Fintech

  • May 14, 2026

    Senate Banking Committee Advances Landmark Crypto Bill

    The latest version of a bill to regulate crypto markets advanced out of the Senate banking committee on Thursday in a vote that saw two Democrats break with their colleagues to support the measure, though they warned their continued support of the so-called Clarity Act is contingent upon adding ethics language and other updates before the bill reaches the Senate floor.

  • May 14, 2026

    'Pig Butchering' Crypto Scam Victim Seeks $962K From IRS

    An Ohio man told a district court that the Internal Revenue Service wrongly denied his tax deduction claim for a loss of over $800,000 from a cryptocurrency "pig butchering" scheme despite the extensive documentation of the fraud he said he provided to the agency.

  • May 13, 2026

    Dems Target Ethics, Illicit Finance In Crypto Bill Amendments

    Lawmakers have offered over 100 amendments ahead of the Senate banking committee's Thursday markup of its latest proposal to regulate crypto markets, with Democrats proposing the lion's share of changes in an effort to add ethics language and beef up provisions addressing crypto's use in illicit finance.

  • May 13, 2026

    Pa. Crypto Scam Convict In Custody Over Fake Girlfriend, $60

    A convicted cryptocurrency scammer used a fake girlfriend to convince an old acquaintance to give him money and set up accounts for new crypto investments, which a federal judge said Wednesday was grounds for revoking his release while he awaited sentencing.

  • May 13, 2026

    2nd Circ. Backs Fed Reserve's Power To Cut Master Accounts

    The Federal Reserve has broad discretion to cut financial institutions off from master accounts, the Second Circuit ruled Wednesday, rejecting a Puerto Rico bank's argument that it has a statutory right to what is commonly referred to as "bank accounts for banks."

  • May 13, 2026

    Fintech Inks $8M Mass. Settlement Over 'Lease-To-Own' Biz

    A Texas-based financial technology company told a state court Wednesday it has agreed to a $7.8 million resolution of the Massachusetts attorney general's claims that it misled consumers about its "lease-to-own" contracts for consumer merchandise, causing customers to pay "far more than the retail price for their merchandise."

  • May 13, 2026

    DOJ Fraud Division Set To Shake Up White-Collar Enforcement

    President Donald Trump's administration created the U.S. Department of Justice's National Fraud Enforcement Division with a narrow focus on combating government program fraud, but a move to retain federal prosecutors focused on other types of fraud could signal a wider scope with potential ripple effects across white-collar enforcement.

  • May 13, 2026

    NHL's Blackhawks Challenge Fintech's Sponsor Deal In Ch. 11

    The Chicago Blackhawks have told the Delaware bankruptcy court the hockey team needs more information about a potential buyer if troubled crypto financial technology firm Blockfills assigns a sponsorship deal with the hockey team in its Chapter 11 case.

  • May 13, 2026

    Warsh Confirmed As Trump's Next Federal Reserve Chair

    The U.S. Senate signed off Wednesday on the White House's choice of Kevin Warsh to lead the Federal Reserve, capping off a monthslong process that became entangled in the Trump administration's push to criminally investigate outgoing Fed Chair Jerome Powell.

  • May 13, 2026

    FTX Trust Says Crypto Hedge Fund Owes $84M

    The recovery trust of defunct cryptocurrency exchange FTX has called a crypto hedge fund's $200 million claim "frivolous," countering that it is the hedge fund that owes the estate $84 million for a line of credit FTX had extended.

  • May 12, 2026

    Senate Crypto Bill Moves Toward Markup Sans Ethics Rules

    Senate banking committee Republicans released the latest version of a bill to regulate crypto markets that will serve as the base text for a Thursday markup, which could be complicated by Democrats' calls for ethics provisions and banks' opposition to language around stablecoin rewards.

  • May 12, 2026

    Online Betting Co. Kalshi Must Face Wis. Tribe's IGRA Claim

    A Wisconsin federal judge has ruled that the Ho-Chunk Nation can sue prediction market platform Kalshi under the Indian Gaming Regulatory Act, but he stripped racketeering and false advertising allegations from the tribe's gambling lawsuit targeting the company's sports event contracts.

