News and Insights

Coordinated Clarity: SEC and CFTC Issue Joint Statement on Spot Crypto Asset Trading

09/04/2025

By: Braeden Anderson & Ibrahim Salah On September 2, 2025, the U.S. Securities and Exchange Commission’s (“SEC”) Division of Trading and Markets and the U.S. Commodity Futures Trading Commission’s (“CFTC”) Divisions …

From Negligence to Intent? The Future of Rule 206(4)-8 Enforcement

08/21/2025

By: Braeden Anderson Recent leadership changes at the Securities and Exchange Commission may signal a recalibration of how Advisers Act Rule 206(4)-8 is enforced. With Chairman Paul Atkins back at the …

SEC to Hold Roundtable on the Order Protection Rule: Revisiting Two Decades of Reg NMS

08/20/2025

By: Braeden Anderson The U.S. Securities and Exchange Commission announced it will host a public roundtable on September 18, 2025, to re-examine the Order Protection Rule (Rule 611 of Regulation NMS) …

Digital Asset Market Structure Reform and State Securities Regulator Response – August 2025

08/14/2025

The regulatory landscape for crypto asset markets is evolving at a pace that is testing the adaptability of market participants, lawmakers, and regulators alike. In recent months, legislative proposals, executive …

Powell v. SEC: Ninth Circuit Upholds SEC’s “No-Admit/No-Deny” Policy

08/12/2025

On August 6, 2025, the U.S. Court of Appeals for the Ninth Circuit issued its opinion in Powell v. SEC, No. 24-1899, rejecting a facial challenge to the U.S. Securities …

SEC Approves In-Kind Creations and Redemptions for Bitcoin and Ether ETPs

08/01/2025

On July 29, 2025, the U.S. Securities and Exchange Commission issued Release No. 34-103571, granting accelerated approval to a suite of proposed rule changes submitted by The Nasdaq Stock Market …

NVCA FORMS: What Are They and Why Should You Care?

07/08/2025

The Nation Venture Capital Association, an organization comprised of members representing both the interests of startups and venture capital firms (NVCA), first developed the suite of agreements commonly referred to …

What is a Provisional Patent Application?

06/24/2025

In 1994, Congress amended the U.S. Patent Laws to create a new type of patent filing called a provisional patent application, and with this came a good deal of confusion …

CLIENT ALERT: Supreme Court Rejects Rule Requiring Majority-Group Plaintiffs To Meet Higher Evidentiary Standard for Title VII Claims

06/09/2025

By Jennifer Henricks On June 5, a unanimous Supreme Court ruled that majority-group plaintiffs cannot be held to a higher evidentiary standard than minority-group plaintiffs when bringing claims for discrimination under …

Executive Order Seeks to Eliminate Disparate Impact Liability in Title VI & VII Enforcement Actions

05/14/2025

By Ibrahim N. Salah On April 23, 2025 (the “Effective Date”), President Trump issued an executive order entitled “Restoring Equality of Opportunity and Meritocracy” (the “Executive Order”) concerning the disparate impact …

Client Update – Executive Order Upends Affirmative Action For Federal Contractors and Opens Door to False Claim Act Liability

02/19/2025

By Ibrahim N. Salah and Zane Fernandez On January 21, 2025 (the “Effective Date”), President Trump issued an executive order entitled “Ending Illegal Discrimination and Restoring Merit-Based Opportunity” (the “Executive Order” …

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