The U.S. Securities and Exchange Commission's long-awaited plan to boost cryptocurrency offerings would clear the way for crypto projects to raise capital from retail traders, but the proposal already faces major questions from how it permits secondary trading to the limits it puts on states.
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WEDNESDAY, AUGUST 26, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Analysis

SEC Crypto Offering Plan Leaves States, Platforms Guessing

By Aislinn Keely

The U.S. Securities and Exchange Commission's long-awaited plan to boost cryptocurrency offerings would clear the way for crypto projects to raise capital from retail traders, but the proposal already faces major questions from how it permits secondary trading to the limits it puts on states.

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CFTC Weighs In On Criminal Case Over Soldier's Maduro Bet

By Pete Brush

A Manhattan federal judge gave leave Monday for the Commodity Futures Trading Commission to oppose a bid by a U.S. Army sergeant to sink criminal charges over his alleged Polymarket bets on the capture of deposed Venezuelan President Nicolás Maduro.

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Founder Of Crypto Startup Block Bits Convicted Of Fraud

By Bonnie Eslinger

A California federal jury on Monday held that cryptocurrency startup founder Japheth Dillman deceived Block Bits investors by falsely claiming the company's auto-trading platform was up and running, following a trial in which his co-founder testified against him under a plea agreement.

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Neobanking Biz Hits $1B Valuation After Series C Round

By Jade Martinez-Pogue

Artificial intelligence-powered stablecoin neobanking platform Fasset on Monday revealed that it reached a $1 billion valuation after closing its latest funding round with $68 million in tow.

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POLICY & REGULATION

Feds Scrap Biden-Era Policy On Credit-Access Programs

By Jon Hill

The Trump administration is withdrawing Biden-era guidance that encouraged banks and other lenders to offer specialized programs to boost credit access for underserved borrowers, according to a new Federal Register notice. 

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Brief

NCUA No Longer Leaderless As Crews Sworn In, Named Chair

By Jon Hill

The National Credit Union Administration said Monday that President Donald Trump's pick to lead the federal credit union regulator has now formally taken office, ending its brief leaderless stretch without any sitting chairman or board members at its helm.

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ENFORCEMENT & COMPLIANCE

Kalshi Fights To Keep NY Betting Case In Federal Court

By Alex Lawson

Prediction market giant Kalshi is fighting to keep New York's suit targeting its sports event contracts in federal court, punching back at the state's contention that those offerings should be subjected to state-level gambling regulations.

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EXPERT ANALYSIS

Prepping To Use Crypto Collateral Under Ohio Ownership Law

Ohio's digital asset law should ease the path to using cryptocurrency as collateral, and as the October effective date approaches, lenders should update their loan documentation and diligence processes to take advantage of the new control-based perfection rules, say attorneys at Kegler Brown.

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LEGAL INDUSTRY

Firm Revenue Climbs 12.4% In First Half Of 2026

By Daniel Moritz-Rabson

Record billing rate gains, strong demand and increased productivity fueled a successful start to the year for the legal industry, according to a report released Tuesday.

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Florida AG Slams Bar Complaint Against DHS Counsel

By Madison Arnold

Florida Attorney General James Uthmeier wrote to the executive director of the Florida Bar to criticize a recent complaint made to the bar against James Percival, general counsel of the U.S. Department of Homeland Security, for attacking judges.

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6th Circ. Says Judge Can't Escape Teen Mock Arrest Suit

By Susan Smiley

A Sixth Circuit panel on Monday allowed to proceed a Michigan federal lawsuit filed against a Detroit judge who handcuffed a 15-year-old student and subjected her to a mock trial after she fell asleep in his courtroom, ruling that judicial immunity does not protect him.

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Colo. Judge Ships $8.3M Messner Reeves Fraud Suit To Utah

By Zach Dupont

A Colorado federal judge granted a motion Monday from law firm Messner Reeves LLP to move a lawsuit accusing the firm of stealing more than $8 million as part of a fraudulent loan scheme to Utah after finding the venue was the proper forum to litigate the claims.

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COMPANIES IN TODAY'S NEWS

APC

Coinbase Global Inc.

North American Securities Administrators Association

Ohio State Bar Association

Rhapsody International Inc.

SBI Holdings Inc.

The American Law Institute

The Florida Bar

Wells Fargo & Co.

YouTube Inc.

LAW FIRMS IN TODAY'S NEWS

Agnifilo Intrater

Cahill Gordon

Chase Law & Associates

Covington & Burling

Dickinson Wright

Fieger Law

Geragos & Geragos

Gordon Rees

K&L Gates

Kegler Brown

Mayer Brown

Messner Reeves

Milbank LLP

Morrison & Foerster

Morrison Cohen

Perkins Law

Perkins Law Group PLLC

Richard Tamor

Spencer Fane

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Labor Statistics

Commodity Futures Trading Commission

Consumer Financial Protection Bureau

Federal Deposit Insurance Corp.

Federal Housing Finance Agency

Federal Reserve System

Florida Supreme Court

National Credit Union Administration

New York Attorney General's Office

Office of the Comptroller of the Currency

U.S. Army

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 Sixth Circuit

U.S. Department of Homeland Security

U.S. Department of Housing and Urban Development

U.S. Department of Justice

U.S. Department of the Treasury

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

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

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

U.S. Uniform Law Commission

United States District Court for the District of Colorado

United States District Court for the District of Utah