Senate Banking Committee Chair Sherrod Brown (D-OH) and Senators Elizabeth Warren (D-MA), Jack Reed (D-RI) and John Fetterman (D-PA) urged the Federal Reserve Board to review its approach to bank merger policies to better assess their impact on financial stability and avoid repeating mistakes that led to recent bank failures.

On August 2, 2023, representatives from Fried Frank, DLx Law and Morrison Cohen hosted a complimentary webinar to address the legal impact of the recent Ripple decision and its impact for the digital asset industry (see related news). The webinar is now available to view on demand.

The SEC set a comment deadline of October 10, 2023 for a proposed rulemaking that would require broker-dealers and investment advisers to eliminate conflicts of interest associated with the use of predicative data analytic technologies.

GAO urged the FDIC, the OCC and the SEC to implement fully previous recommendations on blockchain technology-related risks and take joint action to coordinate related information and processes.

The SEC and the CFTC ordered significant civil monetary penalties for recordkeeping violations in connection with unauthorized off-channel communication methods.