Treasury Department seeks feedback on stablecoins, illicit activities
The Treasury Department issued a request for comment on stablecoin implementation, particularly on tools or strategies that financial institutions can ...
Tag: Cryptocurrency
Fed to end separate supervision program for crypto, fintech activities
The Federal Reserve will sunset a program started in 2023 to supervise bank activities related to cryptocurrencies and financial technology ...
ABA, associations: Fintech groups misrepresent permissioned data sharing
Banks don’t charge consumers fees to access their data, and because of banks’ innovation and investments in secure systems, consumers ...
ABA, state bankers associations seek to close loopholes in stablecoin law
ABA and 52 state bankers associations yesterday urged lawmakers to use upcoming market structure legislation to close several legal loopholes ...
Labor Department rescinds guidance on alternative assets in 401(k) plans
The Labor Department rescinded a 2021 supplemental statement that discouraged fiduciaries from considering alternative assets in 401(k) retirement plan investment ...
ABA, associations: Close payment of interest loophole for stablecoins
ABA joined four associations in urging lawmakers to close a legal loophole that may allow for the payment of interest ...
Trump directs banking agencies to investigate, fix rules that contribute to debanking
Executive order directs federal agencies to investigate whether financial institutions denied services to customers because of their political beliefs or ...
Trump directs agencies to explore opening 401(k) plans to crypto, alternative assets
President Trump issued an executive order directing Secretary of Labor Lori Chavez-DeRemer to explore allowing the use of cryptocurrency and ...
FinCEN issues list of red flags for possible crypto ATM scams
FinCEN issued a notice urging financial institutions to be vigilant in identifying and reporting suspicious activity involving convertible virtual currency ...
White House task force releases recommendations for crypto policy
A White House task force released a report on strategies to strengthen U.S. leadership in digital assets, including policy recommendations ...
