Senate Majority Leader John Thune, R-S.D., has confirmed that the Clarity Act to regulate cryptocurrency markets won't get a vote until the chamber returns from its August recess, but lawmakers on both sides of the aisle have committed to continued negotiations.
Senate Majority Leader John Thune, R-S.D., has confirmed that the Clarity Act to regulate cryptocurrency markets won't get a vote until the chamber returns from its August recess, but lawmakers on both sides of the aisle have committed to continued negotiations.
The White House has notified Federal Reserve Gov. Lisa Cook that President Donald Trump is "considering" moving again to oust her from the central bank, setting up another potential legal battle after the U.S. Supreme Court blocked her removal in June.
The Office of the Comptroller of the Currency has denied European digital bank Bunq's application to charter a U.S. bank, citing "significant" concerns around the financial resources, business plan and managerial competence of the proposed offshoot.
U.S. Bancorp has become the latest big bank to formally disclose to investors that multiple federal authorities are scrutinizing it in connection with President Donald Trump's push to crack down on so-called debanking, or account closures perceived as politically biased.
The U.S. Commodity Futures Trading Commission Friday told prediction markets under its supervision that they must display clear pricing information for event contracts, warning such entities that they cannot list prices in ways that look like gambling odds.
Sports betting app Novig, which is suing Massachusetts and New York over their gambling and sports wagering laws, says emergency relief is needed for the company to continue carrying out its operations in New York.
Federal law does not preempt Michigan's authority to regulate sports-based derivatives, a Michigan federal judge said in a Thursday order denying Coinbase Financial Markets' request for a preliminary injunction against Michigan state officials.
Kalshi has urged a federal judge to issue an injunction barring Utah from enforcing its anti-gambling laws against the company's prediction markets while it appeals a ruling holding the state could do so.
Online fundraising platform GoFundMe is using deceptive website design practices to trick consumers into paying optional "tips" that wholly benefit the company and are automatically tacked onto their donations without their explicit consent, according to a putative class action filed in Illinois federal court.
A California state court's recent ruling in OppFi v. Hewlett offers fintech-bank partnerships a blueprint for structuring lending programs to withstand future true lender challenges, while signaling that enforcement theories may face added scrutiny under the state's ban on underground regulations, say attorneys at Womble Bond.
President Donald Trump's incoming White House counsel is a former personal attorney for the president who is already working for the White House and was at the U.S. Department of Justice during his first term.
Illinois Gov. JB Pritzker has signed into law a bill designed to target nonlawyer ownership of law firms, outlawing fee sharing with out-of-state alternative business structures and attempting to place restrictions on law firms' use of managed services organizations.
The Ninth Circuit's rejection of a spa's religious objections to serving transgender customers is incompatible with several major precedents, according to a U.S. Supreme Court petition filed Monday in litigation that soared in prominence when dozens of circuit judges decried a salacious dissent.
A California federal court rejected a bid Monday from Commercial Real Estate Exchange Inc., or CREXi, for a stay in CoStar's copyright case while CREXi looks to undo the disqualification of its attorneys from Quinn Emanuel Urquhart & Sullivan LLP.
A pair of business owners asked the Florida Supreme Court to reverse a decision affirming judgment in favor of Morgan Lewis & Bockius LLP in a dispute over whether the law firm had routed income through illegal tax shelters.
