The Federal Deposit Insurance Corporation (FDIC) issued new guidance on March 28 clarifying that FDIC-supervised banks may engage in crypto-related activities without …
FDIC
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Markets
FDIC Reverses U.S. Crypto Banking Policy That Demanded Prior Approvals
by shayaanby shayaanThe Federal Deposit Insurance Corp. will no longer instruct banks to get prior sign-off before they engage in crypto activities — a …
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Regulation
FDIC ends use of reputational risk criteria, Crypto Czar calls it ‘a big win’
by shayaanby shayaanThe Senate Banking Committee announced on March 25 that the Federal Deposit Insurance Corporation (FDIC) will eliminate reputational risk as a component …
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Regulation
FDIC Still Resisting Transparency Into Operation Choke Point 2.0, Says Coinbase Chief Legal Officer Paul Grewal
by shayaanby shayaanThe U.S. Federal Deposit Insurance Corporation (FDIC) continues to “resist” transparency efforts regarding alleged past attempts to quash the crypto sector, according …
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Regulation
House Oversight Committee Requests Unredacted Letters From FDIC To Probe Alleged Suppression of Crypto Industry
by shayaanby shayaanThe House Committee on Oversight and Government Reform wants access to unredacted documents from the Federal Deposit Insurance Corporation (FDIC) to investigate …
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The House Oversight Committee is investigating whether the FDIC’s delayed crypto oversight and banking restrictions were driven by political motives or unlawful …
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Anchorage Digital CEO Nathan McCauley took the stand earlier this month at a Senate hearing with one message—his crypto bank was cut …
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Finance
BlackRock and FDIC in talks over bank stakes compliance amid growing crypto influence
by shayaanby shayaanBlackRock, Inc., an American multinational investment company, and the Federal Deposit Insurance Corp. (FDIC) are addressing a dispute over the asset manager’s …
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According to the report, the Federal Deposit Insurance Corporation (FDIC) is preparing to revise its guidelines to enable banks to operate crypto-related …
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Regulation
FDIC to update crypto banking guidelines, releases documents on pause letters
by shayaanby shayaanThe Federal Deposit Insurance Corporation (FDIC) is preparing to revise its guidelines for banks engaging in crypto-related activities, Barrons reported on Feb. …