The U.S. Department of Justice and the U.S. Commodity Futures Trading Commission on Wednesday backed Kalshi's assertion that Arizona's gambling laws cannot be applied to federally regulated prediction market platforms, the same day the Phoenix federal court rejected Kalshi's bid to halt enforcement of those state laws.
The U.S. Department of Justice and the U.S. Commodity Futures Trading Commission on Wednesday backed Kalshi's assertion that Arizona's gambling laws cannot be applied to federally regulated prediction market platforms, the same day the Phoenix federal court rejected Kalshi's bid to halt enforcement of those state laws.
The U.S. Department of the Treasury's Financial Crimes Enforcement Network and Office of Foreign Assets Control issued a joint proposed rule Wednesday to implement the anti-money laundering and sanctions compliance program requirements of the federal stablecoin framework known as the Genius Act.
Economists to President Donald Trump said Wednesday that banning cryptocurrency exchanges from paying stablecoin rewards or yield would "do very little to protect bank lending" and leave consumers worse off, findings that come amid a contentious push to tighten yield restrictions.
The U.S. Securities and Exchange Commission announced Wednesday that it has appointed a Gibson Dunn & Crutcher LLP partner and former senior enforcement attorney to serve as director of the agency's Division of Enforcement, following the abrupt resignation of the most recent director.
Binance and its founder told a Delaware bankruptcy judge Wednesday there are no grounds on which to claw back a $1.76 billion payment to the cryptocurrency platform from its defunct competitor FTX, saying it was a fair deal reached outside her jurisdiction.
The U.S. Securities and Exchange Commission's Office of Inspector General has launched a cash awards program that the agency hopes will incentivize its workers to report fraud, waste and mismanagement.
The U.S. Securities and Exchange Commission's recent interpretive release — its most comprehensive statement ever on the application of the federal securities laws to crypto-assets — reimagines the Howey test to resolve long-standing questions over what is a security, but leaves many issues unresolved, say attorneys at Cahill.
A former DLA Piper associate who claims she was unlawfully fired after announcing her pregnancy was offered a chance to transition out of the firm "without anyone knowing that her work was subpar," a partner told a Manhattan federal jury Wednesday.
Missouri-headquartered Spencer Fane LLP announced Wednesday that it plans to combine with Southwest firm Conner & Winters LLP on July 1 in its largest tie-up to date and its third already in 2026.
Live Nation on Wednesday concluded its defense case with glowing testimony about it from the manager for rap star Drake, while the Manhattan federal judge overseeing the case said rival company AEG Worldwide and a Hogan Lovells lawyer may face sanctions for revealing confidential information about a witness.
The lead attorneys on both of the U.S. Department of Justice Antitrust Division's monopolization cases against Google left the agency Wednesday or said they would be doing so.
A Michigan federal judge pled no contest Wednesday to a misdemeanor drunken-driving charge in Emmet County court in connection with an incident where he crashed his Cadillac and registered a 0.27% blood alcohol level, apologizing and saying he "looks forward" to continuing his judicial service.
The American Bar Association and a chorus of state and local bar groups have come out against a proposed rule that would allow the U.S. Department of Justice to pause and review state-level ethics complaints against its attorneys, calling the proposal "unlawful and unconstitutional."
Katie Lane, senior legal counsel at the Republican National Committee who has been tapped for a federal judgeship in Montana, is the first nominee to receive a majority "not qualified" rating by the American Bar Association in the second Trump administration.
A New York appellate court affirmed Tuesday the dismissal of a Chinese software company's legal malpractice suit against DLA Piper, along with a $482,000 sanctions order against the company and its counsel, noting that the company's frivolous claims also drew a $635,000 sanctions ruling in "mirror" federal court litigation.
Former Attorney General Pam Bondi will not sit for her scheduled deposition next week on the Epstein files now that she has left the role, and the Justice Department has asked the House Oversight Committee to withdraw its subpoena.
President Donald Trump on Wednesday asked New York's highest court to throw out New York Attorney General Letitia James' "deeply flawed" civil fraud judgment entirely after a lower appellate court tossed what it called an "excessive" $489 million penalty against the president, his sons and his real estate companies.
