The U.S. Department of Justice and the U.S. Commodity Futures Trading Commission on Wednesday backed Kalshi's assertion that Arizona's gambling laws cannot be applied to federally regulated prediction market platforms, the same day the Phoenix federal court rejected Kalshi's bid to halt enforcement of those state laws.
The U.S. Department of Justice and the U.S. Commodity Futures Trading Commission on Wednesday backed Kalshi's assertion that Arizona's gambling laws cannot be applied to federally regulated prediction market platforms, the same day the Phoenix federal court rejected Kalshi's bid to halt enforcement of those state laws.
The U.S. Department of the Treasury's Financial Crimes Enforcement Network and Office of Foreign Assets Control issued a joint proposed rule Wednesday to implement the anti-money laundering and sanctions compliance program requirements of the federal stablecoin framework known as the Genius Act.
Economists to President Donald Trump said Wednesday that banning cryptocurrency exchanges from paying stablecoin rewards or yield would "do very little to protect bank lending" and leave consumers worse off, findings that come amid a contentious push to tighten yield restrictions.
The U.S. Securities and Exchange Commission announced Wednesday that it has appointed a Gibson Dunn & Crutcher LLP partner and former senior enforcement attorney to serve as director of the agency's Division of Enforcement, following the abrupt resignation of the most recent director.
Binance and its founder told a Delaware bankruptcy judge Wednesday there are no grounds on which to claw back a $1.76 billion payment to the cryptocurrency platform from its defunct competitor FTX, saying it was a fair deal reached outside her jurisdiction.
The U.S. Securities and Exchange Commission's Office of Inspector General has launched a cash awards program that the agency hopes will incentivize its workers to report fraud, waste and mismanagement.
The U.S. Securities and Exchange Commission's recent interpretive release — its most comprehensive statement ever on the application of the federal securities laws to crypto-assets — reimagines the Howey test to resolve long-standing questions over what is a security, but leaves many issues unresolved, say attorneys at Cahill.
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A former national billing director of Lewis Brisbois Bisgaard & Smith LLP filed a lawsuit in California state court this week accusing the firm of ignoring racist conduct and sexual harassment by partners, and alleging unethical billing practices and even embezzlement.
President Donald Trump announced Thursday evening that he is tapping Benjamin Flowers, former solicitor general of Ohio, to serve on the U.S. Court of Appeals for the Sixth Circuit.
Tucked into the Trump administration's budget request for fiscal 2027, the U.S. Department of Justice is trying once again to take an ax to a program that provides legal assistance to noncitizens.
California Gov. Gavin Newsom's recent executive order directing state agencies to implement guardrails for contracting with artificial intelligence companies marks a rift with the Trump administration's deregulatory approach that could proliferate across other states.
As a Federal Circuit panel reprimanded embattled attorney William Ramey on Thursday for the "disrespect" shown in his failed 3D glasses patent litigation against Volkswagen, the Federal Circuit's chief judge suggested precedent may be needed to define the role of marking in admissionless settlements.
The U.S. Department of Defense has not complied with a court order barring the Pentagon from taking press passes away from journalists who report on matters not authorized by the government, a D.C. federal judge ruled Thursday, saying the department's revised rules "achieve that same unconstitutional result."
A Georgia law firm wants a Nevada federal court to throw out a lawsuit accusing it of stealing trade secrets from litigation lead generator Archetype Capital Partners, calling the whole case "a far-flung conspiracy."
Embattled Texas firm MMA Law has filed nearly a score of complaints amid an ongoing bankruptcy action, including accusing a Louisiana attorney, his wife and an insurer of working together to "target, dismantle and destroy" the firm in an effort to avoid sharing a cut of legal fees stemming from storm damage claims.
