The House of Representatives on Thursday agreed to send a bill to regulate stable-value tokens to the president's desk, in addition to advancing proposals to regulate crypto markets and ban the government from exploring the issuance of a digital dollar onto the Senate.
Law360
Fintech
FRIDAY, JULY 18, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

3 Crypto Bills Pass House, With Stablecoins Headed To Trump

By Aislinn Keely

The House of Representatives on Thursday agreed to send a bill to regulate stable-value tokens to the president's desk, in addition to advancing proposals to regulate crypto markets and ban the government from exploring the issuance of a digital dollar onto the Senate.

Read full article » | Save to favorites »

Bitcoin Treasury Firm To Go Public Via $1.5B SPAC Deal

By Katryna Perera

Bitcoin investment company BSTR Holdings Inc. announced on Thursday that special purpose acquisition company Cantor Equity Partners I Inc. will provide it with up to $1.5 billion in financing in a go-public deal, guided by Ellenoff Grossman & Schole LLP and Skadden Arps Slate Meagher & Flom LLP.

Read full article » | Save to favorites »

Circle's Bank Plans Include Regulatory Vets At Helm

By Jon Hill

Stablecoin giant Circle has tapped Heath Tarbert, its president and former top derivatives regulator, as well as a former Office of the Comptroller of the Currency chief counsel to help oversee its proposed national trust bank, according to application materials made public Thursday.

1 document attached | Read full article » | Save to favorites »

Watchdog Raises Concerns On 9th Circ. Nominee's Crypto Work

By Courtney Bublé

President Donald Trump's nominee for the Ninth Circuit has a long record of representing cryptocurrency companies, which a watchdog group fears could aid what it calls the president's "self-enrichment" with digital currency.

Read full article » | Save to favorites »

ENFORCEMENT & COMPLIANCE

CFTC Restructures Enforcement Division Amid Layoffs

By Jessica Corso

The Commodity Futures Trading Commission plans to lay off around two dozen staff members and has restructured its enforcement division by eliminating some management positions, a person familiar with the matter told Law360 Thursday.

Read full article » | Save to favorites »

Former Club Rugby Champ Jailed For Crypto Ponzi Scheme

By Alex Lawson

A Seattle federal judge on Wednesday sentenced a former national champion club rugby player to 30 months in prison for wire fraud after he defrauded investors with promises of building a new cryptocurrency mining operation.

Order attached | Read full article » | Save to favorites »

EXPERT ANALYSIS

GENIUS Act Creates 'Commodity' Uncertainty For Stablecoins

Half a century ago, Congress made trading in onion futures on commodity exchanges unlawful, and payment stablecoins could soon face a similarly unstable fate in the markets as the GENIUS Act heads to the president's desk for signature, says Peter Malyshev at Cadwalader.

Read full article » | Save to favorites »

Feds' Shift On Reputational Risk Raises Questions For Banks

While banking regulators' recent retreat from reputational risk narrows the scope of federal oversight in some respects, it also raises practical questions about consistency, reputational management and the evolving political landscape surrounding financial services, say attorneys at Smith Anderson.

Read full article » | Save to favorites »

Series

Playing Mah-Jongg Makes Me A Better Mediator

Mah-jongg rewards patience, pattern recognition, adaptability and keen observation, all skills that are invaluable to my role as a mediator, and to all mediating parties, says Marina Corodemus.

Read full article » | Save to favorites »

LEGAL INDUSTRY

5 Things To Know As California Courts Decide On AI Rule

By Emily Sawicki

Fourteen months after California Supreme Court Chief Justice Patricia Guerrero first convened a task force to study potential benefits and risks of using artificial intelligence in the court system, the Judicial Council of California is poised Friday to consider the proposed rules and standards the task force developed.

Read full article » | Save to favorites »

Dems Walk Out On Vote Of Emil Bove For 3rd Circ.

By Courtney Bublé

The Democrats on the Senate Judiciary Committee walked out of the vote on Emil Bove's Third Circuit nomination on Thursday morning after Sen. Cory Booker, D-N.J., accused committee chair Sen. Chuck Grassley, R-Iowa, of subverting committee rules by not acknowledging his request to speak and rushing through the nomination.

Read full article » | Save to favorites »

US Trustee Says Constitution Bars Jackson Walker Jury Trial

By Adrian Cruz

The federal government's bankruptcy watchdog told a Texas federal judge that under the Seventh Amendment, Jackson Walker LLP isn't entitled to a jury trial in its fee dispute stemming from a former bankruptcy judge's secret relationship with a onetime partner.

Response attached | Read full article » | Save to favorites »

Wis. Senators Send List Of Bipartisan 7th Circ. Picks To Trump

By Courtney Bublé

The senators from Wisconsin, one Republican and one Democrat, have sent President Donald Trump a list of five candidates for the seat of the Seventh Circuit that is slated to open in October.

Letter attached | Read full article » | Save to favorites »

Israel Criticism Isn't Antisemitism, Judge Tells DOJ Lawyers

By Julie Manganis

A Massachusetts federal judge overseeing a free speech trial over deportation actions targeting pro-Palestinian students and faculty said Thursday that "criticism of the state of Israel is not antisemitism," and that even the most "vile" statements, absent threats or violence, are protected by the First Amendment.

