Manhattan Judge Dismisses Securities Fraud Claims Against Coinbase in WLUNA Investor Lawsuit

Manhattan Judge Dismisses Securities Fraud Claims Against Coinbase in WLUNA Investor Lawsuit

News | May 7, 2026 By:

On Friday, April 24, 2026, Law360 reported that U.S. District Judge Jed Rakoff dismissed securities fraud claims against cryptocurrency exchange Coinbase in a case brought by investors of the Wrapped Luna (WLUNA) token. WLUNA was designed to mirror the value of the original LUNA cryptocurrency associated with the failed Terraform blockchain.

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Lawmakers Introduce PACE Act to Expand Fintech Access to Fed Systems

Lawmakers Introduce PACE Act to Expand Fintech Access to Fed Systems

News | May 5, 2026 By:

On Tuesday, April 21, 2026, Law360 reported that Representatives Sam Liccardo (D-Calif.) and Young Kim (R-Calif.) introduced the Payments Access and Consumer Efficiency (PACE) Act, a bipartisan bill aimed at enabling nonbank fintech companies to directly access the Federal Reserve’s payment systems. The lawmakers believe this access will reduce costs and delays for consumers who use payment applications.

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