New York Attorney General Letitia James sued Coinbase and Gemini Tuesday, accusing them of "illegally running gambling operations" in the state through their prediction market offerings in twin actions that join a mounting pile of litigation between state gambling regulators and prediction market platforms.
New York Attorney General Letitia James sued Coinbase and Gemini Tuesday, accusing them of "illegally running gambling operations" in the state through their prediction market offerings in twin actions that join a mounting pile of litigation between state gambling regulators and prediction market platforms.
A California federal judge on Tuesday ordered Golden State indigenous groups, KalshiEx Inc. and Robinhood to explain why their fight over allegedly illegal gambling shouldn't be paused pending the Ninth Circuit's decision in a case determining whether Nevada can enforce state gambling laws against prediction markets.
Two federal lawmakers from California introduced a bipartisan bill on Tuesday that would create a path for nonbank fintechs to directly access the Federal Reserve's payment rails in the hopes of reducing bank fees and delays for consumers using payment apps.
Counsel for the founder of Beneficient on Tuesday told a Manhattan federal jury that the founder of the Dallas-based financial services firm did not defraud its onetime business partner GWG Holdings out of more than $100 million, saying a group of former insiders are trying to scapegoat the executive for GWG's downfall.
Federal Reserve chair nominee Kevin Warsh sought at his Tuesday confirmation hearing to rebut Democratic accusations that he would be a White House "sock puppet," distancing himself from President Donald Trump's calls for rate cuts and downplaying their significance.
Cryptocurrency platforms Coinbase and Kraken failed to adequately protect a Boston man from a sophisticated "support" scam that led to the loss of $500,000, according to a lawsuit filed in Massachusetts state court on Tuesday.
While the U.S. Securities and Exchange Commission's staff statement from last week carving out an exemption from broker-dealer registration for crypto-trading apps isn't a formal or permanent rule, it's the clearest signal yet of a quickly emerging coherent regulatory framework for digital assets, says Stephen Aschettino at Fox Rothschild.
Effective July 1, 2026, amendments to the Connecticut Data Privacy Act narrow the safe harbor for data used by banks, insurance companies and other financial services businesses, highlighting how state regulators plan to focus on how companies handle sensitive data and honor the data rights of the state's residents, say attorneys at Day Pitney.
Recent Federal Circuit opinions confirm that means-plus-function claims continue to be drafted, issued, litigated and even infringed — but minding the restrictions imposed over the years by courts and statute requires three steps, says Jay Yates at Patterson & Sheridan.
Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.
After raking in record-breaking federal lobbying revenue last year, several firms reported this week that they had their strongest quarter ever in the first three months of 2026, with practice leaders predicting another busy period ahead as midterms approach.
Retired U.S. Supreme Court Justice Stephen Breyer said Tuesday that the rise of the so-called shadow docket is a consequence of the post-COVID era and not a bid to usurp influence by the high court.
Sullivan & Cromwell LLP told a New York bankruptcy judge Saturday that an emergency motion it filed in Prince Global Holdings Ltd.'s Chapter 15 case contained several inaccurate citations and other errors, including what the firm described as artificial intelligence "hallucinations."
The former Black female director for associate recruiting at Pillsbury Winthrop Shaw Pittman LLP says she was unlawfully fired just weeks after disclosing her high-risk pregnancy to her supervisor, according to her discrimination and retaliation lawsuit filed Tuesday in Tennessee federal court.
U.S. District Judge Alan Albright is resigning after nearly eight years presiding over cases in the Western District of Texas, Law360 confirmed Tuesday.
Former state Judge Hannah Dugan asked a Wisconsin federal judge Tuesday to reconsider an order not to overturn her felony obstruction conviction for directing a defendant in her courtroom away from immigration agents, arguing the Fourth Circuit recently reversed a decision the trial court repeatedly relied upon.
The U.S. Copyright Office has issued more than 6,000 registrations for works that incorporate artificial intelligence-generated materials and follow the agency's guidance for combined human-made and AI-created works, U.S. Copyright Office leader Shira Perlmutter said Tuesday.
