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Fintech
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December 17, 2025
Trump Admin Asks Fed Whether It's Back In The Black
The U.S. Department of Justice on Tuesday asked the Federal Reserve to confirm whether it has returned to profitability, a potential opening for the Trump administration to draw new funding for the Consumer Financial Protection Bureau after insisting none is available.
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December 17, 2025
DC Circ. Grants En Banc Hearing On CFPB Layoff Plan
Additional D.C. Circuit judges will get to weigh in on the Trump administration's bid to dismantle the Consumer Financial Protection Bureau through mass layoffs, after the appeals court granted the agency's employees' union an en banc rehearing on a lower court's injunction stopping the firings.
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December 17, 2025
20 States Back 10th Circ. Rehearing In Colo. Interest Rate Row
Utah has led a group of 20 states in backing a push by banking groups for a full Tenth Circuit rehearing of their challenge to a Colorado law intended to curb high-cost lending in the state, saying a recent panel decision upholding the law harms states' interests.
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December 17, 2025
SEC Sues Over Alleged $48M Bitcoin Mining Fraud
The U.S. Securities and Exchange Commission filed a lawsuit on Wednesday, accusing the former CEO of a bitcoin mining company of misappropriating $48.5 million in investor funds before fleeing the country once he learned he was under SEC investigation.
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December 17, 2025
Crypto Card Co. Claims Millions Lost To Counterfeit Scheme
A Florida-based cryptocurrency trading card company claimed in Colorado federal court Wednesday that a man obtained counterfeit versions of its "Currency Series 1" cards and attempted to sell them on Facebook.
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December 17, 2025
Fed. Circ. Upholds Ax Of Patent From Settled Apple Case
The Federal Circuit on Wednesday refused to revive a patent for using credit cards on mobile devices, backing the Patent Trial and Appeal Board's finding that Apple was able to prove the patent was invalid.
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December 17, 2025
CFTC's Pham Will Head To Crypto Co. MoonPay After Exit
The U.S. Commodity Futures Trading Commission's acting Chair Caroline Pham is set to join cryptocurrency payments firm MoonPay as its top lawyer following her impending departure from the commission, MoonPay announced Wednesday.
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December 17, 2025
The Top Trademark Decisions Of 2025
The U.S. Supreme Court vacated a trademark infringement award that reached nearly $47 million and found nonparties couldn't be on the hook for the amount, while the Federal Circuit reproached a trademark tribunal for its handling of a man's attempt to register the F-word. Here are Law360's picks for the biggest trademark decisions of 2025.
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December 17, 2025
Robinhood's Bid To Halt Nevada Sports Order Denied
A Nevada federal judge has refused to grant Robinhood reprieve from his earlier decision denying the trading and investing platform an injunction that would have temporarily shielded its sports event contracts from state gaming regulators.
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December 16, 2025
FTC Orders Crypto Firm To Return Losses From $186M Hack
Blockchain infrastructure company Illusory Systems has agreed to overhaul its data security protocols and return to consumers money it's been able to recover from hackers who stole $186 million in a 2022 cyberattack in order to resolve the Federal Trade Commission's claims the company shirked its cybersecurity responsibilities, the agency said Tuesday.
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December 16, 2025
Fed Ends Goldman 1MDB, Metropolitan Card Consent Orders
The Federal Reserve announced Tuesday it has lifted consent orders against Goldman Sachs and Metropolitan Commercial Bank, closing matters tied to Goldman's purported role in the 1MDB scandal and Metropolitan's oversight of a prepaid-card program that government agencies alleged was fraud-ridden.
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December 16, 2025
SafeMoon CEO Seeks No Prison Time For Looting Conviction
The convicted former CEO of cryptocurrency company SafeMoon has asked a New York federal judge to spare him a prison sentence, pointing to mental health struggles related to his military service and childhood experiences.
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December 16, 2025
Crypto Host Must Pay $1.2M For Breaching Mining Deal
A federal judge in Washington state ruled Tuesday that a cryptocurrency computer host breached a contract it signed with a bitcoin mining company and unlawfully retained its equipment, awarding the mining firm $1.2 million in damages.
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December 16, 2025
FDIC Floats Application Process For Stablecoin Issuance
The Federal Deposit Insurance Corp. on Tuesday took its first major step towards implementing the federal stablecoin law known as the Genius Act when it moved forward with plans for an application process by which insured depository institutions can seek to issue stable-value tokens.
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December 16, 2025
Custodia Seeks Full 10th Circ. Review Of Master Account Suit
Custodia Bank says the full Tenth Circuit should review a split panel's decision granting Federal Reserve banks the discretion to reject master account access requests from eligible entities, arguing that the "incorrect" ruling wrongly gave Federal Reserve Bank presidents plenary power to determine "whether a bank shall live or die."
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December 15, 2025
Senate Banking Committee Pushes Crypto Markup To 2026
The Senate Banking Committee anticipates marking up a crypto market structure proposal in the new year as bipartisan negotiations on the bill continue, a spokesperson for committee chairman Tim Scott, R.-S.C, said Monday.
