The Office of the Comptroller of the Currency shared Thursday it has denied a national trust bank application from Wise US Inc. over concerns the money transfer fintech wouldn't meet compliance and anti-money laundering standards.
The Office of the Comptroller of the Currency shared Thursday it has denied a national trust bank application from Wise US Inc. over concerns the money transfer fintech wouldn't meet compliance and anti-money laundering standards.
BitMEX, one of the world's largest cryptocurrency exchanges, deliberately designed its system to create unfavorable conditions for customers and then seize their bitcoin, liquidating their accounts when they lost a certain amount, according to a proposed class action filed on Thursday in New York federal court.
Bankruptcy claims agent Kroll Restructuring Administration LLC should be able to arbitrate claims over a 2023 data breach affecting FTX Trading customers, but claims from a BlockFi user should be tossed, according to recommendations from a Texas magistrate judge.
President Donald Trump's choice for Consumer Financial Protection Bureau director signaled at his confirmation hearing on Thursday that he could revisit the agency's plan to shed hundreds of staff, saying he has an "open mind" about how many workers the agency needs.
Four indigenous nations have asked a New Mexico federal judge to stop Kalshi from offering sports-related contracts on their lands, arguing that the prediction market giant is plainly violating laws that give the tribes sole authority over sports betting.
The Tenth Circuit refused to alter a cryptocurrency investment firm co-founder's five-year prison sentence and obligation to pay over $174,000 in restitution to victims of a fraud scheme he orchestrated, writing the district court's sentencing and loss amount estimation was reasonable.
A Manhattan federal judge on Thursday tacked on more time behind bars for the architect of the $57 million Bar Works shared office space investment Ponzi scheme, expressing concern that the Englishman has the potential to reoffend despite cooperating against four co-conspirators.
Online brokerage platform operator Tastytrade will pay the Financial Industry Regulatory Authority $850,000 to end claims that it did not meet "best execution" standards when it failed to properly review the transaction quality of customers' equity orders.
Professional wrestler Logan Paul and the YouTube investigator who called his cryptocurrency project a scam say they've reached a deal to resolve Paul's defamation claims.
British digital bank Revolut's valuation soared to $115 billion, private equity giant BlackRock leads an at least $12 billion debt sale for Meta's new data center project, and Liverpool FC is in talks with investor Amit Bhatia over a potential stake sale that could value the club at $6 billion.
Bitcoin miner Poolin Technology filed for Chapter 11 protection in New Jersey bankruptcy court with more than $173 million in liabilities and plans for an asset sale, pointing to price volatility and a Chinese ban on cryptocurrency mining.
Orrick Herrington & Sutcliffe LLP has hired a former Cooley LLP partner with years of experience advising clients like emerging financial institutions, retailers and others on financial services regulations, the firm announced Thursday.
Crowell & Moring LLP hired a former general counsel for UBS Bank USA this week to advise banks, fintechs and digital assets companies on regulatory matters.
Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly everything I learned about preparation, humility, confidence and more has followed me into my legal practice, says Jessica Caterina at Moses & Singer.
A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolution-related capabilities from a mandatory exercise to a voluntary one supported by significant financial incentives, amounting to an overall reduction in reporting requirements, say attorneys at Moore & Van Allen.
As states adopt divergent approaches to prediction market platforms through both legislation and litigation, and the landscape is anything but settled, the emerging patchwork of state taxes on prediction markets presents novel questions about characterization, preemption and compliance, say attorneys at Holland & Knight.
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.
A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising vehicle alleged to have destroyed Patriot National Inc. told a Florida jury Thursday that he flagged deal terms that later became detrimental to the insurance services company.
The American Bar Association has blasted as "absurd" the government's move to subpoena law firms as an attempt to avoid a documents request from the organization amid allegations the Trump administration worked to intimidate law firms into conforming with his policy goals through executive orders last year.
The Trump administration urged the full D.C. Circuit to either order U.S. District Judge James Boasberg to terminate his criminal contempt inquiry into the administration's Alien Enemies Act removals last year, or order him to forgo live testimony in the probe.
Former special counsel Jack Smith's legal team has said the criminal referral a U.S. Congress member sent the Department of Justice to investigate Smith is based on a "spurious claim."
The first and so far only New York City public defender union to go on strike this year announced on Wednesday that its approximately 500 members are returning to work after reaching a tentative agreement with their managers.
An Ohio patent lawyer Thursday accused the U.S. Patent and Trademark Office of using an unlawful "pay for play" system for its disciplinary proceedings against attorneys, claiming the disciplinary proceedings are "inherently biased" and rigged against him and others facing discipline.
The Senate on Thursday voted 48-47 to confirm Judge Daniel Traynor of the District of North Dakota to the U.S. Court of Appeals for the Eighth Circuit and 49-44 to confirm Antonio M. Pozos, a partner at Faegre Drinker Biddle & Reath LLP, as a judge for the Eastern District of Pennsylvania.
