Selig Says CFTC Will Propose Crypto Rules If Clarity Act Stalls

By Aislinn Keely

U.S. Commodity Futures Trading Commission Chairman Michael Selig said Thursday that he's directed agency staff to begin crafting crypto rules in the event that crypto market structure legislation fails to move forward in September.

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Binance Can't Arbitrate Crypto-Laundering Claims After All

By David Minsky

A Florida federal judge on Thursday vacated a ruling that compelled arbitration for proposed class claims alleging that Binance laundered stolen cryptocurrency, after a decision came down from the Eleventh Circuit finding that the individuals who filed their actions didn't have contractual relationships with the exchange.

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CFPB Rips 'Baseless' CashCall Bid To Ax $157M Judgment

By Jon Hill

The Consumer Financial Protection Bureau has urged a California federal court to reject lender CashCall Inc.'s bid to wipe out its more than $157 million enforcement judgment, slamming its claims of a settlement bait-and-switch by the agency as "baseless."

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Rising Star: McDermott's Greer Griffith

By Hailey Konnath

McDermott Will & Schulte's Greer Griffith helped cryptocurrency clients navigate first-of-their-kind bankruptcy matters, including securing confirmation of a Chapter 11 plan for the first crypto trust company to file for bankruptcy and representing creditors in a crypto mining Chapter 11 case, earning her a spot among the fintech law practitioners under age 40 honored by Law360 as Rising Stars.

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Sens. Call On FINRA To Update Rules To Curb Transfer Fraud

By Sarah Jarvis

U.S. Sens. Ron Wyden, D-Ore., and Elizabeth Warren, D-Mass., urged the Financial Industry Regulatory Authority to boost consumer protections to prevent brokerage fraud through the Automated Customer Account Transfer Service, pointing to "structural weaknesses" in the system they say bad actors are exploiting to drain customers' brokerage accounts.

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OCC Greenlights Brazil Banking Giant's Bid To Form US Bank

By Katryna Perera

The Office of the Comptroller of the Currency on Thursday preliminarily approved a charter application from Brazil-based Itaú Unibanco SA, guided by Arnold & Porter, to establish a national bank in the United States.

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Ex-Trade Desk Finance Director Accused Of Insider Trading

By Gina Kim

A former Trade Desk finance director traded on insider information ahead of public earnings announcements by his former employer, netting over $338,000 in profits, according to an indictment unsealed Thursday and a U.S. Securities and Exchange Commission complaint, both in New York federal court.

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Brief

Defunct Tax Startup CEO Barred From Deceiving Investors

By Zak Kostro

A California federal judge prohibited the CEO of a defunct tax compliance startup who was accused by the U.S. Securities and Exchange Commission of swindling $13 million from investors from deceiving anyone or disseminating false information regarding investments in violation of securities laws.

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Deals Rumor Mill

KKR Lobs $9B Takeover Offer At UGI, Plus More Rumors

By Jade Martinez-Pogue

Private equity behemoth KKR offered to acquire natural gas distributor UGI Corp. for $9 billion, fast-fashion company Shein is eyeing a $25 billion valuation ahead of its anticipated Hong Kong initial public offering, and e-commerce giant Alibaba sold its game developer business to Trustar Capital in a $2 billion deal. Here, Law360 breaks down the notable deal rumors from the past week.

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CFPB Complaint Portal Overhaul Signals Changing Priorities

The Consumer Financial Protection Bureau's updates to its consumer complaint portal and decision to cease publishing consumer complaint narratives should be viewed by companies as one component of a larger recalibration of how the CFPB collects information and allocates its supervisory and enforcement resources, say attorneys at Cooley.

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SEC Rulemaking Radar: The Rubber Meets The Road

The U.S. Securities and Exchange Commission's new rulemaking agenda shows its regulatory reset taking shape, with sweeping crypto proposals that could bring the biggest changes it has made to broker-dealer, exchange and trading compliance in decades, says Christopher Grobbel at Goodwin.

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Series

Being In A Band Made Me A Better Lawyer

Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.

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How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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TikTok's Ex-Legal Head Made Racist Comments, Suit Says

By Bonnie Eslinger

TikTok and its former head of global legal operations have been accused in a California state court lawsuit of harassment and discrimination based on race and sex by a former legal department employee who claims the executive subjected her and other nonwhite colleagues to an "unrelenting campaign of harassment."

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Meta Atty 'Absolutely Wrong' On Client Privilege, Judge Warns

By Dorothy Atkins

With trial dark Thursday due to juror illness, a California judge overseeing states' claims that Meta Platforms Inc. hid social media's harms heard arguments over evidence, at one point criticizing Meta's efforts to assert attorney-client privilege and calling the company's in-house lawyer "absolutely wrong" about the appropriate standard.

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Uber Gets Greenlight On Most Fraud Claims Against LA Firms

By Hailey Konnath

A California federal judge Wednesday largely rejected two Los Angeles personal injury firms' attempts to ditch Uber's suit claiming it's being targeted by a scheme involving fraudulent personal injury claims, finding Uber has plausibly alleged that the firms schemed with a surgeon to rack up medical costs.

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Trump Taps DOJ Official, ND Solicitor General For Judgeships

By Courtney Bublé

President Donald Trump announced Thursday he's tapping Jesus Osete, a top U.S. Department of Justice official, to serve on the Western District of Missouri and Philip Axt, solicitor general of North Dakota, for the District of North Dakota.

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Jay-Z Appeals Buzbee Win In Rapper's Defamation Suit

By Rae Ann Varona

Music mogul Jay-Z's counsel fought uphill Thursday to convince a California state appeals court to revive claims that Texas attorney Tony Buzbee defamed and extorted him by roping him into a sexual abuse suit against Sean "Diddy" Combs, arguing in court that a trial court erroneously read evidence in Buzbee's favor.

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CREXi Drops 9th Circ. Challenge To Quinn Emanuel DQ

By Isaac Monterose

Property listing company Commercial Real Estate Exchange Inc. has moved to dismiss its own Ninth Circuit mandamus petition, which challenged a lower court's disqualification of CREXi's counsel, Quinn Emanuel Urquhart & Sullivan LLP, from a legal battle against rival CoStar.

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Eastman Among 16 Calif. Attys Disbarred In Q2 2026

By Emily Sawicki

The State Bar of California removed the licenses of 16 attorneys between April and June of this year over a broad spectrum of ethical breaches ranging from the high-profile case of John Eastman attempting to overturn the results of the 2020 presidential election, to a lawyer found to be in possession of child sex abuse images.

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