Two members of the Senate Banking Committee on Friday shared language governing interest and rewards payments on stablecoins that appears to resolve a key battle between banks and fintech companies stalling the Senate's progress on a bill to regulate crypto markets known as the Clarity Act.
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TOP NEWS

Senators Unveil Stablecoin Yield Compromise For Crypto Bill

By Aislinn Keely

Two members of the Senate Banking Committee on Friday shared language governing interest and rewards payments on stablecoins that appears to resolve a key battle between banks and fintech companies stalling the Senate's progress on a bill to regulate crypto markets known as the Clarity Act.

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2nd Circ. Urged To Remand Fed-Blocked Mortgage Program

By Katryna Perera

Major banking industry groups have urged the Second Circuit to remand to the Federal Reserve Board its order blocking a New York bank's proposed cash guarantee program for homebuyers, arguing the decision relied on a flawed legal interpretation that would effectively erase a key pathway for banks to pursue "complementary" nonbank activities.

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Q&A

How Paul Clement Does It All

By Katie Buehler

For most lawyers, getting to argue before the U.S. Supreme Court is a once-in-a-lifetime event, but for a select few, it's a common occurrence. Clement & Murphy PLLC name partner Paul Clement is one of those lawyers. 

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ENFORCEMENT & COMPLIANCE

Crypto 'Wash Trading' Co. Employee Ordered To Self-Deport

By Bonnie Eslinger

A California federal judge Friday ordered one of 10 foreign nationals accused of manipulating the cryptocurrency markets through "wash trading" to self-deport back to India after finding the 26-year-old man played a "relatively minor role" in the scheme, sentencing him to time already served.

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NYDFS Fines Delta Dental $2.25M Over MOVEit Data Breach

By Allison Grande

Delta Dental has agreed to pay $2.25 million to resolve the New York financial regulator's claims that the insurer maintained inadequate cybersecurity and breach response measures that enabled hackers to obtain access to files sent through the MOVEit transfer tool containing its customers' personal information. 

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LITIGATION

Feds Say RealPage Deal Fixes Rental Pricing Concerns

By Matthew Perlman

The government has told a North Carolina federal court its settlement with RealPage fully resolves issues regarding landlords using the company's software to inflate rental rates, despite criticism from a pro-enforcement group.

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Pizzeria Urges 6th Circ. To Strike Fed's Debit Swipe-Fee Cap

By Katryna Perera

A Kentucky restaurant is urging the Sixth Circuit to overturn the Federal Reserve Board's cap on debit-card swipe fees for large banks, arguing the cap was set too high and was wrongly upheld by a lower court last year.

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Crypto Co. Seeks Sanctions For Depo Conduct In $8.1M Suit

By Hayley Fowler

A cryptocurrency business that accuses a former trader of usurping $8.1 million in digital assets wants him sanctioned for his conduct during a deposition, saying he was coached by his attorney and intentionally gave ambiguous answers.

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PEOPLE

LEGAL INDUSTRY

Bondi Spurs Ethics Doubts By Using DOJ Official As Counsel

By Courtney Bublé

Harmeet Dhillon, an official with the U.S. Department of Justice, is representing former Attorney General Pam Bondi in proceedings before the House oversight committee, which Democrats on the panel say raises ethical quandaries.

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Attys Defend $85M Fee Bid Blasted By Judge In Google Deal

By Bonnie Eslinger

Consumers who pursued an antitrust class action against Google urged the California federal judge who criticized their 98,000 hours billed as "grotesquely bloated" to approve their $85 million fee request, emphasizing Friday that they filed suit a year before state attorneys general joined the case and maintained a leading role in the litigation.

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Military Atty Can Prosecute Minn. Civilian Despite Regulations

By Jack Karp

A Minnesota federal judge won't stop a military attorney from being appointed to prosecute a civilian accused of assaulting federal immigration officers, despite finding that the appointment violates binding U.S. Department of Defense regulations.

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DOJ Apology For Hidden Warrant Not Satisfying For Judge

By Tom Lotshaw

A Rhode Island federal judge, whom the U.S. Department of Homeland Security criticized for releasing a noncitizen with an alleged overseas warrant for homicide, was dissatisfied with an assistant U.S. attorney's apology for not disclosing the warrant to the court beforehand.

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Wash. Bar Task Force Spotlights Atty Mental Health Issues

By Rachel Riley

A Washington State Bar Association wellness survey of roughly 900 members found that nearly 10% said they experienced suicidal thoughts or self-harm in the past year, and about 20% expressed concerns about their alcohol consumption, a task force reported to bar leadership on Saturday.

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Lewis Brisbois Gets Ex-Paralegal's Claims Sent To Arbitration

By Adrian Cruz

A Florida state judge determined that a former Lewis Brisbois Bisgaard & Smith LLP paralegal has to arbitrate her claims accusing the firm of defamation and costing her a job at another firm.

