A Russian national pleaded guilty to a money laundering conspiracy related to his role in operating one of the world’s largest virtual currency exchanges from 2011 to 2017, US prosecutors said.

The sudden shutdown of what the SEC dubbed a “sham audit mill” will force hundreds of companies, including Trump Media & Technology Group Corp., to hunt for new auditors, scour old audits for potential problems, and scramble to meet public company regulatory deadlines.

Coinbase Global Inc. Chief Financial Officer <-bsp-person state="{"_id":"0000018f-4022-d4b6-a98f-f537bdeb0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Alesia Haas defended the crypto exchange’s rising expenses and the volatility of the digital asset industry after the company’s stock fell despite reporting better-than-expected first quarter results.

A unit of crypto exchange <-bsp-bb-link state="{"bbHref":"bbg://securities/0965294D%20US%20Equity","_id":"0000018f-3df9-d4b6-a98f-fdfd35460000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Kraken is emerging as a key beneficiary of this year’s boom in spot-Bitcoin <-bsp-bb-link state="{"bbHref":"bbg://screens/BI%20ETFSG","_id":"0000018f-3df9-d4b6-a98f-fdfd35460001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">exchange-traded funds, which debuted in the US in January and rolled out in Hong Kong this week.

Latitude Legal’s Alex Su considers Big Law’s early hiring trend and says hiring with fewer data points about candidates is likely to have repercussions.

Block Inc. lifted its full-year profit guidance and revealed plans to invest a portion of its profits from Bitcoin back into the assets, as Jack Dorsey’s company bets big on the currency’s future.

Perimeter Solutions LP sued a Compass Minerals International Inc. unit for allegedly stealing its trade secrets after hiring a former executive to help create a competing aerial fire-retardant system in hopes of winning a government contract.

The sudden shutdown of what the SEC dubbed a “sham audit mill” will force hundreds of companies, including Trump Media & Technology Group Corp., to hunt for new auditors, scour old audits for potential problems, and scramble to meet public company regulatory deadlines.

The <-bsp-bb-link state="{"bbHref":"bbg://securities/4131761Z%20US%20Equity","_id":"0000018f-4035-d4b6-a98f-f53501dd0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">US Justice Department plans to decide by May 28 whether Boeing Co. violated a deal the company struck to dodge a criminal charge related to the crashes of two 737 Max airplanes, according to an email sent to attorneys for the victims’ families.

Oklahoma State Treasurer Todd Russ announced on Friday that Barclays Plc would be added to his <-bsp-bb-link state="{"bbDocId":"RU3TEST0AFB4","_id":"0000018f-4030-d4b6-a98f-f53510df0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">list of companies that he claims have boycotted the fossil fuel industry — a gesture that aims to limit the governmental business the bank can conduct in the state.

Pattern Energy Group LP will pay a historic $100 million to resolve class action litigation in two Delaware courts over a 2020 take-private buyout of a wind and solar company by Riverstone Holdings LLC and Canada’s public pension fund.

Zoom Video Communications Inc. and Salesforce Inc. made their in-house legal leaders among the companies’ top-paid executives last year.

Block Inc., the parent company of mobile payment service Cash App, failed to convince a federal judge to toss a proposed class action alleging its role in sending out referral text messages violated Washington’s anti-spam statute.

Cookie maker and bakery franchise chain Crumbl LLC shared the financial information of consumers with its payments processor Stripe Inc. without their consent in violation of the California Invasion of Privacy Act, a proposed federal class action said.

Financial Business & Consumer Solutions Inc. failed to protect the personal information of nearly two million people that was exposed in a February data breach, a proposed federal class action said.

Filing-sharing company Dropbox Inc. is the target of a proposed class action for alleged negligence and violating California consumers’ privacy after an April data breach exposed sensitive information.

Facing harsh criticism for failing to contain several major cyberattacks, Microsoft Corp. Chief Executive Officer Satya Nadella sent a blunt message to his staff Friday urging them to make cybersecurity a top priority. Microsoft also announced a series of new anti-hacking initiatives, including basing a portion of senior leaders’ compensation on meeting cybersecurity milestones.

Lobbyists see small style changes afoot after Rep. John Moolenaar (R-Mich.) took the gavel of the House Select Committee on Competition With China, a panel known for sending out bipartisan missives to the likes of Ford Motor Co. and Apple CEO Tim Cook, and taking on TikTok.

Two police department officials in Wichita, Kansas, aren’t entitled to qualified immunity from the suit of a former police officer alleging they violated his free speech rights after a series of disputes with his supervisors led to his termination, a federal appeals court said.

CT Transit, a subsidiary of Connecticut’s Department of Transportation, lost its bid Friday to avoid a trial over claims brought by bus drivers alleging they unlawfully lost pay after having allergic reactions to disinfectants used to clean buses during the Covid-19 pandemic.

The Biden administration told Iowa it will sue to block a new law that makes it a crime to reenter the state after being deported from the US, saying it is preempted by federal law, undermines foreign relations and effectively creates a second immigration system.

The top lawyer for the Pension Benefit Guaranty Corporation said she would encourage the agency to take an even more deliberate approach to explaining the rules it promulgates if the US Supreme Court weakens its Chevron doctrine in a ruling expected in the coming months.

The second week of testimony in Donald Trump’s hush-money criminal trial gave jurors first-hand accounts of negotiations for payments to two women and how the former president’s 2016 campaign reacted when news of their alleged affairs leaked out anyway.

The US Army Corps of Engineers can start a construction project in Puerto Rico’s San Juan Harbor, beating a second challenge from environmentalists who said federal agencies failed to properly assess environmental impacts, the D.C. Circuit ruled.