Banking groups are making a push for stronger language prohibiting stablecoin yield payments ahead of a looming Thursday markup of the Senate banking committee's long-awaited proposal to regulate crypto markets.
Banking groups are making a push for stronger language prohibiting stablecoin yield payments ahead of a looming Thursday markup of the Senate banking committee's long-awaited proposal to regulate crypto markets.
Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that regulators are preparing an overhaul of a key ratings system used for grading the condition of banks, casting it as part of a broader push to refocus bank oversight on so-called material financial risks.
The U.S. Securities and Exchange Commission has submitted to the White House a plan for rescinding a more than 50-year-old policy of restricting defendants who settle enforcement actions from denying the claims against them.
Kalshi Inc. on Monday told the federal court overseeing its sports contract brawl with Arizona regulators that it's appealed an order denying its request to enjoin Arizona officials from enforcing state gaming laws against it to the Ninth Circuit.
Binance and its former CEO Changpeng Zhao have asked a Manhattan federal court to toss the last remaining claim in a lawsuit alleging the cryptocurrency exchange aided and abetted the terrorist group Hamas' attack in Israel, saying recent decisions in similar cases support dismissal.
Binance and former CEO Changpeng Zhao are asking the Eleventh Circuit to review a Florida federal judge's decision denying their bid to compel arbitration of a proposed class action alleging that the crypto trading platform knowingly violated U.S. regulatory requirements.
The Southern District of New York's recent ruling in Troell v. Binance illustrates that the Second Circuit's earlier decision in Ashley v. Deutsche Bank is holding weight with courts, and companies facing aiding and abetting risk should thus monitor evolving case law and assess exposure based on nexus allegations, say attorneys at Freshfields.
While the first-ever insider trading indictment involving a prediction market — the recent prosecution of a service member involved in the capture of Nicolás Maduro — comprised extreme facts and straightforward legal theories, future cases will test the bounds of insider trading law, say attorneys at Baker McKenzie.
While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady.
When Jennifer Henricks and Kevin Peters first learned what was happening to tenured professors at Tufts University School of Medicine in Boston a few years ago, they knew that what was at stake involved more than just a dispute over the terms of a contract.
DLA Piper has been hit with a federal civil rights lawsuit in Illinois from a former summer associate alleging discrimination, a hostile work environment and retaliation based on her identity as a Palestinian, Gazan, Arab and Muslim woman.
A former immigration judge urged a D.C. federal court not to throw out her bias suit challenging her firing, arguing the U.S. Department of Justice was pushing the "breathtaking proposition" that the president was empowered to commit unlawful discrimination.
A Texas federal judge on Tuesday said the court cannot force Texas Tech University's leaders to rescind a reprimand against a law student who allegedly celebrated following the death of Charlie Kirk, as the university has sovereign immunity.
Michigan's two Democratic senators played it coy on Tuesday when asked if they would support the district court nominee for their state that the president announced the night before.
The U.S. Department of Justice announced Tuesday that it has reached a settlement with PayPal Inc. to end an investigation into what the department said was a discriminatory investment program for Black- and minority-owned businesses.
