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4.27.26
SEC and CFTC Propose to Scale Back Form PF Reporting Requirements
On April 20, 2026, the Securities and Exchange Commission (SEC) and U.S. Commodity Futures Trading Commission (CFTC) jointly proposed amendments to Form PF that would significantly reduce reporting obligations for many private fund advisers while seeking to preserve regulators’ ability to monitor risk in the private fund space.
Client Highlights
4.14.26
Wilson Sonsini Advises Atlas on $40 Million Series C
On April 14, 2026, Atlas, a first-of-its-kind, members-only concierge service and charge card focused on delivering access to coveted experiences through a seamless spending experience, announced its $40 million funding round, with a total valuation of $420 million. The funding round was led by solo venture capitalist Elad Gil and Verified Capital and included 01 Advisors, Marathon Management Partners, and others. Wilson Sonsini Goodrich & Rosati advised Atlas on the transaction.
Client Highlights
4.03.26
Wilson Sonsini Advises Latitude on $8 Million Financing
On March 31, 2026, Latitude, a cross-border payments company, emerged from stealth and announced an $8 million financing round led by NEA, with participation from Lightspeed Faction, Coinbase, Paxos, and Solana Foundation, among other investors. Latitude’s flagship product, Global Fiat Payouts, enables U.S. businesses to pay recipients in more than 50 countries by converting dollars to stablecoins and then into local fiat currency. Its second product, International Stablecoin On-and-Off-Ramps, is embeddable directly into wallets and fintechs, and gives users a single API to move between local fiat and stablecoins across multiple markets.
Client Highlights
3.24.26
Wilson Sonsini Advises Spade on $40 Million Series B
On March 24, 2026, Spade, the data and AI platform transforming how financial institutions use transaction data, announced $40 million in Series B funding. The round was led by Oak HC/FT, with participation by Andreessen Horowitz, Flourish, Gradient, NAventures, National Bank of Canada’s corporate venture arm, and Y Combinator. Wilson Sonsini Goodrich & Rosati advised Spade on the transaction.
Client Highlights
3.18.26
Firm Advises Mastercard on Data, Privacy, and Cyber Aspects of BVNK Acquisition
On March 17, 2026, Mastercard announced a definitive agreement to acquire BVNK, a leader in stablecoin infrastructure, for up to $1.8 billion, including $300 million in contingent payments. The deal further expands Mastercard's end-to-end support of digital assets and value movement across currencies, rails, and regions. Wilson Sonsini Goodrich & Rosati advised Mastercard on data, privacy, and cyber issues related to the transaction.
Newsletters
1.29.26
All Eyes on AI: Regulatory, Litigation, and Transactional Developments - Q3/Q4 2025
Wilson Sonsini’s All Eyes on AI: Regulatory, Litigation, and Transactional Developments closely follows the evolving regulatory landscape for artificial intelligence (AI) in the U.S., new EU regulations for AI, international developments, litigation, recent deals highlights, firm publications, and other AI and machine learning highlights. This latest Q3/Q4 2025 edition features:
Client Highlights
1.23.26
Wilson Sonsini Advises Brex on $5.15 Billion Acquisition by Capital One
On January 22, 2026, Capital One announced that it has entered into a definitive agreement to acquire Brex, in a combination of stock and cash transaction valued at $5.15 billion. Brex is a modern, AI-native software platform offering intelligent finance solutions that make it easy for businesses to issue corporate cards, automate expense management, and make secure, real-time payments. The transaction is expected to close in the middle of 2026, subject to customary closing conditions. Wilson Sonsini Goodrich & Rosati advised Brex on the transaction.
Alerts
1.22.26
2026 Antitrust Year in Preview
Last year was a landmark in the development of antitrust law. Enforcers, legislators, and private parties grappled with the fundamental shift represented by artificial intelligence (AI) technologies, the resolution of important digital technology antitrust cases, and significant divergence in policy across a presidential administration transition. The changes will not stop in 2026. In this preview, we focus on several economic sectors that were most impacted by developments in antitrust law in 2025 to identify the trends that will drive governmental and private activity in antitrust in 2026.
Client Highlights
1.21.26
Wilson Sonsini Advises Meld on $7 Million Strategic Round
On January 14, 2026, Meld, a network for accessing digital assets and stablecoins, announced the close of a $7 million strategic funding round led by Lightspeed Faction, with participation from F-Prime, Yolo Investments, and Scytale Digital. Wilson Sonsini Goordrich & Rosati advised Meld on the transaction.
Client Highlights
1.14.26
Wilson Sonsini Advises Polygon Labs on Acquisitions of Coinme and Sequence
On January 13, 2026, Polygon Labs announced definitive agreements to acquire Coinme and Sequence for more than $250 million to expand into regulated stablecoin payments in the U.S. Both companies will play foundational roles in building Polygon's forthcoming Open Money Stack, which aims to facilitate instant and reliable money movement. The Polygon Open Money Stack includes physical cash and digital fiat on- and off-ramps, wallet infrastructure, and cross-chain orchestration through intents. Wilson Sonsini Goodrich & Rosati is advising Polygon on both transactions.
Client Highlights
1.07.26
Wilson Sonsini Advises OneStream on Acquisition by Hg
On January 6, 2026, OneStream, the leading enterprise finance management platform, announced that it has entered into a definitive agreement to be acquired by Hg, a leading investor in software, services, and data businesses. The all-cash transaction values OneStream at approximately $6.4 billion in equity value. Wilson Sonsini Goodrich & Rosati advised OneStream on this transaction in a continuation of its long-standing advisory relationship with the company, including leading OneStream’s Up-C IPO in July 2024.
Alerts
1.06.26
Federal Reserve’s “Payment Accounts” Proposal: A Term Sheet for Industry Input
The Federal Reserve Board is requesting public input on a prototype for a special purpose Federal Reserve Bank account (a “Payment Account”) that eligible institutions could use to clear and settle their own payments directly. Interestingly, the Federal Reserve Board’s Payments Account proposal is structured as a term sheet, serving as a preliminary framework. This presents a critical window for industry stakeholders to influence the proposed Payment Account’s design, operational parameters, and potential use cases.