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Fintech

  • August 07, 2025

    ND Judge Strikes Down Fed's Debit Card Fee Regulation

    A North Dakota federal judge has invalidated the Federal Reserve's regulation limiting certain debit card fees charged in merchant transactions, ruling in favor of a truck stop and convenience store in finding that the Fed had attempted to "improperly repackag[e] the defunct-Chevron deference under a different name."

  • August 07, 2025

    Fintiv Says Apple's 'Trojan Horse' Stole Mobile Wallet Tech

    Fintiv Inc. upped the ante Wednesday in its mobile wallet technology litigation against Apple Inc., accusing it in a new lawsuit of "theft and racketeering of monumental proportions" just days after a Texas federal judge called off a looming patent trial between the companies.

  • August 07, 2025

    Trump Taps Economic Adviser Miran For Fed Board Vacancy

    President Donald Trump said Thursday that he has chosen Stephen Miran, the chairman of his Council of Economic Advisers, to fill a vacancy on the Federal Reserve's Board of Governors until early 2026 while continuing to search for a permanent replacement.

  • August 07, 2025

    Binance Partner To Pay $48.5M For Compliance Failure Claims

    Cryptocurrency trust Paxos Trust Co. has agreed to pay a $26.5 million fine and place $22 million into beefing up its compliance program in a settlement with a New York regulator over its anti-money laundering policies and other alleged due diligence failures related to its stablecoin partnership with crypto exchange Binance.

  • August 07, 2025

    Crypto Biz Ripple Snags VC-Backed Rail In $200M Deal

    Enterprise blockchain and crypto solutions company Ripple on Thursday unveiled plans to buy venture capital-backed global payments platform Rail in a $200 million deal.

  • August 07, 2025

    Trump 'Debanking' Order Calls For Scrutiny Of Bank Practices

    President Donald Trump on Thursday directed federal regulators to investigate and potentially punish banks if they have turned away customers based on their political or religious beliefs, escalating his administration's crackdown on so-called debanking.

  • August 07, 2025

    Trump Greenlights Private Equity, Crypto 401(k) Investing

    President Donald Trump signed an executive order Thursday that aims to make it easier for retirement plans to invest in a wider range of assets, including cryptocurrency, private equity and real estate.

  • August 06, 2025

    Pomerantz Tapped To Lead MicroStrategy Securities Suit

    Pomerantz LLP will serve as lead counsel and Cohen Milstein Sellers & Toll PLLC as liaison counsel for the proposed class of investors in a suit in Virginia federal court alleging that analytics software company MicroStrategy downplayed the risk of major financial losses that followed an update to its crypto accounting methodology.

  • August 06, 2025

    Crypto.com Seeks Win Over Nev. Regulators In Betting Brawl

    The derivatives platform owned by Crypto.com asked a Nevada federal judge to permanently block the state's gambling regulators from taking action over its sports event contracts, which it argues are exclusively overseen by the U.S. Commodity Futures Trading Commission.

  • August 06, 2025

    DOJ Wants Crypto Fraudsters To Get 10 Years For $577M Case

    Two Estonian nationals say they should get no additional jail time after pleading guilty to running a $577 million crypto-focused Ponzi scheme, while prosecutors told a federal court the men each deserve 10 years in prison "to punish their massive and egregious fraud, to deter them and others from committing similar fraud in the future, and to protect the public."

  • August 06, 2025

    9th Circ. Backs SEC's No-Denials Settlements Rule

    The Ninth Circuit on Wednesday rejected a First Amendment challenge to a decades-old U.S. Securities and Exchange Commission rule that restricts defendants who settle securities law charges from denying the claims against them, saying the law has "long regarded the voluntary relinquishment of constitutional rights as permissible" with safeguards.

  • August 06, 2025

    McDermott Adds Mintz Litigator As First Post-Merger Hire

    McDermott Will & Schulte is boosting its litigation team announcing Wednesday that a Mintz Levin Cohn Ferris Glovsky and Popeo PC cross-border asset recovery pro is joining its four-month-old San Diego office as a partner, the firm's first new partner hire since completing its merger last week.

