Watchdog agency criticizes FDIC approach to crypto supervision
The FDIC’s lack of clear guidance for digital assets creates uncertainty for financial institutions in determining the appropriate actions to ...
Tag: Cryptocurrency
Treasury Department, IRS propose digital asset regulations
The Treasury Department and IRS released proposed regulations on the sale and exchange of digital assets by brokers as part of ...
Fed announces new supervisory program for crypto, nonbank partnerships
The Federal Reserve announced that the banks it supervises must first receive a written notification of supervisory nonobjection from the ...
Stablecoin bill moves forward in House
The House Financial Services Committee voted to advance out of committee legislation introduced by Chairman Patrick McHenry (R-NC) that would ...
ABA, associations: Regulate stablecoins like banks, credit unions
State-licensed payment stablecoin issuers should be subject to at least the same form of supervision from a federal regulator as ...
Financial Stability Board calls for greater oversight of crypto, stablecoin
The Financial Stability Board today called for stricter regulation and supervision of cryptoasset activities, saying that recent turmoil in crypto ...
SEC custody rule would harm retail investors – but it’s not too late to change course
The SEC custody rule would harm retail investors, but it’s not too late to change course.
ABA: Proposed cryptoasset reporting standards mostly positive
ABA said it was generally pleased with a proposal by the Financial Accounting Standards Board to revise accounting standards to ...
ABA: Stablecoin issuers need to be regulated like banks
Stablecoin issuance is a monetary exercise comparable to what regulated banks do and should be supervised accordingly to ensure financial ...
ABA: Draft stablecoin regulatory framework needs further tuning
Proposed legislation to establish a federal regulatory framework for stablecoins has merits but also contains several significant flaws, particularly in ...