  • May 12, 2026

    DC Circ. Asks Why Gov't Used 'Toxic' Detail In Crypto Trial

    The D.C. Circuit didn't seem sure which way to come down Tuesday morning on the various arguments put forth by the convicted operator of the Bitcoin Fog crypto mixer in an attempt to overturn his conviction.

  • May 12, 2026

    Google, Apple, Lenovo Hit With IP Suits Over Tap-To-Pay Tech

    A Delaware company has lodged lawsuits against Google, Apple and Lenovo alleging that they have infringed its patents covering contactless payment technologies, targeting the use of tap-to-pay systems in their smartphones and wearable devices.

  • May 12, 2026

    Bitcoin Depot Allowed Crypto Scam Via ATMs, Couple Says

    Bitcoin Depot systematically facilitated fraud involving cryptocurrency through its bitcoin ATM network, which targeted consumers who have lost thousands of dollars through the machines, according to a proposed class action in Idaho federal court brought by a couple who alleged they fell victim to such a scam.

  • May 12, 2026

    Shopify Must Face Most Buy Now, Pay Later Antitrust Claims

    E-commerce company Shopify Inc. can't shed monopolization claims brought by buy now, pay later payment platform Sezzle Inc., although a Minnesota federal judge has trimmed the dispute.

  • May 12, 2026

    CFTC's Selig Says AI Regulations May Be On The Horizon

    U.S. Commodity Futures Trading Commission Chair Michael Selig said Tuesday that his agency may introduce regulations regarding the use of artificial intelligence by exchanges and other regulated entities as a newly created innovation task force has started meeting with companies expressing an interest in the new technology.

  • May 12, 2026

    Blockchain Analytics Biz Raises $120M Series D Funding

    Blockchain analytics firm Elliptic on Tuesday announced that it has hit a valuation of $670 million after closing its latest funding round with $120 million of investor commitments.

  • May 12, 2026

    PayPal Settles Gov't DEI Probe With Small Biz Program

    The U.S. Department of Justice announced Tuesday that it has reached a settlement with PayPal Inc. to end an investigation into what the department said was a discriminatory investment program for Black- and minority-owned businesses.

  • May 12, 2026

    Trump Admin Will Take CFPB Funding Fight To 9th Circ.

    The Trump administration will challenge a California federal court decision that ordered the Consumer Financial Protection Bureau to continue drawing funding from the Federal Reserve, setting the stage for renewed litigation over the agency's access to cash.

  • May 12, 2026

    Senate Puts Warsh On Track To Replace Powell As Fed Chair

    The U.S. Senate on Tuesday confirmed Trump nominee Kevin Warsh to a board seat at the Federal Reserve, moving him one step closer to taking over from Jerome Powell as chairman of the central bank.

  • May 11, 2026

    Binance Wants Last Claim Tossed In Hamas Victims' Suit

    Binance and its former CEO Changpeng Zhao have asked a Manhattan federal court to toss the last remaining claim in a lawsuit alleging the cryptocurrency exchange aided and abetted the terrorist group Hamas' attack in Israel, saying recent decisions in similar cases support dismissal.

  • May 11, 2026

    Fed's Bowman Says Bank Ratings Changes Are On The Way

    Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that regulators are preparing an overhaul of a key ratings system used for grading the condition of banks, casting it as part of a broader push to refocus bank oversight on so-called material financial risks.

  • May 11, 2026

    SEC Sends Plan To Nix Settlement 'Gag Rule' To White House

    The U.S. Securities and Exchange Commission has submitted to the White House a plan for rescinding a more than 50-year-old policy of restricting defendants who settle enforcement actions from denying the claims against them.

  • May 11, 2026

    Kalshi To Take Arizona Injunction Bid To 9th Circ.

    Kalshi Inc. on Monday told the federal court overseeing its sports contract brawl with Arizona regulators that it's appealed an order denying its request to enjoin Arizona officials from enforcing state gaming laws against it to the Ninth Circuit.