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December 15, 2025
Walmart Adds To Visa, Mastercard Swipe-Fee Deal Objections
Walmart has become the latest retailer to object to a proposed new settlement between Visa, Mastercard and a class of potentially millions of merchants to resolve two decades of antitrust litigation, claiming the class plaintiffs and counsel have "sold out their fellow class members."
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December 15, 2025
Trustee Sues SafeMoon Leaders Over Alleged Fraud Scheme
The liquidating trustee for cryptocurrency asset company SafeMoon has filed a lawsuit in Utah bankruptcy court accusing former top executives of looting tens of millions of dollars from "liquidity pools" and ultimately doing at least $100 million in damage to the company.
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December 15, 2025
Juventus Rejects Crypto Firm Tether's Bid, Stock Soars
The owners of Italian football club Juventus rejected an unsolicited buyout bid from crypto firm Tether, saying there is "no intention" of selling shares and helping to push the club's market capitalization above $1 billion as its stock surged Monday.
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December 15, 2025
Cooley Adds Crypto-Focused Atty From Waymaker
A fintech litigator whose clients have included Mango Markets trader Avraham Eisenberg and Tornado Cash co-founder Roman Storm is heading to Cooley LLP after 12 years at Waymaker LLP, Cooley announced Monday.
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December 15, 2025
Catching Up With Delaware's Chancery Court
Litigation in Delaware's Court of Chancery sprawled from a dispute over control of banana plantations along Africa's Congo River to a fight over the late musician Prince's estate last week. Along the way, a court ruling rejected a motion for a quick decision favoring Blue Bell Creameries director and officer calls for liability releases in a tainted ice cream saga that dates to 2015.
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December 15, 2025
The Top Patent Decisions Of 2025
The Federal Circuit decided its first en banc utility patent case in years and expanded who can use the U.S. International Trade Commission, while both the appeals court and U.S. Patent and Trademark Office took on the eligibility of AI patents. Here's a look at the top patent decisions of 2025.
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December 15, 2025
Sen. Tim Scott's Ex-Chief Of Staff Joins Holland & Hart
Holland & Hart LLP has tapped the former chief of staff for Sen. Tim Scott, R-S.C., to serve as a senior director of federal affairs in the firm's Washington, D.C., office, according to a Monday announcement.
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December 12, 2025
CFTC Drops 'Outdated' Crypto Guidance On Actual Delivery
The Commodity Futures Trading Commission has withdrawn what it called "outdated" guidance on the actual delivery of cryptocurrency, to be more in line with recommendations from the President's Working Group on Digital Asset Markets, and has issued no-action letters to several prediction market platforms.
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December 12, 2025
Merchant Orgs. Fight Latest Visa, Mastercard Swipe-Fee Deal
The National Association of College Stores, Energy Markets of America and other industry groups objected Friday to a proposed new settlement between Visa, Mastercard and a class of potentially millions of merchants to resolve two decades of antitrust litigation, claiming the deal "does not come close to fixing the swipe fee challenges" faced by merchants.
Expert Analysis
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Series
Building With Lego Makes Me A Better Lawyer
Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.
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How Banks Can Safely Handle Payments For Gambling Biz
As the betting market continues to expand, it's crucial for banks and fintechs to track historical developments in wagering and ongoing prediction markets litigation that can factor into a risk analysis for payment processing with respect to gambling operators, says Laura D'Angelo at Jones Walker.
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SEC Focused On Fraud As Actions Markedly Declined In 2025
The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.
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Series
Law School's Missed Lessons: Networking 101
Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.
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Defeating Estoppel-Based Claims In Legal Malpractice Actions
State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.
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A Look At State AGs' Focus On Earned Wage Products
Earned wage products have emerged as a rapidly growing segment of the consumer finance market, but recent state enforcement actions against MoneyLion, DailyPay and EarnIn will likely have an effect on whether such products can continue operating under current business models, say attorneys at Quinn Emanuel.
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Digital Asset Treasury Trend Signals Wider Crypto Embrace
While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.
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Series
The Biz Court Digest: How It Works In Massachusetts
Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.
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What To Note In OCC, FDIC Plan To Standardize Supervision
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp.'s recent proposals to standardize the meaning of "unsafe or unsound practice" and revise the process for issuing matters requiring attention could significantly narrow the scope of activities that spawn enforcement actions, says Brendan Clegg at Luse Gorman.
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How The SEC May Overhaul Its Order Protection Rule
Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.
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Why Appellees Should Write Their Answering Brief First
Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.
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Questions To Ask Your Client When Fraud Taints Financing
As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.
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Series
Mindfulness Meditation Makes Me A Better Lawyer
Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.
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AI Litigation Tools Can Enhance Case Assessment, Strategy
Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.
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Post-Genius Landscape Reveals Technical Stablecoin Hurdles
The Genius Act's implementation has revealed challenges for mass stablecoin adoption, but there are several factors that stablecoin issuers can use to differentiate themselves and secure market share, including interest rate, liquidity, and safety and security, say attorneys at Olshan Frome.