SEC's Atkins Rejects Top Dem's Crypto Corruption Claims

By Jessica Corso

U.S. Securities and Exchange Commission Chairman Paul Atkins on Thursday pushed back on claims his agency dropped against cryptocurrency firms as a political favor to President Donald Trump, telling Senate Democrats a "changed attitude" by the commission led to the dismissals.

Read full article » | Save to favorites »

Analysis

5 Key Flashpoints From Fed's 'Skinny' Account Proposal

By Jon Hill

The Federal Reserve's push to create "skinny" master accounts that would open up access to U.S. payment rails has become the latest front in long-running turf wars between banks and fintech companies. Here are five of the project's hottest flashpoints attracting controversy.

Read full article » | Save to favorites »

Top SEC Enforcer Sees Fewer Cases Over Common Violations

By Sarah Jarvis

The U.S. Securities and Exchange Commission's enforcement chief says she is confident that many violations of federal securities laws concerning requirements for reporting, recordkeeping and internal accounting should not result in agency enforcement actions.

Read full article » | Save to favorites »

Simpson Thacher, Davis Polk Steer SoftBank-Backed IPO

By Lauren Berg

SoftBank Group Corp.-backed Japanese mobile payment service PayPay Corp., represented by Simpson Thacher & Bartlett LLP, on Thursday filed paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering, the underwriters of which are represented by Davis Polk & Wardwell LLP.

Read full article » | Save to favorites »

Investor Claims $250K Fraud In Project Tied To Magic Johnson

By Elaine Briseño

A business owner accused an associate of Earvin "Magic" Johnson of fraudulently taking $250,000 to invest in an online education platform about cryptocurrency that was endorsed by the legendary basketball player but never launched or paid any royalties.

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

Law360 Seeks Members For Its 2026 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

2 documents attached | Read full article » | Save to favorites »

Fintech Group Of The Year: Sullivan & Cromwell

By Aislinn Keely

Sullivan & Cromwell LLP steered collapsed crypto exchange FTX to the resolution of an industry-defining bankruptcy process, was early to the wave of public crypto treasury companies as an adviser to Twenty One Capital, and advised SmartBiz Loans through the acquisition of a bank — landing the law firm among the 2025 Law360 Fintech Groups of the Year.

Read full article » | Save to favorites »

Bipartisan Bill Targets Scam Ads On Social Media Platforms

By Jon Hill

Federal lawmakers are pushing to require social media companies to crack down on fraudulent advertising on their platforms under new bipartisan legislation that is drawing praise from banking and consumer groups.

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

'Texit' Crypto Offering Halted By Texas Securities Regulator

By Emilie Ruscoe

Texas' state securities regulator has filed an emergency cease-and-desist order against an enterprise selling mining interests for a cryptocurrency invoking the Texas secession movement, alleging the scheme constitutes a fraudulent and unregistered offering and sale of securities.

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

Fla. Bank Punished Whistleblowers, Fired Execs Say

By Katryna Perera

Three former top executives of First National Bank of Pasco have sued their ex-employer in Florida federal court, alleging it wrongfully fired them for blowing the whistle on what they called banking law violations, risky fintech exposure and improper board conduct, among other things.

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

Elliott Takes Stake In Stock Exchange Group, More Rumors

By Jade Martinez-Pogue

Activist investor Elliott Management has taken a sizable stake in the London Stock Exchange Group as it faces underperformance, payments company giant Stripe is planning a tender offer that could value it at $140 billion, and private equity firm Hellman & Friedman is looking to buy payments firm Bill Holdings.

Read full article » | Save to favorites »

A Closer Look At California Financial Regulator's 2026 Agenda

California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.

Read full article » | Save to favorites »

Series

Trail Running Makes Me A Better Lawyer

Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

Read full article » | Save to favorites »

Goldman Sachs' CLO Resigns After Epstein Email Revelations

By Michele Gorman and Hailey Konnath

Kathryn Ruemmler, the chief legal officer for Goldman Sachs, announced plans Thursday to step down, after the U.S. Department of Justice released emails showcasing her relationship with disgraced financier Jeffrey Epstein.

Read full article » | Save to favorites »

Analysis

IP Firms Are Navigating AI Era With Range Of Guardrails

By Elliot Weld

Intellectual property law firms are taking various approaches to implementing artificial intelligence into their professional routines, with some developing their own tools, others limiting what external AI platforms that lawyers can access and one firm saying it has banned attorneys from using AI to draft legal briefs.

