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Fintech

  • June 26, 2025

    CSBS Issues Money Transmitter Guidance on Virtual Currency

    The Conference of State Bank Supervisors on Thursday released advisory guidance on how to consider virtual currency when calculating a licensee's tangible net worth under the Money Transmission Modernization Act, the first set of recommendations to be published under the CSBS board of directors' newly established process for issuing nonbinding, advisory guidance.

  • June 26, 2025

    GOP Sens. Aim To Finalize Crypto Market Bill By Sept. 30

    Republican senators pledged Thursday to finish their digital asset market structure legislation by the end of September, stressing the urgency of delivering on President Donald Trump's aim to make the U.S. the cryptocurrency capital of the world.

  • June 26, 2025

    'Pig Butchering' Scam Suit Dismissed For Good

    An Alabama resident who sued two cryptocurrency firms and their CEO, accusing them of running a $28 million "pig butchering" scam that defrauded victims by laundering stolen cryptocurrency through a complex network of wallets, has jointly agreed with the defendants to dismiss the suit with prejudice.

  • June 26, 2025

    NY Judge Again Rejects Bid To Undo Ripple, SEC Judgment

    A New York federal judge on Thursday rejected a joint request from the U.S. Securities and Exchange Commission and Ripple Labs Inc. to undo a permanent injunction and cut down the $125 million fine included in her final judgment in the landmark case.

  • June 26, 2025

    Lime Revs Up IPO, Crypto's Prospects Rise, And More Rumors

    Uber Technologies Inc.-backed electric bike startup Lime is moving forward on a U.S. initial public offering, while more crypto ventures are seeking public listings and insurance giant BrightHouse inches closer to a sale.

  • June 26, 2025

    Latham, Weil Lead PE-Backed Jefferson Capital's $150M IPO

    Private equity-backed consumer collections firm Jefferson Capital Inc. rallied in debut trading Thursday after pricing a $150 million initial public offering at the low point of its marketed range, represented by Latham & Watkins LLP and underwriters' counsel Weil Gotshal & Manges LLP.

  • June 25, 2025

    Coinme Fined $300K In Landmark Calif. Enforcement Action

    Crypto kiosk operator Coinme Inc. has agreed to pay a $300,000 fine to resolve findings that it violated California's kiosk transaction limits and failed to include certain disclosures on receipts, the California Department of Financial Protection and Innovation announced Wednesday.

  • June 25, 2025

    SEC Says Banned Investment Adviser Ran Crypto Fund Fraud

    A San Diego man and his dissolved company face U.S. Securities and Exchange Commission allegations that they improperly raised $413,000 from at least 11 investors on the strength of promises they'd put the money into a pooled investment vehicle for crypto assets.

  • June 25, 2025

    10th Circ. Urged To Revive Post-Jarkesy FDIC Challenge

    A Kansas bank has urged the Tenth Circuit to revive its suit claiming the Federal Deposit Insurance Corp. violated the bank's right to a jury trial through an enforcement proceeding before an agency-appointed judge, arguing federal courts must be able to hear such constitutional claims.

  • June 25, 2025

    Citi Accused Of Complicity In $20M NFT 'Pig Butchering' Scam

    Citibank NA has been hit with a lawsuit in New York federal court by a Texas man accusing it of ignoring red flags that allowed scammers to use accounts at the bank to siphon nearly $4 million from his family trusts after he fell for a social media romance scam involving non-fungible tokens.

  • June 25, 2025

    The 5 Big Enforcement Trends White Collar Attys Must Know

    The Trump administration has made clear its intent to prioritize U.S. interests, eliminate transnational cartels and cut government fraud, waste and abuse — but questions remain about the administration’s approach to foreign bribery, crypto, public corruption, self-disclosure and clemency as we head into the second half of the year.

  • June 25, 2025

    SwervePay, Buyers Duel In Del. Over Payment Tech Fraud Suit

    Dueling fraud claims have gone to Delaware's chancellor for judgment, following post-trial arguments in litigation that began with principals of e-payment facilitator SwervePay accusing the company's buyers of overstating — by tens of billions — payment volumes that would generate post-sale earnouts under a proposed 2020 acquisition.

