DOJ Appoints London-based Firm as Binance Monitorship Over Sullivan & Cromwell
Friday, 10 May 2024, 19:11
DOJ Snubs Sullivan & Cromwell in Favor of Competitor
The Department of Justice (DOJ) has opted for a London-based consulting firm to monitor Binance over the prestigious Sullivan & Cromwell, as reported by Bloomberg.
Key Points:
- Decision Impact: The DOJ's move signifies a notable change in the selection process for monitorships within the financial industry.
- Industry Observers: This decision has drawn attention from legal and consulting professionals for its implications on future oversight appointments.
- Competitive Landscape: The choice of a competitor over a reputed legal firm signals a shift in the competitive dynamics of monitorship selections.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.