Fintech

  • 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.

  • April 23, 2026

    Soldier Aware Of Maduro Raid Bet On Polymarket, Feds Say

    A U.S. Army sergeant stationed in North Carolina who helped plan the capture of deposed Venezuelan President Nicolás Maduro made lucrative, unlawful prediction market bets on the raid that saw Maduro brought to New York in January, Manhattan federal prosecutors charged on Thursday.

  • April 23, 2026

    Crypto.com Joins Arizona Prediction Markets Brawl

    Crypto.com has entered the Arizona battleground over prediction markets, joining Kalshi and the U.S. Commodity Futures Trading Commission in a consolidated civil suit against the state, seeking an order protecting its own sports contract offerings from the reach of Arizona gaming regulators.

  • April 23, 2026

    FDIC Sees Surging Growth In Bank Lending To Nonbanks

    The Federal Deposit Insurance Corp. said that bank loans to private equity, private credit and other nonbanks reached $1.4 trillion last year, identifying it as the fastest-growing category of lending for banks since the 2008 financial crisis.

  • April 23, 2026

    Robinhood Hit With Class Action Over Illegal Sports Betting

    A proposed class action California, Michigan, New Jersey and New York residents filed against Robinhood Markets Inc. accuses the company of deceptively running an unlicensed sports gambling operation and seeks to recover billions of dollars in lost wagers and damages.

  • April 22, 2026

    CFPB Curbs Fair Lending Oversight In Latest Reg Rollback

    The Consumer Financial Protection Bureau has moved to curtail enforcement of a decades-old federal fair lending statute, finalizing a rule that consumer advocates are condemning as an evisceration of antidiscrimination oversight.

  • April 22, 2026

    Pal Of Ex-Beneficient CEO Aided Fraud Cover-Up, Jury Hears

    A childhood friend of the founder and former CEO of Dallas-based financial services firm Beneficient on Wednesday told a Manhattan federal jury that he fabricated email correspondence and signed documents misstating his time as head of what prosecutors say was a shell company used to pull off a $100 million fraud.

Expert Analysis

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • Opinion

    Clarity Act Would Clear Welcome Pathways For Blockchain

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    The framework proposed under the Senate Banking Committee's version of the Clarity Act creates reasonable compliance obligations and meaningful token-distribution opportunities that would open the door for more U.S.-based blockchain projects, without the heightened risk of securities litigation and regulatory enforcement, says Karen Ubell at Goodwin.

  • 6 Noteworthy Changes From SEC Enforcement Manual Update

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    Recent updates to the U.S. Securities and Exchange Commission’s enforcement manual represent a commitment to transparency and fair process, with the signature change being a requirement that staff make certain probative evidence available during the Wells process, say attorneys at Debevoise.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • Get Smart: Navigating The Genius Act's Regulatory Gaps

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    While some recent Genius Act rulemaking has covered consumer protection issues within the stablecoin market, the context is generally narrow and the final outcome remains uncertain for financial institutions or companies in the evolving landscape, say attorneys at Paul Hastings.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.

  • Compliance Takeaways Amid Increased Auto Finance Scrutiny

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    Recent supervisory focus on consumer protection in auto finance by agencies such as the Federal Deposit Insurance Corp. provides meaningful signals regarding areas of heightened regulatory scrutiny for lenders, including data accuracy, AI risk management and vendor oversight, say attorneys at Snell & Wilmer.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • 5 Takeaways From OCC's 'Appealing' Exam Challenge Revamp

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    The Office of the Comptroller of the Currency's recent proposed overhaul of its bank appeals framework introduces several attractive, high-level changes that OCC-supervised banks and their counsel should note, and may lead to an increase in successful exam challenges, says James Williams at Venable.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • Del. Coinbase Outcome May Have Been Different In Texas

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    The Delaware Court of Chancery's recent decision in Grabski v. Andreessen, finding that a member of the Coinbase special litigation committee was not independent, provides guidance for Delaware boards regarding the formation, composition and operation of SLCs, while offering a counterpoint to the procedures available to Texas-incorporated companies, says John Lawrence at Baker Botts.

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