The US FDIC proposes a rule to establish a regulatory framework for stablecoin issuers, including requirements involving reserve assets, after the GENIUS Act
Quick Take — The FDIC voted to propose a rule that would set forth standards for stablecoin issuers, including requirements involving reserve assets.
The US Senate confirms FDIC acting chairman Travis Hill to lead the agency, which regulates stablecoin issuers and impacts how the crypto industry is banked
In a package of confirmations, the U.S. Senate approved Mike Selig to lead the CFTC and Travis Hill to run the FDIC, both with major potential reach into crypto.
The US Federal Reserve withdraws guidance requiring banks to seek regulatory approval before engaging in crypto-related activities, joining the FDIC and OCC
Michael Saylor crypto.news : Federal Reserve withdraws restrictive crypto guidance for banks Troy Watson / ZyCrypto : Federal Reserve Reverses Debanking Policies, Banks May No Longer Need Approval to ...
The US FDIC says banks can engage in cryptocurrency and other legally permitted activities without prior regulatory approval if they manage risks appropriately
Basically the crypto version of the housing crisis. @opinionatedogre : Because greedy banks are historically known for self-restraint and managing risks appropriately... Holy shit, the next Wall St. ...
The CFPB warns users of payment apps like PayPal, Venmo, Cash App, and Apple Cash that their money could be at risk as FDIC insurance does not cover the apps
New York CNN — — Payment apps like PayPal and Venmo might be convenient, but they're not banks — and a federal financial services watchdog …
The CFPB warns users of payment apps like PayPal, Venmo, Cash App, and Apple Cash that their money could be at risk as FDIC insurance does not cover the apps
New York CNN — — Payment apps like PayPal and Venmo might be convenient, but they're not banks — and a federal financial services watchdog …
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
California regulators close Silicon Valley Bank and appoint the FDIC as receiver to protect insured deposits
This is breaking news. Please check back for updates.
The US Federal Reserve, FDIC, and OCC warn banks that issuing or holding crypto “is highly likely to be inconsistent with safe and sound banking practices”
Regulators say holding cryptocurrencies is likely inconsistent with safe banking practices — Crypto's Crash Has Been Swift but Largely Self-Contained.