Winklevosses' Crypto Co. Gemini Can't Ditch CFTC Settlement

By Bonnie Eslinger

A New York federal judge on Thursday denied a request by the U.S. Commodity Futures Trading Commission and Winklevoss-owned cryptocurrency exchange Gemini to throw out a settlement signed by the company to end a Biden-era enforcement action, saying there's no significant change of facts and a crypto policy shift under the Trump administration doesn't negate the deal.

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White House Crypto Aide Exits Role

By Aislinn Keely

White House crypto aide Patrick Witt announced Thursday that he's left his post, a departure that comes after key crypto legislation stalled in the U.S. Senate last month.

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Banks, Credit Union Escape Pig Butchering Scam Suit

By Sydney Price

Several financial institutions have been released from a suit brought by a California couple accusing them of allowing a so-called pig butchering investing scam that cost the pair $600,000, with a federal judge ruling the couple does not show how the defendants are liable for the harm, and that some of the claims were brought too late.

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Fed's Bowman Says Regulators Must Focus On Material Risks

By Sarah Jarvis

Federal Reserve Vice Chair for Supervision Michelle Bowman has urged international banking regulators to focus on addressing material risks to the financial system instead of pursuing what she described as "less valuable work," based on flawed assessments of Silicon Valley Bank's 2023 collapse.

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Market Surveillance Co. Taps Ex-CFTC Counsel To Lead Policy

By Aislinn Keely

Fintech-focused market surveillance firm Solidus Labs announced Thursday that it's brought on a former U.S. Commodity Futures Trading Commission attorney who advised lawmakers on closely watched crypto legislation to lead its policy efforts.

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Womble Bond Gains 5 Finance Litigators From K&L Gates

By Andrea Keckley

Womble Bond Dickinson announced Thursday that it has hired five litigators from K&L Gates LLP to join its New York and Boston offices, touting their history advising some of the country's largest financial institutions.

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Series

Fintech Regulator Outlook: Collaboration In North Dakota

The recent speed of new digital asset products entering the market continues to introduce compliance challenges, so regulators and companies alike must examine the intersection of artificial intelligence, cybersecurity, collaboration and modernization to navigate regulatory complexity, says Lise Kruse at the North Dakota Department of Financial Institutions.

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Cyber Incident Halts Bankruptcy Court Noticing Nationwide

By Hilary Russ

The nationwide system for providing notice to creditors in bankruptcy cases has been disrupted by a cybersecurity incident, and it is not currently known when the outage will end.

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Analysis

Missouri AG Alumni Make Their Mark In Trump 2.0

By Courtney Bublé

Missouri is hundreds of miles from Washington, D.C., but the legal community of the Show-Me State has taken a significant hold in the second Trump administration.

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Norton Rose Beats $100M Suit Over Withdrawn Patent App

By Celeste Bott

Norton Rose Fulbright has defeated a former client's malpractice suit over a missed patent fee payment, after an Illinois state judge ruled that the deadline to sue began before the firm allegedly acknowledged its mistake and dismissed the company's $100 million lawsuit against the firm with prejudice.

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Murdaugh Tells 4th Circ. To Revive Jury Tampering Civil Suit

By Cara Salvatore

Disgraced lawyer Alex Murdaugh asked the Fourth Circuit on Thursday to revive his suit accusing a court clerk of interfering in his murder trial, arguing he has standing because the alleged tampering "destroyed the value" of his $600,000 defense.

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Judge Who Called For Philly DA Probe Rejects Recusal Bid

By Matthew Santoni

A federal judge who called for an investigation of the Philadelphia District Attorney's Office will not reconsider or recuse himself from the underlying habeas corpus case, calling DA Larry Krasner's bid to undo his rulings "frivolous" and "intemperate."

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Crowell Faces DQ Bid Over AI Tool At Heart Of Client's IP Suit

By Dorothy Atkins

DeviantArt urged a California federal judge Wednesday to disqualify Crowell & Moring LLP from representing Evox Productions in litigation alleging multiple AI companies used Evox's copyrighted car photos to train artificial-intelligence image generators, arguing the firm "unquestionably" represented DeviantArt and has "sued its own client on behalf of another client."

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Gov't Urges Justices To Reject Google, Intel Fight Over Fintiv

By Adam Lidgett

The U.S. Patent and Trademark Office has urged the U.S. Supreme Court to reject Intel Corp. and Google LLC's challenge to a precedent allowing Patent Trial and Appeal Board petitions to be denied based on related litigation.

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Would-Be Kavanaugh Assassin Slams Feds' Skewed Facts

By Lauren Berg

A woman accused of trying to kill U.S. Supreme Court Justice Brett Kavanaugh told the Fourth Circuit that federal prosecutors have presented a "wildly inaccurate description" of a Maryland federal judge's sentencing decision, rejecting their argument that she got off too easy because of her gender identity.

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NYC Sanctuary Policies Survive Trump Admin. Lawsuit

By Rae Ann Varona

A New York federal judge on Thursday tossed the Trump administration's lawsuit challenging New York City policies that the administration alleged unconstitutionally obstruct federal immigration enforcement, saying federal law the administration leaned on does not preempt the sanctuary provisions.

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