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Fintech
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March 25, 2026
FSOC Seeks To Rein In Too-Big-To-Fail Labels In Latest Pivot
Federal regulators moved Wednesday to curb their authority to subject large asset managers, insurers and other nonbank firms to heightened, bank-like supervision, proposing guidelines that would reinstitute tougher standards for these too-big-to-fail designations.
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March 25, 2026
Del. Chancellor Pauses Tesla Suit As Musk Cites LinkedIn Post
The Delaware Chancery Court has paused a high-profile Tesla stockholder case following a recusal bid from Elon Musk and Tesla Inc. after a judge's LinkedIn account appeared to react to a post celebrating a recent California jury verdict against Musk, including language praising efforts to stand up to "the richest man in the world."
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March 24, 2026
Charlie Javice Can't Get Retrial Based On Clerk Conflicts
A New York federal judge Tuesday shot down a retrial bid from Charlie Javice, who was convicted of conning JPMorgan Chase & Co. into buying her financial aid startup Frank, rejecting her argument that there was a conflict of interest because clerks who worked on the trial accepted jobs with the bank's firm.
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March 24, 2026
NY Regulator's Fintech Unit Chief Is Ex-BigLaw, CFPB Analyst
New York's financial services regulator announced Tuesday it has promoted one of its own to permanently head up its division responsible for licensing crypto firms and regulating fintech, a job formerly held by the agency's current acting Superintendent Kaitlin Asrow.
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March 24, 2026
Game Developer Seeks To Toss Suit Over NFT Delay
Game development studio Neon Machine Inc. urged a New York federal court to dismiss a suit brought by an investment fund specializing in virtual "real estate" over the company's alleged failure to timely deliver an unregistered NFT associated with an unreleased game, arguing the delays in developing the game do not warrant a securities fraud suit.
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March 24, 2026
BofA Wants Customer Suit Over Post-Jan. 6 Data Sharing Axed
Bank of America has asked a Florida federal judge to toss a proposed class action accusing it of financial privacy violations tied to the aftermath of the Jan. 6, 2021, U.S. Capitol attack, arguing the U.S. Supreme Court has held that bank customers do not have ownership or expectations of privacy over their bank account records.
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March 24, 2026
Warren Probes MrBeast's 'Ill Prepared' Crypto Plan For Kids
Massachusetts Sen. Elizabeth Warren, the ranking Democrat on the Senate Banking Committee, sent a letter to YouTube star MrBeast on Monday expressing skepticism about his potential plans to offer financial and cryptocurrency trading services to children, saying his company appears "ill prepared" for the move, while asking for information.
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March 24, 2026
Del. Lawmakers Roll Out Banking Overhaul, Stablecoin Bills
Delaware lawmakers unveiled a pair of bills aimed at overhauling the state's banking laws, which their sponsors say would position Delaware at the forefront of digital finance and mark the most significant update to its financial code in more than four decades.
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March 24, 2026
CFTC Creates Crypto, AI, Prediction Market Policy Task Force
U.S. Commodity Futures Trading Commission Chair Michael Selig announced the launch of an "Innovation Task Force" Tuesday, which will serve as a dedicated space for crypto, artificial intelligence and prediction market participants to interface directly with agency staff.
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March 24, 2026
Crypto Project Execs Escape Investors' Fraud, RICO Suit
A Tennessee federal judge has dismissed the alleged co-CEO and other executives of purported crypto projects from a suit accusing them of duping investors out of tens of millions of dollars with false promises of returns, finding the investors do not plausibly plead their fraud or racketeering claims.
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March 24, 2026
Fiserv, Credit Union Settle Payment Data Security Lawsuit
Fiserv Solutions LLC and Cencap Federal Credit Union have "tentatively settled" a Connecticut federal lawsuit accusing the payment processor and fintech provider of operating an online banking platform that contained security flaws.
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March 24, 2026
Hefty Sentence Beamed To Victims Draws 2nd Circ. Scrutiny
The Second Circuit expressed concern Tuesday over a 20-year prison term imposed by a Manhattan federal judge on a Florida crypto fraudster, a punishment his lawyer argued was caused by unchecked victim vitriol expressed during a sentencing that was improperly broadcast.
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March 24, 2026
Trump Fights To Keep JPMorgan Debanking Suit In Fla. Court
President Donald Trump asked a Miami federal judge to send his $5 billion debanking lawsuit against JPMorgan Chase Bank NA back to Florida state court, arguing the banking giant is staking its basis for federal jurisdiction on an "overly expansive interpretation" of Florida law.
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March 23, 2026
Bankman-Fried Must Reveal Any Legal Help In Pro Se Motion
A federal judge in Manhattan on Monday ordered incarcerated FTX founder Sam Bankman-Fried to reveal how much, if any, attorney help he had in drafting his motion for a new trial, saying criminal defendants don't have the right to both represent themselves and be represented by counsel.
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March 23, 2026
Polymarket Bars Insider Trading In Latest Rule Book Update
Polymarket announced Monday that it's updating its rule book to address insider trading in event contracts, explicitly barring trades on stolen confidential information, illegal tips or by those who can "influence the outcome" of a prediction market.
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March 23, 2026
FINRA Fines Stash Capital For AML, Identity Theft Controls
The Financial Industry Regulatory Authority fined digital investing platform operator Stash Capital $450,000 for allegedly failing to properly review applications and detect suspicious account activity during a period of sharp customer growth.
