News and Insights

PREDICTION MARKETS, SPORTSBOOKS, AND SELIG’S CFTC: A JURISDICTIONAL INFLECTION POINT

01/29/2026

By Braeden Anderson & Khoa Nguyen Prediction markets were once on the margins of financial innovation, but that era is over. Sports-linked event contracts have become the flashpoint for a rapidly …

SEC CHAIR OUTLINES PLAN TO BRING CLARITY TO DIGITAL ASSET OVERSIGHT

12/01/2025

By Braeden Anderson SEC Chair Paul S. Atkins’ recent remarks on Nov. 12, 2025 at the Federal Reserve Bank of Philadelphia signal one of the most constructive regulatory developments the digital …

CRYPTO TAX: YEAR-IN-REVIEW

11/24/2025

By Aaron Kriss and Braeden Anderson KEY U.S. FEDERAL AND GLOBAL DEVELOPMENTS Since 2023, there has been a wave of significant tax and regulatory developments affecting digital assets in the United States …

SEC Chairman Paul Atkins Announces Updates to Wells Process

10/17/2025

By: Braeden Anderson SEC Chairman Paul S. Atkins has signaled a shift in how the Commission approaches the Wells process, announcing a series of procedural refinements aimed at standardizing and clarifying …

SEC Policy Update: Coordinated Review of Settlements and Waivers Restored

10/08/2025

By Braeden Anderson On September 26, 2025, Chairman Paul S. Atkins of the U.S. Securities and Exchange Commission (SEC) announced that the Commission will restore its prior practice of simultaneous consideration …

SEC Provides Key Update on Treasury Clearing Rule Implementation

10/01/2025

By Braeden Anderson On September 30, 2025, SEC Commissioner Mark T. Uyeda issued an important update on the Commission’s ongoing efforts to implement the Treasury Clearing Rule, a major regulatory initiative …

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

09/04/2025

By: Braeden Anderson 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 of Market Oversight …

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

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 Title VII. …