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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TUESDAY, DECEMBER 16, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Senate Banking Committee Pushes Crypto Markup To 2026

By Aislinn Keely

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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Trustee Sues SafeMoon Leaders Over Alleged Fraud Scheme

By Rick Archer

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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Walmart Adds To Visa, Mastercard Swipe-Fee Deal Objections

By Katryna Perera

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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Analysis

The Top Patent Decisions Of 2025

By Dani Kass

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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LITIGATION

Catching Up With Delaware's Chancery Court

By Jeff Montgomery

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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DEALS

Juventus Rejects Crypto Firm Tether's Bid, Stock Soars

By Al Barbarino

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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PEOPLE

Cooley Adds Crypto-Focused Atty From Waymaker

By Emilie Ruscoe

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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Sen. Tim Scott's Ex-Chief Of Staff Joins Holland & Hart

By Jack Rodgers

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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EXPERT ANALYSIS

10th Circ. Dissent May Light Path For Master Account Access

While the Tenth Circuit's majority in Custodia Bank v. Federal Reserve Board recently affirmed Federal Reserve banks' control over master account access, the dissent raised constitutional questions that could support banks seeking master accounts in future litigation, say attorneys at Paul Hastings.

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The Tricky Issues Underscoring Prediction Market Regulation

Prediction markets are not merely testing the boundaries of commodities law — they are challenging the conventional divisions between gambling regulation and financial market oversight, and in doing so, may reshape both, says Braeden Anderson at Gesmer Updegrove.

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Series

The Law Firm Merger Diaries: Integrating Practice Groups

Enacting unified leadership and consistent client service standards ensures law firm practice groups connect and collaborate around shared goals, turning a law firm merger into a platform for growth rather than a period of disruption, says Brian Catlett at Fennemore Craig.

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LEGAL INDUSTRY

Former DLA Piper Associate Alleges Ex-Partner Raped Her

By Lynn LaRowe

A former Boston-based DLA Piper associate on Monday launched a state lawsuit alleging she was raped at the firm's Delaware office by a former partner purportedly known for heavy drinking and inappropriate workplace conduct toward female subordinates.

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Bonus Spotlight

Elsberg Baker Exceeds, Cohen Ziffer Matches Atty Bonuses

By Tracey Read

Trial boutique Elsberg Baker & Maruri PLLC announced Monday that its associates will earn up to $226,250 in extra cash this year.

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'Hardworking' 9th Circ. Senior Judge Sandra Ikuta Dies At 71

By Hailey Konnath

Senior U.S. Circuit Judge Sandra Segal Ikuta of the Ninth Circuit, who has been semi-retired since early November, died on Dec. 7 at the age of 71, exactly one month after assuming senior status, according to the Federal Judicial Center.

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ABA Flags AI Fears: Making Attys 'Worse At Their Jobs'

By Steven Lerner

The erosion of skills for junior associates, deepfakes as evidence in court and the lack of technical knowledge in law firms were among the top fears and challenges listed by the American Bar Association in a new report about artificial intelligence in the legal profession.

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Ex-US Attys Say Pardons, Loyalty Demands Hurt Rule Of Law

By Adrian Cruz

A bipartisan group of former U.S. attorneys spoke publicly Monday on their concerns regarding the direction the U.S. justice system has taken since the start of the second Trump administration and the potential risks that may pose to the rule of law.

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Arbitration Ruling Stands In Morgan & Morgan Class Action

By Chart Riggall

A Georgia federal judge said Monday she won't backtrack on her decision to send a malpractice lawsuit from a former client of Morgan & Morgan PA to arbitration, once again rejecting his arguments that his proposed class claims were exempt from an agreement to arbitrate disputes.

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Atty Seeks To Block Law Banning Fee-Sharing With ABS Firms

By Emily Sawicki

The attorney challenging a California law that blocks fee-sharing with out-of-state law firms owned by nonlawyers has petitioned for enforcement of the law to be suspended before it is set to go into effect on Jan. 1.

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Judge Won't Boot Bondi-Appointed Prosecutor In LA

By Emily Sawicki

A federal judge has refused to reconsider his ruling disqualifying Bill Essayli from holding the role of U.S. attorney but allowing him to serve as the first assistant U.S. attorney for the Central District of California, finding that Essayli's appointment by U.S. Attorney General Pamela Bondi is valid.

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Judge Willing To Take 'Heat' For Blocking ICE Arrest, Jury Told

By Nate Beck

A Wisconsin judge was willing to "take the heat" for using a staff hallway to usher an unauthorized immigrant out of her courtroom, a federal jury heard Monday, as a defense attorney argued she can't be found guilty by association just because someone in her courtroom tried to flee immigration agents.

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COMPANIES IN TODAY'S NEWS

AMC Entertainment Holdings Inc.

American Bar Association

American Express Co.

American International Group Inc.

B. Riley Financial Inc.

Banco San Juan Internacional Inc.

Blue Bell Creameries LP

Bolt Financial Inc.

City National Bank

DraftKings Inc.

Euronext Amsterdam NV

Exor NV

FanDuel Inc.

Fox Corp.

Genworth Financial Inc.

Getty Images Holdings Inc.

Google LLC

Groupon Inc.

Intuitive Surgical

Italian Colors Restaurant

JRSK Inc.

MasterCard Inc.

National Association of College Stores Inc.

New York University

Paramount Global

Paypal Holdings Inc.

Robinhood Markets Inc.

SIG Susquehanna

Southwest Bancorp, Inc.

State Bar of California

UCLA School of Law

University of Southern California

Ventria Bioscience

Vornado Realty Trust

Walmart Inc.

LAW FIRMS IN TODAY'S NEWS

ArentFox Schiff

Arnold & Porter

Ashby & Geddes

Bradley Arant

Brafman & Associates

Cohen Ziffer

Cooley LLP

Cravath Swaine

DLA Piper

Dowd Bennett

Elsberg Baker

Fennemore

Fenwick & West

Foley & Lardner

Freed Kanner

Gesmer Updegrove

Gimbel Reilly

Grant & Eisenhofer

HSF Kramer

Hilliard Shadowen

Hogan Lovells

Hoggan Lee

Holland & Hart

Holland & Knight

Holwell Shuster

Jones Day

Kiesel Law

Kirkland & Ellis

Knobbe Martens

Milbank LLP

Morgan & Morgan PA

Nussbaum Law Group

O'Melveny & Myers

Parsons Behle

Paul Hastings

Paul Weiss

Perkins Coie

Quinn Emanuel

Savage Turner

Schmoyer Reinhard

Selendy Gay

Shah Litigation

Skadden Arps

Sterne Kessler

Strang Bradley

Thompson Coburn

Waymaker LLP

WilmerHale

Wisner Baum

Wolf Popper

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

California Department of Justice

Commodity Futures Trading Commission

Commonwealth of Massachusetts

Federal Bureau of Investigation

Federal Judicial Center

Federal Reserve Bank of Kansas City

Federal Reserve Bank of New York

Federal Reserve Bank of San Francisco

Federal Reserve System

International Trade Commission

Patent Trial and Appeal Board

Superior Court of Massachusetts

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Eastern District of Wisconsin

U.S. Bankruptcy Court for the District of Utah

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Energy

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the Central District of California

U.S. District Court for the District of Hawaii

U.S. District Court for the District of Idaho

U.S. District Court for the District of Maryland

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

U.S. District Court for the Eastern District of New York

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

U.S. District Court for the Southern District of New York

U.S. Environmental Protection Agency

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 Nevada

United States District Court for the District of Wyoming

United States District Court for the Eastern District of Wisconsin

United States District Court for the Southern District of Georgia