ABA points to role of regulators in discouraging bank engagement in digital assets
In a letter to senators, ABA highlighted recent FDIC documentation showing that regulators discouraged banks from fully engaging with digital ...
Tag: Cryptocurrency
House lawmakers offer recommendations to FDIC on digital asset regulation
Republican lawmakers on the House Financial Services Committee offered five recommendations to the FDIC on how to “clarify” digital asset ...
Fed’s Barr urges banking regulators to keep pushing for reforms
In one of his final speeches as vice chairman for supervision, Federal Reserve Governor Michael Barr pushed back against criticisms ...
ABA, associations offer recommendations for expanding bank engagement with digital assets
ABA joined the Bank Policy Institute and four other financial sector associations in voicing support for an initiative by President ...
ABA urges ‘same risk, same regulation’ for digital assets
Lawmakers should apply the principle of “same activity, same risk, same regulation” and ensure the resulting ecosystem operates with safeguards ...
House lawmakers propose regulatory framework for stablecoins
The House Financial Services Committee released a discussion draft of a proposed bill to establish a regulatory framework for stablecoins, ...
Senators examine role of regulation in ‘debanking’
Republicans on the Senate Banking Committee blasted regulators for allegedly pressuring banks to cut off services to certain customers while ...
Senators introduce bill to create stablecoin regulatory framework
The Guiding and Establishing National Innovation for U.S. Stablecoins Act would establish procedures for institutions seeking licenses to issue stablecoins.
FDIC releases documents on crypto supervision of banks
FDIC Acting Chairman Travis Hill said documents show the agency sent signals to banks that it would be extraordinarily difficult ...
SEC repeals controversial crypto accounting rules for banks
The SEC issued a staff accounting bulletin reversing a previous bulletin that changed how banks and other publicly traded entities ...
