OCC Finalizes Stablecoin Rules, Drops Disputed Yield Plan

By Aislinn Keely

The Office of the Comptroller of the Currency on Wednesday finalized its rules for stablecoin issuers under its purview, issuing a 700-page document expected to set the baseline for other federal and state stablecoin frameworks.

Read full article » | Save to favorites »

SEC Crypto Offering Plan Draws State Outcry, Industry Ideas

By Aislinn Keely

States and watchdog groups told the U.S. Securities and Exchange Commission to withdraw what they deemed a dangerous plan to exempt certain crypto offerings from registration requirements, while the crypto industry backed the proposal in comment letters that urged the agency to let exempted issuers raise even more from investors.

8 documents attached | Read full article » | Save to favorites »

Coinbase Defeats Investor Suit Over Regulatory Disclosures

By Hailey Konnath

A Pennsylvania federal judge on Wednesday threw out an investor's proposed class action accusing Coinbase of not being up front with shareholders about its regulatory compliance, ruling that the company's statements about its anti-money laundering measures weren't false or misleading.

Order attached | Read full article » | Save to favorites »

Snap Financial Reaches $664M Settlement With Red States

By Spencer Brewer

Consumer financial services company Snap Financial on Wednesday agreed to pay $664 million to 17 Republican-led states to end claims that it used misleading disclosures about its leasing arrangements.

Settlement attached | Read full article » | Save to favorites »

States Rip OCC's 'Beltway-Centric' Bid To Move Escrow Suit

By Jon Hill

An Oregon-led coalition of states is pushing back on a U.S. banking regulator's bid to throw out or transfer the coalition's lawsuit over the regulator's new rules that block their interest-on-escrow laws, arguing its "Beltway-centric view of the world" doesn't mean they were wrong to sue in Portland.

Brief attached | Read full article » | Save to favorites »

Crypto Broker Gets 13 Years For Laundering Drug Money

By Pete Brush

A Manhattan federal judge hit a Colombian cryptocurrency broker with over 13 years in prison Wednesday after he copped, along with a businessman with ties to the Cartier family, to laundering $14.5 million worth of Tether that facilitated narcotics transactions.

3 documents attached | Read full article » | Save to favorites »

Gemini Says Crypto Downturn Sank Stock Post-IPO, Not Fraud

By Sydney Price

Crypto exchange operator Gemini Space Station Inc. and some of its current and former executives and directors, including founders Tyler and Cameron Winklevoss, say an overall downturn in the cryptocurrency market is responsible for the exchange operator's plans to shift focus to the prediction market, and the risk of the shift was fully disclosed to investors.

Memorandum attached | Read full article » | Save to favorites »

Marex Says Developer Sank CME Ventures Investment Deal

By Celeste Bott

Financial services firm Marex Capital Markets and two of its executives have sued a British software developer in Illinois federal court, alleging the developer sabotaged a potential investment by CME Group's venture capital arm in Marex's options-trading platform by secretly accusing them of stealing trade secrets, committing fraud and violating exchange rules.

Complaint attached | Read full article » | Save to favorites »

Unpacking FDIC's Modernized Bank Merger Review Rules

The Federal Deposit Insurance Corp.'s proposed revisions to its Bank Merger Act review process are a shift from its more skeptical prior posture toward a more structured and transaction-facilitative approach, though some broader uncertainty remains concerning antitrust alignment with the U.S. Department of Justice, say attorneys at Simpson Thacher.

Read full article » | Save to favorites »

The Law360 Pulse Leaderboard: A Look At The Top Firms

By Rachel Reimer

What makes a firm stand out in the ever-changing legal landscape? Here's a peek at the 2026 Law360 Pulse Leaderboard — the firms that can demonstrate excellence on measures of prestige and the reach and capability of their legal practice.

Read full article » | Save to favorites »

Watchdog Can Pursue Jackson Walker Fees, Judge Says

By Clara Geoghegan

The U.S. Trustee's Office has standing to pursue millions of dollars in fees paid to Jackson Walker LLP in cases assigned to a judge who was in an undisclosed romantic relationship with one of the firm's ex-partners, a Texas bankruptcy court has concluded.

Report attached | Read full article » | Save to favorites »

6th Circ.'s Sutton Floats Class Action Limits At Judiciary Panel

By Jeff Overley

An influential federal judge is proposing new restrictions on class actions that aim to broadly block government policies, judiciary advisers heard at a Wednesday gathering, which also explored transparency ideas affecting legal finance and hard-to-access court records in the red-hot realm of immigration litigation.

1 document attached | Read full article » | Save to favorites »

Ex-Employee Of Seyfarth Client Drops Suit Over Data Breach

By Craig Clough

A Texas woman who filed a proposed class action against Seyfarth Shaw LLP over a data breach voluntarily dropped the claims Tuesday without prejudice, according to a filing in Illinois federal court. 

Notice attached | Read full article » | Save to favorites »

DOJ Moves To Remove Minn. Judges From Immigration Cases

By Britain Eakin

A top U.S. Department of Justice official has moved to disqualify two Minnesota federal judges from immigration cases, arguing that interviews they gave to The New York Times about the Trump administration's immigration enforcement efforts suggest they can't be impartial.

2 documents attached | Read full article » | Save to favorites »

FBI Says Fired Agents Acted In Politicized Manner

By Aneeta Mathur-Ashton

Lawyers for the government argued in a Washington, D.C., federal court Wednesday that an unfair firing suit from two former FBI agents should be tossed because they worked in a politicized manner on the "Arctic Frost" investigation into President Donald Trump's attempts to overturn his 2020 election loss.

Motion attached | Read full article » | Save to favorites »

Sen. Blackburn Clears Path For Trump's Tenn. Court Nominee

By Courtney Bublé

Sen. Marsha Blackburn, R-Tenn., has returned her blue slip for a judicial nominee for the Eastern District of Tennessee after an apparent delay.

Read full article » | Save to favorites »

​​​​​​​Mamdani Taps Top Judicial Adviser Amid New Ethics Reforms

By Andrea Keckley

New York Mayor Zohran Mamdani announced Tuesday that he has appointed a lawyer from the New York University School of Law's Brennan Center for Justice to lead his judicial advisory committee as the mayor's office unveils new reforms to the city's judicial selection process.

Read full article » | Save to favorites »

McCarter Beats Estate's Bid To Start $9.75M Interest Clock

By Brian Steele

A Connecticut state court judge has blocked a mall developer's family from filing a formal offer to settle a malpractice suit against McCarter & English LLP for $9.75 million, standing by a November 2025 decision to pause the case while similar litigation proceeds to trial.

2 documents attached | Read full article » | Save to favorites »