Former New York Gov. Andrew Cuomo will co-chair a joint venture between cryptocurrency exchange OKX and New York Stock Exchange parent Intercontinental Exchange, a partnership aimed at developing infrastructure for "tokenized and digitally native financial products," according to an announcement made Monday.
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TOP NEWS

Cuomo To Lead OKX-NYSE Parent Crypto Joint Venture

By Hailey Konnath

Former New York Gov. Andrew Cuomo will co-chair a joint venture between cryptocurrency exchange OKX and New York Stock Exchange parent Intercontinental Exchange, a partnership aimed at developing infrastructure for "tokenized and digitally native financial products," according to an announcement made Monday.

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OCC Pitches Anti-Illicit Finance Rules For Stablecoin Issuers

By Sarah Jarvis

The Office of the Comptroller of the Currency issued a plan Monday to implement Bank Secrecy Act and sanctions compliance standards for stablecoin issuers, folding in a past plan from Treasury Department regulators and marking the latest regulatory proposal under the federal stablecoin framework known as the Genius Act.

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SEC Signals Interest In Novel ETF Rulemaking

By Jessica Corso

The U.S. Securities and Exchange Commission could soon ask the public what it thinks about new types of exchange-traded funds that some companies have proposed, potentially moving a step closer to writing rules for the fund industry as prediction market ETFs await the agency's approval.

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LITIGATION

Bitcoin Miner Hut 8, Investors Ink $2.3M Merger Settlement

By Katryna Perera

A proposed class of investors in Hut 8 Corp. has reached a $2.3 million settlement with the bitcoin miner to resolve claims that it overpaid for a company with severe operational issues and misled investors about energy and connectivity failures at a Texas facility that was part of the merger.

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ENERGY

CFTC Seeks Input On Energy Perpetual Contracts, 24/7 Trading

By Jessica Corso

The U.S. Commodity Futures Trading Commission is asking for public input on how it should address around-the-clock trading and perpetual contracts in the energy industry, asking how the industry developments could impact the price of commodities like crude oil.

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PEOPLE

Dentons Adds Ex-Yuga Labs Legal Chief To Corporate Team

By Katryna Perera

The former chief legal officer of Yuga Labs has joined Dentons as a partner in the firm's corporate practice, where he will advise technology companies, investors and financial institutions in the fintech, digital asset and artificial intelligence spaces.

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EXPERT ANALYSIS

What Fed's Fast Track To Account Access Means For Fintechs

Fintechs, stablecoin issuers and other nonbank entities should assess eligibility, compliance demands and operational limits ahead of the Federal Reserve's potential finalization of a payment account framework proposing a faster path to direct access to key payment rails, says Stephen Aschettino at Fox Rothschild.

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Responding To US Labeling Brazilian Gangs As Terrorist Orgs

The Trump administration's recent designation of two Brazilian criminal organizations as foreign terrorists affects companies in multiple sectors that must now assess their exposure and enhance their sanctions, know-your-customer and anti-money-laundering screening programs, say attorneys at King & Spalding.

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LEGAL INDUSTRY

Attorney Reprimanded In $256M Defamation Case

By Rachel Rippetoe

A former Conrad & Scherer LLP managing partner must pay an Alabama coal company's attorney fees after being publicly reprimanded by an Alabama federal judge, who found he lied to the court and paid witnesses to change their testimony in his repeated lawsuits against the company.

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NJ Firm Accused Of 'Double-Dipping' On Pelvic Mesh Fees

By Daniel Connolly

Four women allege in a recently filed lawsuit that a New Jersey law firm overcharged them on legal fees related to a settlement in pelvic mesh litigation, and the recent lawsuit also relates to a long-running conflict between lawyers who formerly worked together.

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Justices Seek Input On NJ State Bar Diversity Challenge

By George Woolston

The U.S. Supreme Court has asked the federal government to weigh in on a Garden State appellate court's decision that approved a New Jersey State Bar Association system for fostering diversity in its leadership that was accused of being discriminatory.

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Blanche, Pirro Can't Be DQ'd From Trump DC Shooting Case

By Craig Clough

A D.C. federal judge held Monday that the man accused of attempting to assassinate President Donald Trump at the White House Correspondents' Association dinner can't disqualify U.S. Attorney Jeanine Pirro and acting Attorney General Todd Blanche from prosecuting him because of their presence at the dinner.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled disputes involving executive compensation, take-private transactions, books and records demands, tender offers and alleged insider misconduct.

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COMPANIES IN TODAY'S NEWS

British Broadcasting Corp.

CME Group Inc.

Chiquita Brands International Inc.

Drummond

Drummond Co. Inc.

Fidelity National Financial Inc.

Francisco Partners

GameStop Corp.

Hilton Worldwide Holdings Inc.

Horizon Blue Cross Blue Shield of New Jersey

Itochu Corporation

Johnson & Johnson

LafargeHolcim Ltd.

LinkedIn Corp.

New Jersey State Bar Association

Optimum

The Trade Desk Inc.

Verizon Communications Inc.

WideOpenWest Finance LLC

LAW FIRMS IN TODAY'S NEWS

Advisors LLC

Bronstein Gewirtz

Christian & Small

Conrad & Scherer

Consovoy McCarthy

Dentons

FBT Gibbons

Fenwick & West

Fox Rothschild

Gibson Dunn

King & Spalding

Kropf Moseley

Mazie Slater

Nagel Rice

Pendley Baudin

Pomerantz LLP

Robins Kaplan

Slater Slater

Starnes Davis

Troutman

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Delaware Court of Chancery

Federal Reserve System

Financial Crimes Enforcement Network

New Jersey Supreme Court

New York Attorney General's Office

New York Department of Financial Services

Office of Foreign Assets Control

Office of the Comptroller of the Currency

U.S. Attorney's Office

U.S. Department of Housing and Urban Development

U.S. Department of Justice

U.S. Department of State

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

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

U.S. Secret Service

U.S. Securities and Exchange Commission

U.S. Supreme Court

US Office of Management and Budget

United States District Court for the Northern District of Alabama