  • June 25, 2025

    Tech-Focused SPACs Raise $408M Combined In New Listings

    A pair of technology-focused special-purpose acquisition companies debuted on Wednesday after pricing two initial public offerings that raised $408 million combined, joining a wave of new SPAC listings, under guidance from five law firms.

  • June 25, 2025

    Do Kwon Trial Judge Has Eye On Federal Crypto Legislation

    Federal legislation that could codify stablecoins as payment-related assets — not securities — has the potential to impact the Manhattan U.S. attorney's $40 billion criminal case against Terraform founder Do Kwon, a federal judge said Wednesday.

  • June 25, 2025

    Blockchain Tech Biz Digital Asset Snags $135M In VC Funding

    Blockchain technology company Digital Asset has secured $135 million of strategic funding, which will be used to accelerate the institutional and decentralized adoption of its Canton Network.

  • June 25, 2025

    Xero Paying Up To $3B For Melio Amid North American Push

    Xero Ltd. has agreed to acquire New York-based payments platform Melio for $2.5 billion, plus up to $500 million in contingent payments, as the New Zealand-based company looks to deepen its North American presence.

  • June 24, 2025

    GOP Senators Unveil Crypto Market Framework Principles

    Senate Republicans on Tuesday morning released a set of principles to guide the development of digital asset market structure legislation, their latest push toward regulating the cryptocurrency space following their passage of stablecoin legislation last week.

  • June 24, 2025

    No New Trial For Convicted Crypto CEO Linked To Abramoff

    A California federal judge Tuesday declined to acquit a cryptocurrency company founder convicted of fraud and money laundering in a case that also involved disgraced ex-lobbyist Jack Abramoff, calling the defendant's assertions that the court wrongly blocked evidence showing Abramoff had conspired against the company "laughable."

  • June 24, 2025

    Visa Can't Duck DOJ's Debit Card Monopoly Case

    A New York federal court has refused to throw out the U.S. Department of Justice's case accusing Visa of illegally maintaining a monopoly over debit card networks, rejecting arguments about the market at issue, discounts offered and the scope of deals with would-be competitors.

  • June 24, 2025

    Dechert Grows In DC With SEC Investment Management Atty

    Dechert LLP announced Tuesday that it has added the former assistant chief counsel of the U.S. Securities and Exchange Commission's Division of Investment Management to enhance its capacity to advise clients about financial services and regulatory matters.

  • June 24, 2025

    Kirkland Hires Goodwin Investment Partner In Boston

    Kirkland & Ellis LLP has hired a former counsel to a commissioner of the U.S. Securities and Exchange Commission, who moves to the firm's Boston office after more than five years at Goodwin Procter LLP.

  • June 23, 2025

    GOP Plan For Merging Agencies Faces Reckoning, And Alarm

    The Senate parliamentarian has given a thumbs-down to a Republican budget proposal that would allow President Donald Trump to unilaterally eliminate agencies through mergers and consolidation, adding to what experts say are a host of problems with the little-noticed provision.

  • June 23, 2025

    FTX Trust Slams Three Arrows' 'Illogical' $1.5B Claim

    The FTX bankruptcy recovery trust on Friday objected to a $1.53 billion claim made by the now-liquidated cryptocurrency hedge fund Three Arrows Capital Ltd., saying the "illogical and baseless" claim grossly inflates the actual value of assets associated with its customers' FTX accounts, while offering zero supporting evidence.

  • June 23, 2025

    Visa Defeats Class Claims Over Third-Party Gift Card Scams

    A New York federal judge on Monday threw out a proposed class action accusing Visa of knowingly peddling gift cards that are susceptible to scams, ruling that "no reasonable consumer would fail to recognize the possibility that a gift card they bought may be subject to a third-party scam."

  • June 23, 2025

    Fed Joins Peers In Axing Reputational Risk As Exam Factor

    The Federal Reserve Board on Monday became the latest regulator to announce that it will no longer consider reputational risk in its examination programs for the supervision of banks.

Expert Analysis

  • Series

    Power To The Paralegals: An Untapped Source For Biz Roles

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    Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.

  • Fledgling Crypto ATM Regs May Be Due For A Growth Spurt

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    As cryptocurrency ATM use and availability become more prevalent within the U.S. financial services ecosystem, states — only a few of which currently have a crypto ATM framework — may need to consider expanding legislation and regulation to accelerate consumer fraud protection practices, says Jason Noto at Polsinelli.

