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Tennessee ends Wells Fargo investigation after bank drops net-zero emissions target
Tennessee's attorney general has concluded an investigation into Wells Fargo after the bank abandoned its net-zero emissions targets. The probe, involving multiple states, questioned whether Wells Fargo and other major banks violated antitrust laws by adopting such policies. Attorney General Jonathan Skrmetti praised Wells Fargo's decision to prioritize consumer interests over climate initiatives, while indicating that the investigation into other banks will continue.
judge blocks enforcement of foreign ownership laws against arkansas crypto mine
A federal judge has issued a preliminary injunction preventing Arkansas from enforcing laws against Jones Eagle, a cryptocurrency mine under investigation for foreign ownership concerns. The ruling comes amid scrutiny of the business, controlled by Qimin “Jimmy” Chen, a naturalized American citizen from China, following the enactment of laws restricting foreign ownership of land linked to certain countries. The judge's decision halts state actions while further proceedings are anticipated.
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