Fed Seeks Input On Limited Master Accounts For Fintechs

By Aislinn Keely

The Federal Reserve Board on Friday took another step toward rolling out what are known as skinny master accounts for fintech firms, requesting public feedback on a special purpose Reserve Bank account prototype "tailored to the risks and needs of institutions focused on payments innovation."

Notice attached | Read full article » | Save to favorites »

Coinbase Sues 3 States Over Event Contract Regulation

By Katryna Perera

Illinois, Connecticut and Michigan have been sued by cryptocurrency exchange Coinbase over their attempts to regulate the trading platform's prediction market offerings, with the firm arguing that the states are trying to unlawfully apply their gambling laws to federally regulated transactions that are under the jurisdiction of the Commodity Futures Trading Commission.

3 documents attached | Read full article » | Save to favorites »

SEC Enters Non-Monetary Settlements With FTX Trio

By Jessica Corso

Three co-conspirators in the $11 billion FTX fraud settled with the U.S. Securities and Exchange Commission on Friday, entering into agreements in which they will be handed temporary industry bars while not having to pay anything in disgorgement or penalties.

3 documents attached | Read full article » | Save to favorites »

CFTC Seeks Input On Prediction Market Regs

By Jessica Corso

The U.S. Commodity Futures Trading Commission is asking the public what steps it should take to protect customers trading on increasingly popular prediction markets, saying it might have to update its regulations "to consider the risk profiles and loss events unique" to the space.

1 document attached | Read full article » | Save to favorites »

FINRA Fines BofA Unit Over Order Routing Disclosures

By Emilie Ruscoe

Bank of America's securities unit will pay $225,000 to the Financial Industry Regulatory Authority to end claims it published error-filled reports about how it handled customer securities orders, FINRA has announced.

Settlement attached | Read full article » | Save to favorites »

Colo. IVF Co. Says AI Fertility Co. Owes Nearly $900K

By Rachel Konieczny

The maker of an in vitro fertilization incubator system has filed a breach of contract lawsuit in Colorado federal court, claiming an artificial intelligence-based fertility company owes it nearly $900,000 for embryoscope incubator systems it sold to the lab.

Complaint attached | Read full article » | Save to favorites »

Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen the designer of an 88-facet diamond bring a copyright claim against a luxury watch retailer, collapsed firm Axiom Ince bring legal action against the solicitors' watchdog, and the Post Office hit with compensation claims from two former branch managers over their wrongful convictions during the Horizon information technology scandal.

Read full article » | Save to favorites »

Changes In Crypto, Cybersecurity Defined NY Banking In 2025

The major takeaways from 2025 in New York banking policy involve updated guidance, regulations and requirements primarily affecting innovation and digital banking, in areas such as cybersecurity, virtual currencies, and buy now, pay later programs, say attorneys at Steptoe.

Read full article » | Save to favorites »

SEC Rulemaking Radar: A Reset, A Shift And A Preview Of '26

With major proposals withdrawn and new priorities emerging, forthcoming U.S. Securities and Exchange Commission proposals in 2026 will look to reshape how digital assets are regulated, recalibrate market structure and simplify how small companies go public, says Christopher Grobbel at Goodwin.

Read full article » | Save to favorites »

The CFTC's Road Ahead Under Newly Confirmed Chair

Michael Selig's Dec. 18 confirmation as U.S. Commodity Futures Trading Commission chair comes at a critical juncture, as the agency is poised to gain oversight over the crypto industry and increase its jurisdictional mandate covering prediction markets, says Elizabeth Lan Davis at Davis Wright.

Read full article » | Save to favorites »

How Fractional GCs Can Manage Risks Of Engagement

As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.

Read full article » | Save to favorites »

Hogan Lovells, Cadwalader's Divergent Paths Led To Deal

By Aebra Coe

The blockbuster combination between Hogan Lovells and Cadwalader Wickersham & Taft LLP announced this past week involves two law firms that have charted very different paths in recent years. Here, a look at what events led up to the firms joining together at the deal table.

Read full article » | Save to favorites »

Analysis

More Pardon Seekers Going 'Straight To The White House'

By Phillip Bantz

A nonprofit's unusual plan to make a mass pardon request directly to the Trump administration highlights burgeoning optimism among white collar defendants about their chances of securing relief, and a recognition that the clearest path to clemency no longer runs through the traditional channels.

Read full article » | Save to favorites »

4 Stories That Shaped Civil Rights, Access To Justice In 2025

By Marco Poggio

Civil rights and access to justice advocates faced mounting pressure in 2025, as President Donald Trump's return to office drove aggressive immigration enforcement, deep cuts to criminal justice funding, renewed Supreme Court scrutiny of the Voting Rights Act, and a steep increase in executions.

Read full article » | Save to favorites »

Federal Courts Not Subject To FOIA, DC Judge Rules

By Jake Maher

The conservative litigation group America First Legal Foundation cannot demand documents from the federal Judicial Conference of the U.S. and the Administrative Office of the U.S. Courts under the Freedom of Information Act because they are not executive agencies, a D.C. federal judge ruled Thursday.

Memorandum attached | Read full article » | Save to favorites »

Wis. Judge's Conviction In ICE Case Tees Up Legal Battle

By Ryan Boysen

The conviction of a Wisconsin state judge for obstructing ICE officers is just the start of what will likely be a long legal battle, with major questions over judicial immunity, the evidence at hand and the meaning of "corrupt" yet to be decided.

Read full article » | Save to favorites »

Justices Let Immigration Judges' Free Speech Suit Continue

By Ganesh Setty

The U.S. Supreme Court ruled on Friday that the Trump administration has failed to show it will be irreparably harmed by a Fourth Circuit decision that revived immigration judges' lawsuit challenging restrictions on their ability to speak publicly.

Order attached | Read full article » | Save to favorites »

Florida Supreme Court Approves Limits For Non-Lawyer Roles

By Madison Arnold

The Florida Supreme Court has signed off on a rule change to spell out that nonlawyers at a law firm cannot supervise the work of attorneys or perform policymaking duties that affect the practice of law.

Order attached | Read full article » | Save to favorites »

Keesal Young Drops Part Of Stradley Ronon Poaching Suit

By Madison Arnold

Keesal Young & Logan wants to drop part of its California state court lawsuit alleging Stradley Ronon Stevens & Young LLP unlawfully recruited 10 of its attorneys.

1 document attached | Read full article » | Save to favorites »

Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

In one of the stories in corporate legal news from the past week, almost half of the in-house legal professionals in a recent survey said they were either actively or passively seeking new jobs, citing stress, a struggle to build multidisciplinary teams and anxiety around artificial intelligence.

Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Kevin Penton

Five firms lead this week's edition of Law360 Legal Lions, after the D.C. Circuit reinstated an order that blocked the U.S. Environmental Protection Agency from freezing grants for climate change projects.

Read full article » | Save to favorites »

In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

Read full article » | Save to favorites »