  • The Legal Risks Of US Restrictions On Investments In China

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    The second Trump administration has continued to embrace a more restrictive economic policy toward China, including an ongoing review of further restrictions on the flow of U.S. capital to China, so early planning and enhanced diligence can reduce exposure to the challenges resulting from further restrictions, say attorneys at Cleary.

  • Series

    Playing Poker Makes Me A Better Lawyer

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    Poker is a master class in psychology, risk management and strategic thinking, and I’m a better attorney because it has taught me to read my opponents, adapt when I’m dealt the unexpected and stay patient until I'm ready to reveal my hand, says Casey Kingsley at McCreadyLaw.

  • Opinion

    Why It's Time To Retire The Efficient Market Hypothesis

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    As agentic artificial intelligence systems increasingly affect financial markets, the efficient market hypothesis no longer offers a viable foundation for legal and regulatory engagement, and a new theoretical foundation is needed, say Zachary Brenner, a student at California Western School of Law, and attorney Gary Brenner.

  • Avoiding The Risk Of Continued AI-Washing Enforcement

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    A recent action brought by the U.S. Securities and Exchange Commission and Department of Justice, alleging a software developer defrauded investors by lying about his app’s artificial intelligence capabilities, suggests this administration will continue to target AI washing, so companies should adopt practices to mitigate enforcement risk, say attorneys at Debevoise.

  • Key Aspects Of FDIC's Resolution Planning FAQ

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    The Federal Deposit Insurance Corp.'s recent FAQ on changes to its resolution plan rule ease burdensome requirements for some large institutions and exempt others from discussion of franchise components, making it easier for banks to finalize submissions before the July 1 deadline, say attorneys at Moore & Van Allen.

  • Opinion

    Counterfeiting Cases Could Alter TM Law, Hurt Resale Market

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    Trademark infringement litigation brought by Nike and Chanel against resale platforms could reshape the first-sale doctrine, with the future of the $49 billion luxury fashion resale market at stake, says attorney Charles Meyer.

  • Series

    Law School's Missed Lessons: Becoming A Firmwide MVP

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    Though lawyers don't have a neat metric like baseball players for measuring the value they contribute to their organizations, the sooner new attorneys learn skills frequently skipped in law school — like networking, marketing, client development and case evaluation — the more valuable, and less replaceable, they will be, says Alex Barnett at DiCello Levitt.

  • How NY's FAIR Act Mirrors ÃÛÌÒÊÓÆµ State Recommendations

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    New York's proposed FAIR Business Practices Act, which targets predatory lending and junk fees, reflects the Rohit Chopra-era Consumer Financial Protection Bureau's recommendations to states in a number of ways, including by defining "abusive" conduct and adding a new right to file class actions, says Christian Hancock at Bradley Arant.

  • How Cos. Can Navigate Risks Of New Cartel Terrorist Labels

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    The Trump administration’s recent designation of eight drug cartels as foreign terrorist organizations gives rise to new criminal and civil liabilities for companies that are unwittingly exposed to cartel activity, but businesses can mitigate such risks in a few key ways, say attorneys at Steptoe.

  • What We Lost After SEC Eliminated Regional Director Role

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    Former U.S. Securities and Exchange Commission Regional Director Marc Fagel discusses the recent wholesale elimination of the regional director position, the responsibilities of the job itself and why discarding this role highlights how the appearance of creating a more efficient agency may limit the SEC's effectiveness.

  • $38M Law Firm Settlement Highlights 'Unworthy Client' Perils

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    A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.

  • Hints Of Where Enforcement May Grow Under New ÃÛÌÒÊÓÆµ

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    Though the Consumer Financial Protection Bureau has significantly scaled back enforcement under the new administration, states remain able to pursue Consumer Financial Protection Act violators and the ÃÛÌÒÊÓÆµ seems set to enhance its focus on predatory loans to military members and fraudulent debt collection and credit reporting practices, say attorneys at MoFo.

  • Series

    Teaching Business Law Makes Me A Better Lawyer

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    Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the importance of the rule of law and the benefits of our common law system, which helps me maintain a clearer perspective on work, says David Feldman at Feldman Legal Advisors.

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