargo Settles Suit Over Online Wire Fraud Protections

By Gina Kim

Wells Fargo has settled a proposed class action alleging it failed to properly investigate and reimburse mobile banking customers who reported scammers stole money from their accounts through fraudulent wire transfers, according to a notice filed Wednesday in California federal court. 

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EXPERT ANALYSIS

Series

Brazilian Jiujitsu Makes Me A Better Lawyer

Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.

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LEGAL INDUSTRY

Analysis

3 Takeaways From The Judgments On Trump's Law Firm EOs

By Aebra Coe

Three federal judges have now weighed in on President Donald Trump’s executive orders targeting law firms, with each ruling in favor of the firms and deeming the orders unconstitutional. Here are three takeaways from the combined 227 pages of those judges’ conclusions.

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DOJ Sidelines ABA From Vetting Trump's Judicial Picks

By Kevin Penton

The Justice Department plans to direct judicial nominees away from a long-standing vetting process by the American Bar Association, labeling it an "activist organization," according to a Thursday letter by Attorney General Pamela Bondi.

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Harvard Taps Paul Weiss High Court Litigator For Board

By Hailey Konnath

Kannon Shanmugam, a Paul Weiss Rifkind Wharton & Garrison LLP partner and veteran U.S. Supreme Court litigator, has been selected to join the Harvard Corp. governing board, according to an announcement made Thursday.

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Analysis

Tariff Rulings Undercut Trump's Trade Authority, Dealmaking

By Dylan Moroses

U.S. trading partners have inadvertently found new leverage in tariff negotiations with the Trump administration after federal courts found several of the president's duties were improperly imposed, raising larger questions about future tariff authorization in the midst of a global trade spat.

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Influencer Hits Akin With Malpractice Suit Over Boxing Deal

By Lynn LaRowe

Akin Gump Strauss Hauer & Feld LLP and one of its Texas-based partners allegedly failed to understand California law in handling a financial dispute between a social media influencer and the company that hired him to participate in an amateur boxing competition, according to a complaint filed Wednesday in a Lone Star State federal court.

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For-Profit School Sued Over Thompson Coburn Leak Notices

By Emily Sawicki

A for-profit college operator is facing a proposed class action in Alabama federal court, alleging it failed to properly secure its data and notify students in a timely manner that its law firm, Thompson Coburn LLP, had been hit with a cyberattack causing a data breach of sensitive records.

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Fed. Circ. Revives Trump Tariffs As It Weighs Appeal

By Natalie Olivo

The Federal Circuit temporarily reinstated President Donald Trump's global tariffs Thursday, a day after the U.S. Court of International Trade held that an emergency law did not give the president "unbounded authority" to impose the measures.

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Trump Pardons Twice-Convicted Former Conn. Governor

By Brian Steele

President Donald Trump has pardoned former Connecticut Gov. John G. Rowland, a one-time chairman of the Republican Governors Association, who resigned from office in 2004 and served two stints in prison for corruption and lying to federal election officials.

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Ex-Atty's Death In Colo. Jail Sparks Suit Over Medical Neglect

By Craig Clough

The family of a disbarred attorney imprisoned for felony theft sued three members of the medical staff at the prison where he died, alleging in Colorado federal court Wednesday their neglect resulted in Steven Bachar dying from cardiac arrest after he asked for days for proper medical attention.

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Trump Names 4 Jurists, State AG Official For Fla. Judgeships

By Lynn LaRowe

President Donald Trump this week announced his nominations of four judges and a top official in the Florida Attorney General's Office to fill district judgeships in the Sunshine State's Middle and Southern Districts.

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Calif. Justices Propose Tweaking Rules For Bar Examiners

By Emily Sawicki

The California Supreme Court has proposed changes to the administration of the state's troubled bar exam, circulating a slate of amendments designed to clarify the role of the Committee of Bar Examiners, including spelling out its duty to review and approve all questions used in the exam.

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Titan Of The Plaintiffs Bar: Grant & Eisenhofer's Beth Graham

By Tracey Read

Elizabeth "Beth" Graham, a San Francisco-based principal at Grant & Eisenhofer PA and a member of its executive committee, played a key part in negotiating a $600 million settlement in April 2024 for plaintiffs in litigation arising from the 2023 Norfolk Southern train derailment, earning her a spot among Law360's 2025 Titans of the Plaintiffs Bar.

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COMPANIES IN TODAY'S NEWS

American Association for Justice

American Automotive Policy Council

American Bar Association

American Civil Liberties Union

Apple Inc.

Binance Holdings Ltd.

Binance.US

Citigroup Inc.

Coinbase Global Inc.

Colorado Bankers Life Insurance Co. Inc.

Cornell University

Democracy Forward Foundation

Education Corporation of America

FaZe Clan Inc.

First Liberty Institute

Fortress Investment Group LLC

Getty Images Holdings Inc.

Gilead Sciences Inc.

Global Growth LLC

JPMorgan Chase & Co.

Learning Resources Inc.

NASCAR Digital Media LLC

National Treasury Employees Union

Norfolk Southern Corp.

Ozone Networks Inc.

PGA TOUR Inc.

Paypal Holdings Inc.

Southeastern University

The Goldman Sachs Group Inc.

Visa Inc.

Wells Fargo & Co.

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Akin Gump

Arnold & Porter

Barnes & Thornburg

Blank Rome

Blood Hurst

Burg Simpson

Bush Ross

Cadwalader Wickersham

Chambers & Noronha

Clark Hill

Condon Tobin

Dilworth Paxson

Fox Rothschild

Freedman Normand

Galen & Davis

Gibson Dunn

Grant & Eisenhofer

Henderson Franklin

Hodgson Russ

Holland & Knight

Holland Holland Edwards

Jenner & Block

Katten Muchin

Kirkland & Ellis

Kobre & Kim

Kopelowitz Ostrow

L'Abbate Balkan

Latham & Watkins

Lieff Cabraser

McCarter & English

McGuireWoods

Milbank LLP

Milberg Coleman

Mintz Levin

Moritt Hock

Motley Rice

Norton Rose

O'Hagan Meyer

Paul Weiss

Perkins Coie

Pittman Dutton

Proskauer Rose

Quarles & Brady

Quinn Emanuel

Saul Ewing

Schneider Wallace Cottrell Konecky LLP

Seila Law

Simmons Hanly

Simpson Thacher & Bartlett LLP

Skadden Arps

Snell & Wilmer

Strauss Borrelli

Susman Godfrey

Thompson Coburn

Tyson & Mendes

Ward & Hagen

Wilkinson Stekloff

Williams & Connolly

Williams Mullen

Willkie Farr

WilmerHale

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Supreme Court

Commodity Futures Trading Commission

Consumer Financial Protection Bureau

Executive Office of the President

Federal Bureau of Investigation

Federal Deposit Insurance Corp.

Federal Election Commission

Federal Reserve System

Florida Attorney General's Office

New York Supreme Court, New York County

Patent Trial and Appeal Board

South Florida Water Management District

U.S. Attorney's Office for the District of Maryland

U.S. Attorney's Office for the Southern District of New York

U.S. Court of Appeals for the Federal Circuit

U.S. Customs and Border Protection

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Middle District of Florida

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of California

U.S. District Court for the Southern District of New York

U.S. House of Representatives

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Colorado

United States District Court for the Northern District of Alabama