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Sinema Pans 'Gross Distortion' By Ex-Guard's Wife In Tryst Suit

By Abigail Harrison

Former Arizona U.S. Sen. Kyrsten Sinema on Friday doubled down on her contention that a North Carolina federal court lacks jurisdiction over a lawsuit alleging she destroyed a marriage by sending lascivious texts to her ex-security guard.

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Analysis

DOJ's In-House Detention Legal Aid Plan Is MIA

By Courtney Bublé

A year ago, U.S. Department of Justice officials said the government would be taking over a program historically run by nonprofits to provide legal orientations and referrals for pro bono representation for adults in immigration detention facilities. But those involved in the program say the Trump administration hasn't taken any steps to run the program.

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2nd Circ. Raises Concern Over Challenge To NY US Atty's DQ

By Stewart Bishop

A Second Circuit panel on Monday voiced concern over the U.S. Department of Justice's argument that a now-former acting U.S. Attorney for the Northern District of New York was serving lawfully when he subpoenaed the New York Attorney General's office over a pair of cases disfavored by President Donald Trump.

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Maduro Gets June Court Date After US Relents On Atty Fees

By Pete Brush

A Manhattan federal judge on Monday directed former Venezuelan President Nicolás Maduro to return to court in June, after he and his wife, Cilia Flores, reached an apparent agreement with the Trump administration to access Venezuela government funds for their legal fees.

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Mass. Justices Uneasy Over Judge's Handling Of ICE Incident

By Julie Manganis

Massachusetts' top court on Monday appeared concerned that a state district court judge in 2018 offered to detain a defendant sought by U.S. Immigration and Customs Enforcement agents, as the justices considered a public reprimand.

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Atty Seeks Docs To Back Ogletree DQ Bid In Bias Suit

By Adrian Cruz

A Georgia attorney on Monday asked a federal judge to allow discovery related to her bid to have Ogletree Deakins Nash Smoak & Stewart PC disqualified from defending ADT LLC against discrimination claims while concurrently defending Microsoft Corp. in the attorney's own pregnancy bias suit.

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Longtime South Fla. Federal Judge James King Dies At 98

By Carolina Bolado

U.S. District Judge James Lawrence King, a Nixon appointee who spent more than half a century on the federal bench and helped shape the Southern District of Florida, died Saturday at the age of 98.

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Calif. District OKs Civil Court Audio Feeds Including Musk Trial

By Dorothy Atkins

The Northern District of California modified local court rules late Friday to allow judges to stream audio for civil jury trials in the district, accompanying its announcement with a separate notice that the high-profile Elon Musk v. Sam Altman trial over OpenAI's for-profit conversion is available to access via audio stream.

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Promo that reads Law360 Pulse 2026 AI Survey

COMPANIES IN TODAY'S NEWS

ADT Inc.

Alphabet Inc.

American Antitrust Institute

American Arbitration Association

American Bankers Association

American Bar Association

Amica Center for Immigrant Rights

Apple Inc.

Bank Policy Institute

Binance Holdings Ltd.

Canandaigua National Corp.

Center for Justice

Chevron Corp.

Coinbase Global Inc.

Cox Communications Inc.

Delta Dental of California

Epic Games Inc.

Google LLC

Independent Community Bankers of America

Match Group LLC

Microsoft Corp.

Monsanto Co.

National Rifle Association of America

OpenAI OpCo LLC

Progress Software Corp.

Protect Democracy Project Inc.

RealPage Inc.

Royal Caribbean Cruises Ltd.

Smith & Wesson Brands Inc.

Sony Music Entertainment Inc.

Washington State Bar Association

LAW FIRMS IN TODAY'S NEWS

Alston & Bird

Bartlit Beck

Bayko Prebeg

Blackburn Domene

Clement & Murphy

Consovoy McCarthy

Covington & Burling

Davis Polk

Dorsey & Whitney

Dubbin & Kravetz

Dynamis LLP

Gibson Dunn

Harris St. Laurent

Harter Secrest

Hogan Lovells

Kaplan Fox

Keches Law Group

Lash Goldberg

Law Office of Melanie Shapiro

Lewis Brisbois

Libby Hoopes

Looper Goodwine

MoloLamken

Morgan Lewis

Munger Tolles

Ogletree Deakins

Parker & Sanchez

Poyner Spruill

Robinson Bradshaw

Sheppard Mullin

Van Camp Meacham

Wilder Pantazis

Womble Bond

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

Commodity Futures Trading Commission

Commonwealth of Massachusetts

Executive Office for Immigration Review

Federal Bureau of Investigation

Federal Reserve System

Interpol

New York Attorney General's Office

New York Department of Financial Services

North Carolina Department of Justice

Office of Foreign Assets Control

San Francisco International Airport

U.S. Army

U.S. Attorney's Office

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

U.S. Attorney's Office for the District of Rhode Island

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

U.S. Attorney's Office for the Southern District of New York

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Customs and Border Protection

U.S. Department of Defense

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of Minnesota

U.S. District Court for the District of Rhode Island

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

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

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

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

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. Senate

U.S. Supreme Court

United States District Court for the Southern District of Georgia