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Fintech
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March 12, 2026
Democrats Vow To Oversee DOJ's Reported Binance Inquiry
Three Democratic U.S. senators said Thursday that they will oversee a reported investigation by the U.S. Department of Justice into potential Iran sanctions violations carried out on the cryptocurrency exchange Binance.
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March 12, 2026
PayPal Execs Hit With Derivative Suit Over 2027 Forecast
PayPal executives and directors were hit with a shareholder's derivative suit accusing them of damaging the company with comments about the strong growth trajectory for its branded checkout segment that the investor said turned out to be untrue.
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March 12, 2026
SoftBank-Backed PayPay Downshifts To $880M IPO
SoftBank Group Corp.-backed Japanese mobile payment service PayPay Corp. began trading on the Nasdaq on Thursday at $16 a share, below the range it had announced in early March as the war in Iran roils the market.
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March 12, 2026
CFTC Takes 1st Steps Toward Prediction Market Regulations
The U.S. Commodity Futures Trading Commission opened the door Thursday to promised prediction market regulation, calling for public feedback on what such rules might look like while laying out the staff's view on the current rules that the platforms should follow in order to offer betting on sports and other events.
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March 11, 2026
FDIC Plans No Pass-Through Stablecoin Insurance, Hill Says
Federal Deposit Insurance Corp. Chairman Travis Hill said Wednesday that his agency will propose expressly excluding payment stablecoins from pass-through insurance coverage, outlining the move as part of a wide-ranging update on his to-do list of regulatory initiatives.
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March 11, 2026
GreenSky, Ex-Workers Settle Wage Claims Amid Arbitration
GreenSky LLC told a Georgia federal court Wednesday it's reached a settlement in a wage suit from former customer service employees a month after the fintech company won a bid to force the suit into arbitration.
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March 11, 2026
Dems Float Bill To Ban Death-Tied Event Contracts
Two Democrats from California are proposing to outlaw event contracts that reference or relate to terrorism, war or an individual's death amid the rise of certain prediction markets involving political shake-ups.
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March 11, 2026
Kalshi Sues Iowa Regulators To Shield Sports Event Contracts
Kalshi sued Iowa state regulators Wednesday, seeking to stop the state from taking enforcement action against the prediction market's sports-event contracts, following a script that has played out across several states.
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March 11, 2026
Tether, Bitfinex Appeal Class Cert. In Bitcoin Rigging Suit
Digital asset companies Tether and Bitfinex have petitioned the Second Circuit to review a New York federal judge's recent decision granting class certification to two classes of investors in a suit accusing the companies of rigging the cryptocurrency market and costing investors hundreds of billions of dollars.
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March 11, 2026
Fed's Bowman Eyes 'Fine-Tuning' Of Bank Merger Reviews
Federal Reserve Vice Chair for Supervision Michelle Bowman said Wednesday that federal regulators are taking a look at the competition metrics used to evaluate bank mergers, signaling potential changes to the thresholds that guide when deals raise antitrust concerns.
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March 11, 2026
Investor Says JPMorgan Enabled $328M Crypto Scam
A proposed class suit filed Tuesday in California federal court accuses JPMorgan Chase Bank NA of enabling a $328 million cryptocurrency scam at Florida-based Goliath Ventures Inc.
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March 11, 2026
Fintech Lender Hit With 2nd Suit Over Cyberattack
A proposed class has accused a blockchain-based lender in North Carolina federal court of failing to protect their personally identifiable information from hackers, the second such lawsuit the company is facing over a recent data breach.
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March 11, 2026
Trump Cybercrime Order Creates New Compliance To-Do List
President Donald Trump's recent executive order calling for a coalition of government agencies to combat cybercrime is far more forceful than efforts under prior administrations, according to white collar lawyers, who tentatively applaud the proposal while warning it could raise new compliance risks.
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March 10, 2026
Polymarket Loses Bid To Block Mich. Gambling Enforcement
There's "no logical way" to view Polymarket's event contracts — which allow people to profit or lose on sports-related outcomes — as financial "swaps" as defined in the Commodity Exchange Act, a federal judge said Tuesday, denying the company's request to temporarily block Michigan officials from imposing state gambling laws.
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March 10, 2026
Dem Says 'Compromise' Can Thread Stablecoin Yield Needle
A key U.S. Senate Democrat called Tuesday for closing what bankers say is a stablecoin interest "loophole" that could siphon deposits from traditional lenders, stressing that compromise may be needed to avoid letting the "perfect be the enemy of good."
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March 10, 2026
Texas Crypto Exec Seeks To Vacate $141M Wyoming Judgment
A cryptocurrency executive is asking the Texas Business Court to vacate a $141 million Wyoming state court default judgment tied to an investment deal that is part of separate litigation from the U.S. Securities and Exchange Commission, according to a notice of removal.
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March 10, 2026
DOJ Unveils Superseding Policy For Corporate Criminal Cases
The U.S. Department of Justice on Tuesday released its first-ever, department-wide, corporate enforcement policy for criminal matters, outlining how it will decline to prosecute companies that voluntarily disclose misconduct, cooperate with investigators and remediate wrongdoing.
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March 10, 2026
Calif. Judge Says EFTA Doesn't Cover Wires In Discover Suit
Discover Bank has escaped a proposed class action accusing it of failing to reimburse consumers for wire fraud, ruling that a key federal payments law does not make Discover liable for the fraudulent $110,000 transfer made from the plaintiff's account.
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March 10, 2026
Robinhood Wants Mich. Gambling Law Enforcement Blocked
Robinhood Derivatives LLC has asked a Michigan federal judge to block the state from enforcing gaming laws against it, arguing that federal statutes give the Commodity Futures Trading Commission jurisdiction over sports-related event contracts.