Read full article » | Save to favorites »

Judiciary Issues 'Rule Of Law' Ethics Guidance For Judges

By Jeff Overley

Federal judiciary advisers Thursday sought to clarify ethical boundaries for judges wading into politically charged legal waters, saying jurists can rebut "illegitimate criticism" and urge stronger security amid fears of violence while also eschewing "demeaning" or "acerbic" rhetoric.

2 documents attached | Read full article » | Save to favorites »

DOJ Antitrust Chief Slater Stepping Down

By Matthew Perlman

Assistant Attorney General Gail Slater, head of the U.S. Department of Justice's Antitrust Division, said on Thursday she will be leaving her post just shy of a year after being confirmed by the Senate.

Read full article » | Save to favorites »

Affairs, Spending Come Out In Goldstein Cross-Examination

By Jared Foretek

SCOTUSblog founder Thomas Goldstein was confronted Thursday with allegations of extramarital affairs, lavish spending and lies on asset disclosures, all in front of the jury in his ongoing tax fraud trial.

Read full article » | Save to favorites »

9th Circ. Judges Doubt AG-Picked Nevada US Atty Can Serve

By Dorothy Atkins

Two judges on a Ninth Circuit panel doubted Thursday the government's argument that a lower court erred by finding the U.S. Attorney General wrongly appointed Nevada's top federal prosecutor, with both judges repeatedly noting that the government's legal theory suggests that U.S. attorneys could circumvent the nomination process indefinitely.

Read full article » | Save to favorites »

Fulton DA Willis Fights $17M Fee Bid In Trump Case

By Kelcey Caulder

The Georgia district attorney who charged President Donald Trump and his allies with election interference and was later disqualified from the case protested the nearly $17 million in legal fees they recently requested, taking aim at a new state law that allows them to seek the costs.

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

Watchdog Defends Ex-Alex Jones Atty's Conn. Suspension

By Brian Steele

A Connecticut judge did not abuse her discretion when she suspended an attorney who formerly represented conspiracy broadcaster Alex Jones in a $1.4 billion defamation case, the state's professional misconduct watchdog has told the Connecticut Supreme Court in asking the justices to skip Norman A. Pattis' appeal.

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

Former NJ AG Matthew Platkin Launches Litigation Boutique

By Jake Maher

Former New Jersey Attorney General Matthew Platkin on Thursday announced the launch of Platkin LLP, a litigation boutique made up of former state prosecutors looking to take on cases touching on consumer protection, the rule of law and other public interest causes.

Read full article » | Save to favorites »

Interview

12 Questions For FCC Chair Brendan Carr

By Christopher Cole

It's been a "banger" of a year at the Federal Communications Commission, says agency chief Brendan Carr, who took over at the outset of President Donald Trump's second term with the goal of cutting regulations and quickly turning over more spectrum to the private sector.

Read full article » | Save to favorites »

McCarter & English Can't Tank $22M Suit, Insurer Says

By Aaron Keller

Two insurance companies have urged a Connecticut Superior Court judge to maintain a $22.3 million professional negligence lawsuit against McCarter & English LLP, saying document production delays don't warrant killing the case less than a month before trial.

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

NY Senators Criticize DOJ Over US Attorney Firing

By Courtney Bublé

New York's senators blasted the U.S. Department of Justice on Thursday for abruptly firing the newly appointed U.S. attorney for the Northern District of New York.

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

State Antitrust Enforcement On The Upswing, Panelists Agree

By Bonnie Eslinger

Speaking at a Silicon Valley antitrust conference hosted Thursday by Baker McKenzie LLP, a senior California antitrust enforcer, an in-house Intel attorney, a University of Southern California law professor, and others agreed that the country is headed into a period of increased activity by state antitrust enforcers.

Read full article » | Save to favorites »

Mass. US Atty Calls ICE Criticism 'Hyperbole,' Praises Agents

By Julie Manganis

Massachusetts U.S. Attorney Leah B. Foley said Thursday that criticism of U.S. Immigration and Customs Enforcement by state and local officials and a lack of cooperation with federal agents is to blame for "chaos in the streets," as she forcefully defended the Trump administration's policies.

Read full article » | Save to favorites »

Trump Nominates Judges For SC, Mont., Virgin Islands

By Courtney Bublé

President Donald Trump on Thursday announced district court nominees for South Carolina, Montana and the U.S. Virgin Islands, as well as one nominee for the International Trade Court.

Read full article » | Save to favorites »