U.S. Banks Form Consortium to Support Bank-Minted Stablecoin
Five FDIC-insured banks today announced the launch of the USDF Consortium, a group that was formed with the goal of ...
Tag: Cryptocurrency
Podcast: From Crypto to Online Romance, How Money Mule Tactics Are Evolving
With the pandemic and other factors triggering growth in — and new dimensions of — “money mule” scams, how what ...
ABA Statement on Stablecoins Emphasizes Need for Consumer Protection
Customers accessing digital-asset markets, including stablecoins, are best served when they can do so through fully regulated banks, ABA tells ...
ABA Calls for Consistent Regulation as Crypto CEOs Visit Capitol Hill
Ahead of a House Financial Services Committee hearing on digital assets today—at which the heads of several cryptocurrency firms will ...
OCC Interpretive Letter Addresses Crypto Activities, Chartering of Trust Banks
In an interpretive letter issued today, the OCC confirmed that national banks and federal savings associations may engage in certain ...
Regulators Planning Crypto Guidance for Banks
Banks can expect additional guidance from regulators over the next year clarifying the types of crypto-related activities they may be ...
Fed’s Waller Pushes Back on Stablecoin Report Recommendations
Challenging a recent report from the President’s Working Group on Financial Markets, Federal Reserve Governor Christopher Waller said at a ...
OCC’s Hsu Previews Forthcoming Crypto Announcements
Bank regulators are “approaching crypto activities very carefully and with a high degree of caution,” Acting Comptroller of the Currency ...
Hsu: ‘Synthetic Banking Providers’ Should Adhere to Bank Regulations
Acting Comptroller of the Currency Michael Hsu today warned that the “rebundling of banking services by fintechs and the fragmented ...
Working Group Report: Stablecoins Should be Issued Only by Insured Depository Institutions
In a highly anticipated report today, President Biden’s Working Group on Financial Markets—in conjunction with the FDIC and the OCC—examined ...