  • August 06, 2025

    Tornado Founder Gets Partial Mistrial, Convicted On 1 Count

    A federal jury in Manhattan on Wednesday convicted Tornado Cash co-founder Roman Storm of conspiring to operate the crypto mixer as an unlicensed money transmitting business, but deadlocked on money laundering and sanctions charges.

  • August 05, 2025

    Tornado Cash Jury Still Out, SEC Leader Backs Privacy Tech

    Jury deliberations in the money laundering and sanctions trial of Tornado Cash co-founder Roman Storm continued Tuesday with no verdict, one day after a top securities regulator championed the legitimacy of privacy-protecting technologies, much like defense claims about the cryptocurrency tumbler.

  • August 05, 2025

    Voyager Digital's Former Bank Escapes Fraud Suit, For Now 

    Voyager Digital's former bank, Metropolitan Commercial Bank, has won dismissal of a 53-count suit alleging it was complicit in bad behavior by the now-defunct crypto lender and should be on the hook for repaying platform users, with the court ruling that the complaint as-is does not plausibly plead fraud or unjust enrichment.

  • August 05, 2025

    Fired NCUA Officials Urge DC Circ. To Return Them To Board

    Two top credit union regulators fired by President Donald Trump are asking the D.C. Circuit to let them go back to work while it reviews a lower-court decision reinstating them, arguing their service is needed to prevent a painful impending snapback in interest-rate limits for federal credit unions.

  • August 05, 2025

    Credit Co. Director Seeks Del. Toss Of Harassment-Tied Suit

    A former director of credit repair company Credit Glory, accused of fiduciary duty breaches in Delaware's Court of Chancery for alleged sexual harassment of employees, argued on Tuesday that a co-director's purported conflicts in bringing the suit justified dismissal.

  • August 05, 2025

    Coinbase Users' Hidden Fees Suit Kicked To Arbitration

    Crypto traders who accused Coinbase of charging them hidden "spread fees" by deceptively inflating cryptocurrency prices and concealing the fees in the price quotes will have to resolve their dispute in arbitration, with a California federal judge ruling Tuesday that the Federal Arbitration Act supersedes the parties' arbitration agreement.

  • August 05, 2025

    SEC Deems 'Liquid Staking' Outside Its Crypto Purview

    U.S. Securities and Exchange Commission staff said Tuesday that certain so-called liquid staking arrangements and the assets they create are beyond its jurisdiction, marking the agency's first piece of guidance since announcing a push to craft rules and establish exemptions for the digital asset industry in line with recent White House recommendations.

  • August 05, 2025

    SEC Fines Platform Founder $10M Over Crypto-Backed Scam

    The owner of a shuttered lending platform has agreed to pay over $10 million to end a U.S. Securities and Exchange Commission case accusing him of defrauding customers by using their money to buy millions of dollars' worth of TerraUSD before the stablecoin collapsed.

  • August 05, 2025

    Binance Founder Seeks Exit From FTX $1.76B Clawback Suit

    Former Binance CEO Changpeng Zhao asked a Delaware bankruptcy judge to dismiss him from a clawback suit filed by the estate of bankrupt crypto exchange FTX seeking to recover $1.76 billion it says FTX illegally transferred before its collapse two years ago, saying the transaction was outside the court's jurisdiction.

  • August 04, 2025

    4 Firms Build $558M Crypto Treasury With Telegram Token

    Guided by Perkins Coie LLP and Brownstein Hyatt Farber Schreck, Verb Technology Co. Inc. announced Monday a $558 million private placement deal to stockpile the Telegram-afflilated TONcoin token.

  • August 04, 2025

    Kalshi Incurs 1st Loss In Quest To Avoid State Scrutiny

    A Maryland federal judge won't bar the state's gaming regulators from taking action over Kalshi's sports event contracts for the time being, finding the trading platform hasn't shown that Congress specifically intended to preempt state gambling laws when it passed federal derivatives regulation.