Read full article » | Save to favorites »

J&J Loses Bid To DQ Beasley Allen From Talc MDL Committee

By George Woolston

A New Jersey federal judge on Thursday denied Johnson & Johnson's bid to remove the Beasley Allen Law Firm from the plaintiffs steering committee in the multidistrict talc litigation but said that changes would be made to the committee's structure.

Read full article » | Save to favorites »

Former Microsoft GC Remembered As Rule Of Law Champion

By Andrea Keckley

Former American Bar Association President William H. "Bill" Neukom, the first head lawyer for Microsoft and a longtime partner at a predecessor firm to K&L Gates LLP, has died at age 83, the bar said Wednesday.

Read full article » | Save to favorites »

Wisconsin Bar Settles Atty's Legal Challenge Over DEI Efforts

By Madison Arnold

The State Bar of Wisconsin has settled a lawsuit from a lawyer challenging its diversity, equity and inclusion efforts, with the agency agreeing to apply a tweaked definition of diversity to two leadership programs.

Report attached | Read full article » | Save to favorites »

Fla. Law Firm Zumpano Patricios Hit With Data Breach Suit

By Sarah Martinson

Miami-headquartered national law firm Zumpano Patricios is facing a proposed class action in Florida federal court accusing the firm of failing to protect sensitive information, including dates of birth and healthcare payments, that was compromised in a May data breach.

Complaint attached | Read full article » | Save to favorites »

LA Ex-Judge Admonished For 'Discourteous,' 'Demeaning' Talk

By Hailey Konnath

California's Commission on Judicial Performance has publicly admonished a retired Los Angeles state judge for a pattern of "discourteous, undignified and impatient" behavior that also involved "demeaning" remarks toward women, findings that the judge said don't reflect "the full complexity of the circumstances."

1 document attached | Read full article » | Save to favorites »

SEC Atty Exits After Hiding Revoked License, OIG Says

By Jessica Corso

A longstanding employee of the U.S. Securities and Exchange Commission resigned after it was discovered that they had falsely reported being in good standing with a state bar association, according to the regulator's inspector general.

1 document attached | Read full article » | Save to favorites »

Analysis

6 Cases For Patent Attys To Watch In The Second Half Of 2025

By Dani Kass

The Federal Circuit is considering major questions about when delays in prosecuting patents become bad faith and whether the acting U.S. Patent and Trademark Office director is legally allowed to apply new rules retroactively. Here's what you need to know about these cases and others that attorneys are keeping an eye on for the rest of the year.

Read full article » | Save to favorites »

Promo that reads Meet Law360’s Newest Section: Criminal Practice with a photo of a bronze Lady Justice statue in the foreground and gavel in the background Promo that reads Law360 400

COMPANIES IN TODAY'S NEWS

American Association of University Professors

American Bar Association

Apple Inc.

Binance Holdings Ltd.

Cantor Fitzgerald LP

Coinbase Global Inc.

Dell Technologies Inc.

Getty Images Holdings Inc.

Google LLC

Harvard University

Hikma Pharmaceuticals PLC

Johnson & Johnson

LKQ Corp.

LinkedIn Corp.

Microsoft Corp.

Motorola Mobility LLC

Motorola Solutions Inc.

Nasdaq Inc.

National Treasury Employees Union

New York University

SAP AG

San Francisco Giants

Sonos Inc.

Stanford University

State Bar of California

State Bar of Wisconsin

Sturm, Ruger & Co. Inc.

Teva Pharmaceutical Industries Ltd.

The Goldman Sachs Group Inc.

UCLA School of Law

Varo Money Inc.

Wells Fargo & Co.

World Justice Project

LAW FIRMS IN TODAY'S NEWS

Ashcraft & Gerel

Baker Botts

Beasley Allen

Berman Fink

Cadwalader Wickersham

Cohen Placitella

Cole & Van Note

Corodemus & Corodemus

Crowell & Moring

Ellenoff Grossman

Faegre Drinker

Haynes Boone

Honigman LLP

Hurley Burish

Jackson Walker LLP

Jones Day

K&L Gates

McDermott Will & Emery

Norton Rose

O'Melveny & Myers

OnderLaw

Paul Hastings

Rusty Hardin

Saul Ewing

Sher Tremonte

Skadden Arps

Zimmer Citron

Zumpano Patricios

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Supreme Court

City and County of San Francisco, California

Commodity Futures Trading Commission

Executive Office of the President

Federal Bureau of Investigation

Federal Deposit Insurance Corp.

Federal Reserve System

Food and Drug Administration

Homeland Security Investigations

Illinois Supreme Court

Internal Revenue Service

Office of Foreign Assets Control

Office of the Comptroller of the Currency

Patent Trial and Appeal Board

U.S. Attorney's Office for the Western District of Washington

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Federal Circuit

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Columbia

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of Nebraska

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of North Carolina

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Middle District of Florida

U.S. District Court for the Middle District of Louisiana

U.S. District Court for the Southern District of Florida

U.S. District Court for the Western District of Washington

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Montana