States Push FDIC To Include Them In Stablecoin Reviews

By Aislinn Keely

The Federal Deposit Insurance Corp. faces calls to coordinate with fellow federal agencies and include state banking regulators in its coming application process for stablecoin issuers under its supervision.

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Fed Pitches Formal Plan To Offer Fintechs 'Payment Accounts'

By Jon Hill

The Federal Reserve on Wednesday moved closer to giving financial technology firms a new route to accessing its payment rails, advancing a formal proposal to create a special type of "payment account" while calling for a pause on some pending full-account decisions.

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Analysis

Go West: Ex-CFPB Chief Poised To Make Mark Next In Calif.

By Jon Hill

Former Consumer Financial Protection Bureau Director Rohit Chopra's next act in government is poised to unfold on a new stage in California, but financial firms will likely recognize the script. Watch this space, attorneys tell Law360.

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BlockFills Says Examiner Unnecessary In Its Ch. 11

By Emily Lever

Cryptocurrency platform BlockFills has asked a Delaware bankruptcy judge not to appoint an examiner and Chapter 11 trustee in its case, arguing the private equity firm that requested the examiner did not raise any significant enough issue in the proceeding.

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Bank Ratings Would Focus More On Financial Risk Under Plan

By Jon Hill

Federal regulators have unveiled a proposal to revamp a key ratings system used for grading the condition of banks, outlining changes that could make it harder to penalize banks on exams for governance and compliance issues unless they pose a clear financial threat.

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Brief

SEC Watchdog Says Burglar Stole Laptops Amid Shutdown

By Jessica Corso

Four laptops were stolen from the U.S. Securities and Exchange Commission's Fort Worth, Texas, office after it was burglarized last year, according to the agency's Office of Inspector General.

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Binance Libel Suit Doesn't Show Actual Malice, Dow Jones Says

By Bonnie Eslinger

Dow Jones urged a New York federal judge to toss a defamation suit brought by Binance over a Wall Street Journal article saying the cryptocurrency exchange fired internal investigators who uncovered transactions that purportedly went to sanctioned Iranian-backed entities, arguing that Binance hadn't shown the article was published with actual malice.

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Black SEC Worker Claims Bias Suit Drove Retaliation

By Grace Elletson

A Black U.S. Securities and Exchange Commission employee filed a second employment discrimination suit against the agency, alleging she has been given unrealistic job expectations and placed on a performance improvement plan after claiming in court that her superiors discriminated against her.

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Big Issues Linger After Senate Prediction Market Trading Ban

Whether the Senate can — or should — extend prediction market trading restrictions beyond itself will test not only the boundaries of insider trading law, but also the structural limits of legislative power in an era where information itself has become a tradable asset, say attorneys at Benesch.

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Revised Fed Principles Balance Risk And Remediation

The Federal Reserve's recently updated supervisory principles sharpen standards for enforcement actions while rewarding self-identification and remediation, signaling a more transparent approach that could reduce uncertainty and reshape how banks manage examination risk and regulator engagement going forward, say attorneys at Davis Wright.

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Series

Law School's Missed Lesson: Diagnose Before Arguing

Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are internally coherent but externally misaligned, says Melanie Oxhorn at Kobre & Kim.

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Paul Hastings Adds Litigator Who Co-Led Paul Weiss Group

By Andrea Keckley

Paul Hastings LLP announced on Thursday that it has hired a Paul Weiss Rifkind Wharton & Garrison LLP practice co-leader with a long history of public sector work.

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Haynes Boone Brings On Dentons Corporate Atty In Houston

By Lynn LaRowe

Haynes Boone has bolstered its corporate bench in Houston with a former Dentons lawyer who brings particular experience advising clients with complex domestic and cross-border transactions.

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Bush-Appointed Missouri Judge To Take Senior Status

By Courtney Bublé

U.S. District Judge David Gregory Kays of the Western District of Missouri will take semi-retired status in May 2027, according to an update from the federal judiciary on Thursday.

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Acting NJ DEP Commissioner Pledges Streamlined Agency

By George Woolston

Acting New Jersey Department of Environmental Protection Commissioner Ed Potosnak told state lawmakers on Thursday that if he is confirmed, the agency will continue to become more streamlined and accessible.

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Skadden Adds Ex-National Futures Association GC In Chicago

By Christine DeRosa

The former general counsel for the National Futures Association has jumped to private practice at Skadden Arps Slate Meagher & Flom LLP in Chicago.

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Barnes & Thornburg Adds Boston Litigator From Nutter

By Jack Rodgers

Barnes & Thornburg LLP has hired a longtime Nutter McClennen & Fish LLP partner in Boston who will focus on commercial litigation and product liability matters for healthcare, medical devices and manufacturing clients, the firm announced Thursday.

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Immigration Judges' 'Anxiety' Dialed Up Amid Mass Exodus

By Emma Cueto

Current and former immigration judges spoke on a web panel Thursday about threats to the independence of immigration judges and the strains on the immigration system, such as a massive backlog of cases at a time when many judges have been pushed out or fired.

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Analysis

BigLaw Deals Scandal Puts Boston Back On White Collar Map

By Chris Villani

A sweeping insider trading case involving information stolen from BigLaw firms shows a return to bread-and-butter white collar enforcement for Boston federal prosecutors and provides a morale lift in an office that has seen shifting priorities and staff turnover since the signature "Varsity Blues" takedown in 2019, veteran prosecutors told Law360.

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PBM Swaps Cravath For WilmerHale In Price-Fixing Suit

By Bonnie Eslinger

Pharmacy benefit manager Prime Therapeutics LLC has replaced counsel Cravath Swaine & Moore LLP with WilmerHale and another firm in an antitrust case in Michigan federal court brought by the state's attorney general.

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