Ongoing

Senator Elizabeth Warren Urges Regulators to Address Citibank’s Ongoing Failures: Is It Time to Break Up Citi?

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Senator Elizabeth Warren Urges Regulators to Address Citibank’s Ongoing Failures: Is It Time to Break Up Citi?

Senator Elizabeth Warren is urging the OCC to take action against Citibank for its ongoing operational failures. Warren believes that Citibank is “too-big-to-manage” and has been mismanaging regulatory requirements for years. She is calling for bold action to address these issues and possibly break up the bank. Warren’s letter highlights the need for stronger regulation … Read more

U.S. SEC Counters Ripple in Ongoing Effort to Appeal Groundbreaking XRP Ruling

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U.S. SEC Counters Ripple in Ongoing Effort to Appeal Groundbreaking XRP Ruling

Judge Torres ruled in July that Ripple violated federal securities law in its sale of XRP to institutional investors, but not to retail investors. However, Judge Jed Rakoff disagreed with this ruling in a separate case brought by the SEC. The SEC referenced this disagreement in its first memo and recent filing in an effort … Read more