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Legaltech News
Reporting, and expert analysis of legal technology with a focus onwhat legal departments, law firms, and tech companies need to know
"Whenever a small group of dominant companies gains control of an emerging industry, competitive risks are inevitable," Mogin Law wrote in a note to clients.
Carl Tobias, a University of Richmond Law School professor, applauded the Senate Judiciary Committee for embracing bipartisanship during the hyperpartisan Trump era as Democrats and Republicans advanced the nominations of three President Donald Trump nominees for federal courts in North Carolina.
"I think that rigorous, in-depth conversations about due process, the rule of law and how wonderful our justice system is need to occur as often as possible. These conversations should take place in schools, at bar events, at local chambers of commerce and at dinner tables."
Confirmed in a 50-47 vote, Mascott is Trump’s second appointee to the U.S. Court of Appeals for the Third Circuit in his second term. The Senate confirmed the president’s former personal lawyer and Justice Department official Emil Bove in July.
Legal experts say money laundering and other financial crimes under the federal Bank Secrecy Act have not been used as a pretext to scrutinize the reputation of banks, which can suffer consequential reputational hits by engaging with bad actors.
Market regulators have been directed to forge ahead with creating a framework directed at enabling the U.S. financial markets to move “on-chain.” Though we do not yet have the full picture of the ultimate structure, several key elements will likely be included.
U.S. District Judge Jamar K. Walker, a former Covington & Burling associate and ex-prosecutor who once oversaw the Financial Crimes & Public Corruption Unit in the U.S. Attorney's Office for the Eastern District of Virginia, will preside over the Trump administration's white-collar criminal case charging New York Attorney General Letitia James with bank fraud in Virginia federal court.
“We're almost at year-end. People want to accomplish things before the year ends. If we're shut down all of October, that slows things down and hurts companies,” noted Aaron Cutler of Hogan Lovells.
“The first step that employers should really focus on is to conduct a thorough audit of what tools they’re using,” said Jillian Ambrose, counsel at Crowell & Moring.
Jack Murphy warned general and outside counsel of digital asset companies seeking to avoid risk that it would be a mistake for them to be complacent, notwithstanding the current administration’s industry-friendly approach.