  • August 04, 2025

    Axos Wins $40M In Trade Secrets Case Against Calif. Rival

    A California federal court has ordered Nano Banc and several former employees and executives to pay $40 million to rival Axos Bank after they were found liable for trade secret misappropriation and other claims.

  • August 04, 2025

    Trial Called Off After Judge Partly Clears Apple In Fintiv Row

    Western District of Texas Judge Alan Albright called off a trial scheduled for Monday in Fintiv Inc.'s long-running mobile wallet patent case against Apple Inc., after he cleared Apple of infringing some claims and Fintiv opted to appeal rather than putting the remaining claims before a jury.

Expert Analysis

  • State, Fed Junk Fee Enforcement Shows No Signs Of Slowing

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    The Federal Trade Commission’s potent new rule targeting drip pricing, in addition to the growing patchwork of state consumer protection laws, suggest that enforcement and litigation targeting junk fees will likely continue to expand, says Etia Rottman Frand at Darrow AI.

  • Series

    Law School's Missed Lessons: Practicing Self-Care

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    Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

  • What Expanding Merchant Code Regs Mean For Processors

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    Arkansas and South Dakota recently joined a host of other states that restrict payment processors' usage of merchant category codes with laws that include noteworthy prohibitions against maintaining registries of firearms owners, with ramifications for multistate payment systems, say attorneys at Mayer Brown.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.

  • 3rd-Party Audit Tactics To Improve Export Control Compliance

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    Companies should take a strategic approach to third-party audits in response to the Trump administration's ramp-up of export control enforcement with steps that strengthen their ability to identify the control weaknesses of distributors, dealers and resellers, say Michael Huneke at Hughes Hubbard, and John Rademacher and Abby Williams at Secretariat Advisors.

  • A Look At Trump Admin's Shifting Strategies To Curtail ÃÛÌÒÊÓÆµ

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    The Trump administration has so far carried out its goal of minimizing the Consumer Financial Protection Bureau's authority and footprint via an individualized approach comprising rule rollbacks, litigation moves and administrative tools, say attorneys at Holland & Knight.

  • How Trump's Trade Policies Are Shaping Foreign Investment

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    Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.

  • How Trump Admin Treasury Policies Are Reaching Banks

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    The Treasury Department has emerged as an important facilitator of the Trump administration's financial policies affecting banks, which are now facing deregulation domestically and the use of international economic authorities in cross-border trade and investment, say attorneys at Davis Polk.

  • Series

    My Opera And Baseball Careers Make Me A Better Lawyer

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    Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.

  • A Look At DOJ's Dropped Case Against Early Crypto Operator

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    The prosecution of an early crypto exchange operator over alleged unlicensed money transmission was recently dropped in Indiana federal court, showcasing that the U.S. Justice Department may be limiting the types of enforcement cases it will bring against digital asset firms, say attorneys at Greenberg Traurig.

  • Policy Shifts Bring New Anti-Money Laundering Challenges

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    In the second half of 2025, the U.S. anti-money laundering regulatory landscape is poised for decisive shifts in enforcement priorities, compliance expectations and legislative developments — so investment advisers and other financial institutions should take steps to prepare for potential new obligations and areas of risk, say attorneys at Linklaters.

  • 8 Ways Lawyers Can Protect The Rule Of Law In Their Work

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    Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.

  • Assessing New Changes To Texas Officer Exculpation Law

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    Consistent with Texas' recent modernization of its corporate law, the recently passed S.B. 2411 allows officer exculpation, streamlines certificate of formation amendments, authorizes representatives to act on shareholders' behalf in mergers and makes other changes aimed toward companies seeking a more codified, statutory model of corporate governance, say attorneys at Bracewell.

  • Series

    Law School's Missed Lessons: Communicating With Clients

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    Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.

  • Trending At The PTAB: Shifts In Parallel Proceedings Strategy

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    Dynamics are changing between the Patent Trial and Appeal Board and federal courts, with two recent discretionary denials and one Federal Circuit decision offering takeaways for both patent owners and challengers navigating parallel proceedings, say attorneys at Finnegan.

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