FDIC’s Hill: Agency to revisit resolution planning, de novo bank formation
The FDIC will waive some requirements for large bank resolution planning and take steps to boost de novo bank formation, ...
Tag: Cryptocurrency
FDIC rescinds notification guidance for crypto activities
The FDIC rescinded earlier guidance urging banks to first contact the agency before engaging in crypto-related activities, part of a ...
Report: FDIC to remove reputational risk from bank supervision
The FDIC is drafting rulemaking to remove reputational risk from its bank supervision, several media outlets reported. The move follows ...
A crypto-friendly Trump administration could reopen crypto to banks
The OCC’s interpretative letters, renounced under Biden, already provide wide latitude
Podcast: What’s next for stablecoin policy and tech
Legislators and regulators are strongly focused on policy related to payment stablecoins, most recently with the passage of the Genius ...
Senate Banking Committee advances stablecoin bill
The Senate Banking Committee voted 18-6 in favor of a bill that would create a regulatory framework for payment stablecoins, ...
ABA outlines three principles to guide stablecoin regulation
In comments to lawmakers, ABA offered three principles to guide the establishment of a regulatory framework for payment stablecoins.
OCC withdraws policy on bank engagement with cryptocurrency
The OCC published an interpretive letter rescinding the agency’s policy on bank engagement with cryptocurrency “to reaffirm that a range ...
Iowa targets crypto ATMs for role in alleged scams
Iowa Attorney General Brenna Bird announced lawsuits against two cryptocurrency ATM operators over alleged failures that allowed Iowans to transfer ...
Barr: Fed not discouraging banks from crypto engagement
The Federal Reserve does not prohibit nor discourage banks from providing banking services to any legal business, including cryptocurrency, Federal ...