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March 23, 2026
Tenn. Regulators To Challenge Kalshi Win At 6th Circ.
Tennessee regulators are asking the Sixth Circuit to review an order barring them from taking action against Kalshi's sports contracts, marking the latest event contract dispute to reach an appeals court.
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March 23, 2026
SEC's Atkins Promises Changes To Adviser Pay-To-Play Rule
U.S. Securities and Exchange Commission Chairman Paul Atkins indicated Monday that his agency plans to loosen the rules around political contributions made by investment advisers, saying that current regulations present a "trap for the unwary."
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March 23, 2026
Senators Push Bill To Ban Sports Bets On Prediction Markets
A bipartisan pair of senators are looking to shutter sports contracts on prediction market platforms such as Kalshi and Polymarket, introducing a bill Monday to clarify that these types of offerings are under the jurisdiction of state gambling laws, not the Commodity Futures Trading Commission.
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March 20, 2026
Ala. Co. Says $2M Bitcoin Mining Suit Must Be Arbitrated
An Alabama company targeted in a $2 million fraud lawsuit by a Singaporean firm that creates cryptocurrency via Bitcoin mining has told a federal judge that the disagreement should be arbitrated, saying the case is fundamentally a dispute over a contract that contains a mandatory arbitration clause.
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March 20, 2026
UBS Gets Final OCC Nod For US Arm To Be National Bank
The Office of the Comptroller of the Currency has granted final approval for UBS Group AG to convert its U.S. depository subsidiary into a national bank, a move the Swiss banking giant is touting as a boon for its stateside growth ambitions.
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March 20, 2026
BofA Hit With 2nd Class Suit Over Alleged $328M Crypto Scam
Bank of America and a New Jersey IRA‑LLC facilitator are facing a growing wave of litigation over their alleged roles in enabling the $328 million Goliath Ventures cryptocurrency scam, with two new federal class actions filed this week accusing them of helping steer retirement and investment funds into what prosecutors say was a massive Ponzi scheme.
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March 20, 2026
CFTC Gives Update On Crypto Collateral Expectations
The U.S. Commodity Futures Trading Commission gave registrants more information about its expectations around the use of crypto collateral in a Friday notice, which reminded futures commission merchants they must notify the agency's Market Participants Division if they plan to take advantage of a pilot program launched last year.
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March 20, 2026
5th Circ. Won't Rehear FDIC Enforcement Challenge
The Fifth Circuit said Friday that it won't revisit a constitutional challenge to the Federal Deposit Insurance Corp.'s use of in-house enforcement proceedings, turning down a petition that had drawn support from the U.S. Chamber of Commerce and civil liberties groups.
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March 20, 2026
Top SEC Enforcer Signals Continuity After Ryan Departure
The U.S. Securities and Exchange Commission's acting enforcement chief said Friday that the agency will continue to "focus on quality over quantity" when it comes to the cases it brings, projecting continuity with his predecessor's approach after her abrupt departure from the agency earlier this week.
Expert Analysis
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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OCC Mortgage Escrow Rules Add Fuel To Preemption Debate
Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.
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CFIUS Initiative May Smooth Way For Some Foreign Investors
A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.
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When Tokenized Real-World Assets Collide With Real World
The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.
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Drafting Tech Patents After USPTO's Eligibility Memos
Two recent U.S. Patent and Trademark Office memos on subject matter eligibility declarations provide an evidentiary playbook for artificial intelligence and software patent applications, highlighting how targeted, stand‑alone SMEDs that present objective, claim‑anchored facts can improve patent application outcomes, say attorneys at Reed Smith.
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How Lenders Can Be Ready For Disparate Impact Variabilities
Amid state attorneys general's and regulators' mixed messaging around disparate impact liability, financial institutions can take several steps to minimize risk, including ensuring compliance management aligns with current law and avoiding decisions that impede growth in business and service, says Elena Babinecz at Baker Donelson.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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A Closer Look At California Financial Regulator's 2026 Agenda
California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.
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Series
Trail Running Makes Me A Better Lawyer
Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.
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How Securities Class Action Deals Fare After Prelim Approval
An analysis of Institutional Shareholder Services data from the last 10 years shows that preliminarily approved class action settlements are unlikely to be denied in the final-approval stage, while procedural delays are more common than withdrawal or termination, says Rahul Chhabra at Charles River Associates.
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What Applicants Can Expect From Calif. Crypto License Law
With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.
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Malpractice Claim Assignability Continues To Divide Courts
Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.
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What Clarity Act Delay Reveals About US Crypto Regulation
The Senate Banking Committee's decision to delay markup of the Clarity Act, which would establish a comprehensive federal framework for digital assets, illuminates the political and structural obstacles that shape U.S. crypto regulation, despite years of bipartisan calls for regulatory clarity, says David Zaslowsky at Baker McKenzie.
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How Latest Nasdaq Proposals Stand To Raise Listings Quality
Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.
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Opinion
CFIUS Must Adapt To Current Foreign Investment Realities
To continue protecting the U.S.’ long-term strategic and economic interests, the Committee on Foreign Investment in the United States should implement practical enhancements that leverage technology, expertise and clear communication, and enable it to keep pace with evolving demands, says attorney Sohan Dasgupta.