PayPal Holdings Inc. defeated some claims Friday in a lawsuit alleging it unlawfully excludes Asian Americans and others from a multi-million-dollar program that invests in Black and Latinx-led emerging venture-capital funds.

The Commodity Futures Trading Commission sued a cryptocurrency investment firm and its founder, alleging they ran a fraudulent Ponzi-like scheme that promised daily returns up to 3.5% while violating federal commodity trading laws.

Former FTX and Alameda Research executives Caroline Ellison, Gary Wang, and Nishad Singh will be barred from officer and director roles under the terms of settlement agreements the SEC presented to a federal court Friday.

The Federal Reserve proposed a new payment account on Friday, amid a push from crypto and fintech firms for access to the central bank’s payment rails.

Vera Therapeutics investors have voluntarily dismissed a derivative suit on behalf of the biotech company alleging a venture capital fund with a seat on the board engaged in stock trading within a short period.

One of FAT Brands Inc.’s shareholders is suing the restaurant-chain owner for allegedly hiding the true extent of its debt amid a darkening financial outlook that saw its stock hit a multiyear low this week.