The SEC has decided to stop pursuing the liquidity rule lawsuit, which some view as a detrimental movement that could lead to increased economic vulnerabilities. In Texas, law school deans are working to maintain ABA accreditation, facing challenges due to indications from the state supreme court. Actions taken by the court appear to be influenced by political considerations, particularly regarding the Trump administration's grievances. These developments raise significant questions about the future of regulatory frameworks and educational standards in the legal field.
"The SEC has decided to abandon its pursuit of the liquidity rule suit, a move criticized by many who view it as a regression in financial regulation when such measures are vital to economic stability."
"In Texas, law school deans are actively campaigning to secure ABA accreditation in light of potential actions from the state supreme court that could force a dramatic change based on political pressures."
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