FDIC requested banks ‘pause’ crypto activities
According to Coinbase chief legal officer Paul Grewal, the letters showed that a US government debanking effort “wasn’t simply some crypto conspiracy theory.”
In a FOIA action against…
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FDIC
Martin Gruenberg will leave FDIC chair on Jan. 19
Representative Tom Emmer has criticized Martin Gruenberg for his role in Operation Chokepoint 2.0, and he is about to resign as the chief of the Federal Deposit Insurance Corporation…
The FDIC has revised its regulations and official signs to combat misrepresentations
Protecting investors against crypto deception, the FDIC takes action. Requirements for signage at FDIC-insured banks will be revised in 2025.
This is the first major modification to the…
Cross River accused by the FDIC of engaging in “unsafe” lending practices
Cross River Bank has yet to affirm or refute the allegations that it "engaged in unsafe or unsound banking practises" in 2021 in relation to its lending activity.
The Federal Deposit…
US legislator accuses FDIC of using financial instability to undermine cryptocurrency
The failure of Signature Bank, Silicon Valley Bank, and Silvergate Bank has stunned many in the industry, but is the U.S. government attempting to "shut off digital assets"?
Tom Emmer,…
Congress rejects Treasury’s proposed stablecoin regime at today’s House session
If today's hearing before Congress is any indicator, the US Treasury Department's proposal for a new stablecoin legislation is doomed.
On February 8, the House Financial Services…
A consortium of US banks is exploring the possibility of launching a bank-issued stablecoin
The FDIC-insured financial institutions organisation formed Wednesday with the objective of establishing a network of banks to accelerate the adoption and interoperability of a bank-minted…
Banking authorities in the United States are creating standards for institutional involvement in…
The Securities and Exchange Commission (SEC) of the United States has stayed mostly silent on cryptocurrency regulation so far. However, the country's financial authorities are allegedly…
US Regulators Investigate Allowing Banks To Hold Bitcoin
According to Reuters, Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams states that authorities in that nation are examining a "clear way" for banks and customers to hold…
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