Twenty million dollars is a lot of money for a lawyer (or anyone, tbh) to make in a year. Yes, even for very talented Biglaw types. But that benchmark is becoming increasingly common due to the pressure coming from the very top of Biglaw. Simpson Thacher recently made headlines for deciding to keep up with the Kirklands, Lathams, and Paul…
The FTX scandal is set to get a limited series from a production company founded by former United States President Barack Obama and first lady Michelle Obama. Netflix confirmed which stars will lead a forthcoming 8-episode limited series, “The Altruists,” about the FTX scandal. Julia Garner, from “Inventing Anna” and “Ozark,” will star as Caroline Ellison, while “House of Guinness”…
For decades, the US regulators who work to keep inflation down and economic growth up, ensure markets are competitive and transparent, safeguard elections, and protect workers, consumers and investors have operated largely free of political influence. The Federal Reserve, the Securities and Exchange Commission (SEC), the Federal Election Commission, and more than a dozen other regulatory agencies have a remit…
The Justice Department won’t allow the American Bar Association to vet President Donald Trump’s picks for judicial appointments. The Office of Legal Policy, which prepares judicial nominees, will no longer “direct nominees to provide waivers allowing the ABA access to non-public information, including bar records,” according to a Thursday letter from Attorney General Pam Bondi to the association’s president, William…
“I do think that sometimes, when something bad happens in this space, people who are remarkably free thinkers, libertarian-minded people, come in and say, ‘Where was the government? Why weren’t you protecting me? Hey, Crypto Mom, where’s my bailout?’” she told a crowd at Bitcoin 2025 in Las Vegas, referring to her industry nickname. “C’mon, let’s have some consistency,” Peirce…
The U.S. Securities and Exchange Commission filed a joint stipulation on Thursday afternoon with Binance, its related entities and its founder, Changpeng Zhao, to dismiss, with prejudice, the Commission’s ongoing civil enforcement action against them. Emily Kapur, the co-chair of Quinn Emanuel Urquhart & Sullivan’s blockchain and digital asset litigation, and her partners, Bill Burck and Avi Perry, who are…
Crypto staking, under certain circumstances, does not appear to implicate U.S. securities law, a branch of the U.S. Securities and Exchange Commission said late Thursday. The SEC’s Division of Corporation Finance published a staff statement — the latest in a series from the regulator — spelling out how the regulator may evaluate proof-of-stake networks, mainly noting that covered activities do…
Five individuals were charged in a 19-count indictment for their participation in a scheme to trade securities on the basis of material nonpublic information about the merger between two companies that resulted in profits of over $600,000, U.S. Attorney Alina Habba announced. According to court documents, between May and June 2023, Rouzbeh “Ross” Haghighat, 61, of West Newbury, Massachusetts, Behrouz…
A panel of federal judges on Wednesday blocked President Trump from imposing some of his steepest tariffs on China and other U.S. trading partners, finding that federal law did not grant him “unbounded authority” to tax imports from nearly every country around the world. The ruling, by the U.S. Court of International Trade, delivered an early yet significant setback to…
The US Labor Department will no longer urge 401(k) overseers to act with “extreme care” before offering cryptocurrencies, a decision that will be welcomed by some firms lobbying to add private assets to those accounts. In rescinding the 2022 guidance issued under President Joe Biden, the Labor Department said it’s now taking a neutral stance on whether administrators of defined-contribution…