Expert Analysis

  • Series

    Officiating Football Makes Me A Better Lawyer

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    Though they may seem to have little in common, officiating football has sharpened many of the same skills that define effective lawyering in management-side labor and employment: preparation, judgment, composure, credibility and ability to make difficult decisions in real time, says Josh Nadreau at Fisher Phillips.

  • Shifts At DOJ Alter Corporate Self-Disclosure Calculus

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    Though the Justice Department's new criminal enforcement policy clarifies the benefits of corporate self-disclosure, recent changes to prosecutorial priorities and resources mean that companies should reassess whether cooperation incentives still outweigh the risks of nondisclosure, says Hui Chen at CDE Advisors.

  • Series

    Law School's Missed Lessons: How To Draft Pleadings

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    Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or other type of pleading, but that gap can be closed by understanding the strategy embedded in every filing, writing with clarity and purpose, and seeking feedback at every step, says Eric Yakaitis at Haug Barron.

  • Tokenized Securities Have Capital Parity, But Details Matter

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    Recent guidance from the federal banking agencies clarifies that the use of distributed ledger technologies to issue and transact in securities will not affect the capital treatment of those instruments, but banks looking to apply parity treatment to tokenized securities should be prepared to document their qualification processes, say attorneys at Davis Polk.

  • At The Fed. Circ., Means-Plus-Function Is Not Quite Dead

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    Recent Federal Circuit opinions confirm that means-plus-function claims continue to be drafted, issued, litigated and even infringed — but minding the restrictions imposed over the years by courts and statute requires three steps, says Jay Yates at Patterson & Sheridan.

  • Crypto Trading App Statement Advances SEC's New Direction

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    While the U.S. Securities and Exchange Commission's staff statement from last week carving out an exemption from broker-dealer registration for crypto-trading apps isn't a formal or permanent rule, it's the clearest signal yet of a quickly emerging coherent regulatory framework for digital assets, says Stephen Aschettino at Fox Rothschild.

  • How Cos. Can Prep For Conn. Data Privacy Amendments

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    Effective July 1, 2026, amendments to the Connecticut Data Privacy Act narrow the safe harbor for data used by banks, insurance companies and other financial services businesses, highlighting how state regulators plan to focus on how companies handle sensitive data and honor the data rights of the state's residents, say attorneys at Day Pitney.

  • E-Discovery Quarterly: Recent Rulings On ESI Control

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    Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.

  • How Banks Can React To Risks In FinCEN Whistleblower Rule

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    Financial institutions should reassess and, if necessary, strengthen existing policies, procedures and other frameworks related to whistleblowers and internal reporting in light of the Financial Crimes Enforcement Network's recent proposal to formalize a whistleblower award program, say attorneys at Arnold & Porter.

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

  • Series

    Isshin-Ryu Karate Makes Me A Better Lawyer

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    My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.

  • CFTC Chair's Speech Hints At Innovation-Friendly Policies

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    Remarks made by Commodity Futures Trading Commission Chair Michael Selig at the Futures Industry Association's conference last month provided the most comprehensive articulation of his regulatory agenda and signaled a shift in the CFTC's regulatory posture, including a rare focus on agency coordination and support for digital asset innovation, say attorneys at Willkie.

  • How CFPB Opinion Changes Earned Wage Access Definition

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    The Consumer Financial Protection Bureau's recent conclusion that earned wage access is not "credit" for purposes of Regulation Z of the Truth in Lending Act improves on prior guidance on these products in several meaningful ways, say attorneys at K&L Gates.

  • Insights From OppFi Suit On Building Calif. Bank Partnerships

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    A California state judge’s tentative ruling, walking through business evidence that Utah bank FinWise was not a “rent-a-bank” that fintech firm Opportunity Financial used as a front to dodge interest rate caps on in-state lenders, offers a helpful road map for structuring legally compliant bank-fintech partnerships under California law, say attorneys at Manatt.

  • CFTC Actions Show Prediction Market Insider Trading Risks

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    It is a myth that insider trading law does not apply in prediction markets, as the U.S. Commodity Futures Trading Commission's recent enforcement actions illustrate that it has full authority to pursue such cases federally — and intends to, says attorney Gregg Goldfarb.

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