Treasury Plan Would Map Boundaries Of US Stablecoin Market

By Jon Hill

The U.S. Department of the Treasury on Monday floated a proposal to set standards for how and when payment stablecoins may enter the U.S. market, moving ahead on a key unfinished plank of the emerging federal regulatory framework for the stable-value tokens.

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Kalshi Loses Bid To Block Conn. Enforcement

By Katryna Perera

A Connecticut federal judge has denied a bid from KalshiEX to keep offering sports contracts while it pursues an appeal before the Second Circuit, finding the prediction market's arguments for a stay had already been rejected by the court and that it has not shown it is likely to win on appeal.

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CFTC To Seek Feedback On AI Chip Futures

By Jessica Corso

The Commodity Futures Trading Commission is weighing the future of derivatives contracts that could offer artificial intelligence companies a way to hedge their bets on the cost of chips, with the CME Group recently asking for permission to launch such contracts.

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DOJ Charges Ga. Man Over $165M Crypto Ponzi Scheme

By Gina Kim

A serial "Ponzi-schemer" is charged with wire fraud for allegedly spearheading a $165 million cryptocurrency scheme that defrauded over 6,000 victims around the world and using the money to make alimony payments and buy expensive cars for his children, the U.S. Department of Justice announced Monday. 

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Rising Star: Sidley's Kristin Teager

By Lynn LaRowe

Kristin Teager of Sidley Austin LLP has represented Apple in a deal to make JPMorgan Chase the new issuer of its Apple Card, a transaction expected to bring more than $20 billion in card balances to Chase's platform, earning her a spot among the fintech practitioners under age 40 honored by Law360 as Rising Stars.

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Doxo To Pay FTC $2.1M Over Misleading Ads And Fees

By Sarah Jarvis

Doxo will pay $2.1 million to settle Federal Trade Commission claims that the online bill pay service and two co-founders misled consumers about fees and used deceptive advertising to impersonate billers, the commission announced on Monday, after a Washington federal judge granted partial summary judgment earlier this year.

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JPMorgan Loses State Trade Secret Claims In Data Suit

By Ivan Moreno

JPMorgan Chase Bank cannot pursue state law trade secret claims against a data analytics company over the alleged misuse of credit card data supplied for regulatory purposes, with a Delaware federal judge ruling Monday that the bank still hasn't tied that conduct to Delaware or Ohio.

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Recent OCC Charter Approvals Signal Fintech Momentum

The Office of the Comptroller of the Currency's recent charter approval for Circle, along with faster Federal Deposit Insurance Corp. review procedures, signals a more workable path to national bank and trust charters, meaning fintech firms should prepare regulator-ready applications and plan for intensified competition, say attorneys at Davis Wright.

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Law Firms See Revenue, Demand Grow In First Half Of 2026

By Anna Sanders

Despite rising expenses driven by artificial intelligence and return to office mandates, the legal industry is performing well in 2026, with U.S. law firms recording a double-digit jump in revenue and strong growth in demand so far this year, according to new survey results from Citi Global Wealth at Work's Law Firm Group.

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Morgan & Morgan Sues Fla. Bar Over Celebrity Ad Ban

By Carolina Bolado

Personal injury giant Morgan & Morgan PA has sued the Florida Bar, claiming a bar rule that bans any use of a celebrity's voice or image in lawyer advertising violates the First Amendment.

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3 NY Injury Firms Get Uber's RICO Suit Tossed

By Lauren Berg

A New York federal judge threw out Uber Technologies Inc.'s lawsuit accusing three personal injury law firms of conspiring with physicians and exploiting passengers to pursue fake or exaggerated injury claims in order to strongarm settlement payouts from the ride-hailing giant.

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Nussbaum-Linked Firms' Ch. 11s Tossed For Bad Faith

By Ben Zigterman

A New York bankruptcy judge has dismissed the Chapter 11 cases of two commercial real estate law firms headed by Mark J. Nussbaum, finding their petitions were filed in bad faith and that the cases instead belonged in an assignment for the benefit of creditors process in New York state court.

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Chattah Can't Serve As Acting Nevada US Atty, 9th Circ. Says

By Emma Cueto

The Ninth Circuit on Monday upheld a lower court ruling that Nevada's top prosecutor was not put in place lawfully and was barred from overseeing the criminal cases giving rise to the appeal, the latest state where courts have shut down attempts by the Trump administration to fill U.S. attorney vacancies without Senate confirmation.

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Clifford Chance Pushes To Send Clawback Suit To Arbitration

By Ryan Boysen

Clifford Chance LLP wants a high-profile partner pay dispute sent to arbitration, accusing two ex-partners who claim they're facing a $6 million clawback demand of "gamesmanship" by filing suit in New York federal court.

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NYCBA Cautions Against Recording Nonclient Calls

By Emily Sawicki

New York City attorneys who have been granted permission may ethically use artificial intelligence to record, transcribe and summarize conversations with nonclients, according to the latest ethics guidance by the New York City Bar Association Monday, which added that just because they can doesn't mean they should.

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