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March 10, 2026
Feds Want October Retrial For Tornado Cash Founder
Federal prosecutors have requested an October retrial for the alleged operator of the Tornado Cash crypto mixer in a letter that told the Manhattan federal court the government intends to take another crack at bringing money laundering and sanctions charges that deadlocked a jury in August.
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March 10, 2026
Atkins Promises End To 'Duplicative' SEC-CFTC Enforcement
The U.S. Securities and Exchange Commission is in the process of updating its protocols for coordinating enforcement efforts with the Commodity Futures Trading Commission with an eye toward ending "duplicative enforcement actions," SEC Chair Paul Atkins said Tuesday.
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March 09, 2026
Treasury Digital Asset Report Pushes Innovative Compliance
The U.S. Department of the Treasury has published a report on stablecoin use and compliance to Congress as prescribed by the Genius Act, laying out plans to harmonize anti-money laundering standards for cryptocurrency activities.
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March 09, 2026
Ohio Judge Won't Shield Kalshi's Sports Contracts
An Ohio federal judge declined to block Kalshi's sports event contracts from state gambling regulators' scrutiny in a Monday order that found the wagers don't appear to be swaps under the exclusive jurisdiction of the U.S. Commodity Futures Trading Commission.
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March 09, 2026
Google Shuts Down Claims It Fired Worker Over Cancer
A Connecticut federal judge tossed a suit Monday from a former sales representative who said Google fired him after learning he had cancer to avoid paying out a $4 million life insurance policy, saying the ex-worker sent "mixed messages" on whether Google thought the condition was terminal.
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March 09, 2026
Pump.Fun Seeks Dismissal Of Meme Coin Buyers' Suit
Meme coin launchpad Pump.fun, its officers and related blockchain projects asked a New York federal judge to dismiss users' latest complaint, which added racketeering allegations and accused the defendants of operating an illegal digital casino, arguing it fails to establish jurisdiction or demonstrate the tokens at issue are securities.
Expert Analysis
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5 E-Discovery Predictions For 2026 And Beyond
2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.
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Where States Jumped In When SEC Stepped Back In 2025
The state regulators that picked up the slack when the U.S. Securities and Exchange Commission scaled back enforcement last year should not be underestimated as they continue to aggressively police areas where the SEC has lost interest and probe industries where SEC leadership has actively declined to intervene, say attorneys at Morgan Lewis.
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What's On Deck In Tribal Nations' Prediction Markets Litigation
Native American tribes' response to the expansion of sports-based prediction markets enters a decisive phase this year, with appellate courts positioned to address whether federal commodities law permits nationwide offering of sports-based event contracts free from state and tribal gaming regulation, say attorneys at Holland & Knight.
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Reviewing Historical And Recent NYDFS Blockchain Guidance
Excerpt from Practical Guidance
An industry letter released in the fall by the New York State Department of Financial Services, together with guidance issued over the past decade, signals a heightened regulatory expectation for covered institutions regarding the use of blockchain analytics and requires review, says Nicole De Santis at Nomadis Consulting.
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Series
Judges On AI: How Courts Can Boost Access To Justice
Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.
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Shopify Suit Is An Early Antitrust Test Of 'Buy Now, Pay Later'
An ongoing antitrust suit in Minnesota federal court filed by Sezzle against Shopify — one of the earliest such lawsuits focused on buy now, pay later services — could play a particularly informative role in how short-term credit offerings and the broader market develop, say attorneys at Alston & Bird.
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Opinion
The Case For Emulating, Not Dividing, The Ninth Circuit
Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.
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Banking M&A Outlook Reflects Favorable Regulatory Climate
The banking mergers and acquisitions environment is starting 2026 with a rare alignment of favorable market conditions and a more permissive regulatory atmosphere, creating a clear window for banks to pursue transformative combinations and shape the competitive landscape, say attorneys at Reed Smith.
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2025's Defining AI Securities Litigation
Three securities litigation decisions from 2025 — involving General Motors, GitLab and Tesla — offer a preview of how courts will assess artificial intelligence-related disclosures, as themes such as heightened regulatory scrutiny and risk surrounding technical claims are already taking shape for the coming year, say attorneys at Cooley.
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Targeted Action, Rule Tweaks Reflect 2025 AML Priority Shifts
Though 2025’s anti-money-laundering landscape was characterized not by volume of penalties but by the strategic recalibration of how illicit finance risk is handled, a series of targeted enforcement actions signaled that regulators aren't easing off the accelerator, even as they refine the rules of the road, say attorneys at MoFo.
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Series
Mass. Banking Brief: All The Notable Legal Updates In Q4
Among the most significant developments on the banking regulation front in Massachusetts last quarter, Attorney General Andrea Joy Campbell announced her bid for reelection, and the state Division of Banks continued its fintech focus by finalizing rules implementing a new money transmitter law, say attorneys at Nutter.
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Series
Muay Thai Makes Me A Better Lawyer
Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.
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Series
Law School's Missed Lessons: Intentional Career-Building
A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.
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State AG Enforcement During CFPB Gap Predicts 2026 Trends
State attorneys general responded to the decrease in Consumer Financial Protection Bureau enforcement in 2025 by stepping in to regulate consumer finance more than ever before, and the trends in rebooting CFPB investigations, cracking down on ESG and DEI initiatives, and fighting financial exploitation of homeowners will likely extend into 2026, say attorneys at Cozen O'Connor.
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Series
A Day In The In-House Life: Chime GC Talks Pathfinding
On a recent Tuesday in the office, Chime's general counsel Adam Frankel shares his typical work day, tackling everything from strategically guiding product launches and testing AI tools to mastering the perfect latte and making time for extracurricular interests.