The Emerging Crypto Cop: The U.S. Secret Service

U.S. Secret Service Quietly Becomes a Leading Crypto Cop as Digital Fraud Soars

The U.S. Secret Service, better known for protecting American presidents, has emerged as a major force in the fight against cryptocurrency crime, Bloomberg reported on Saturday. Through its Global Investigative Operations Center (GIOC), the agency has seized nearly $400 million in digital assets over the past decade. Much of that sits in a single cold wallet that is now among the most valuable globally.

In 2025, One of the Biggest AI Risks Is Not Letting Employees Use AI – Lessons from Off-Channel Communications

Let’s Not Do That Again

Gen AI tools are booming in popularity because they offer significant employee efficiency and productivity benefits. While many firms have resisted adopting enterprise AI tools because of legitimate concerns, wholesale prohibitions on AI meeting tools and other GenAI applications pose similar risks as off-channel communications. For example, just as outright bans on text messaging historically resulted in unsupervised off-channel communications, prohibitions on AI meeting tools could similarly drive employees toward unapproved AI meeting tools on personal devices — and the creation of meeting summaries, transcripts, and recordings that reside beyond the reach of firm supervision. This issue will become increasingly prevalent as AI tools gain popularity and users increasingly rely on their productivity benefits. As with off-channel communications, off-channel AI meeting tool content may also raise discovery concerns.

For this reason, firms that have considerable demand for the use of AI meeting tools and other GenAI applications should consider a pragmatic approach to adoption that responds to business needs within a robust compliance and oversight framework….

Friends Accused of Trading on Data for Edgar Face Widening Probe

The FBI had to move fast when agents learned that two men who were the focus on an insider trading investigation were about to get on a flight to Hong Kong.

Before they could board the early morning June 28 flight, federal agents arrested Justin Chen, 31, and Jun Zhen, 29. Prosecutors say they pocketed at least $1 million by taking information they learned from their job at a private company that formats materials before they are submitted to the Securities and Exchange Commission’s Edgar filing system.

Pay Transparency Comes to Plaintiffs’ Firms (And Not Everyone Is Happy About It)

Remember when your law school career counselor told you that BigLaw was the only path to financial security and professional respect? Of course, that same counselor probably also said law review would be “fun” and that you’d “definitely use everything from Constitutional Law in practice.” Some advice ages about as well as an opened bottle of milk left in a hot car.

For decades, bright-eyed law school graduates were funneled into large defense firms, convinced they had no choice—that prestigious work and decent pay required soul-crushing doc review marathons or playing the role of glorified paper-pusher in depositions. They stayed because they believed it was their only shot at building a respectable career while managing crushing student debt.

But the narrative that plaintiffs’ firms can’t compete is rapidly becoming outdated.