Hsu praises ‘quiet trustworthiness’ of banks amid crypto chaos
Amid significant volatility in the cryptocurrency markets, as well as an uptick in crypto-related frauds and scams, Acting Comptroller of ...
Tag: Cryptocurrency
Cryptocurrency concerns dominate financial regulator hearing
The collapse of cryptocurrency exchange FTX and the concerns about the unregulated nature of crypto markets dominated a Senate Banking ...
CFPB issues bulletin charting consumer cryptoasset complaints
Consumers most commonly reported being victimized by fraud, theft, account hacks and scams.
White paper: Banks have clear legal authority to issue stablecoins
Issuing digitized deposits and engaging in stablecoin-related activities fall within the existing legal authority of banks, according to a white ...
ABA: Regulatory clarity can reduce illicit finance risks in digital assets
The illicit finance risks posed by digital assets can be most effectively managed by regulating nonbank cryptocurrency companies while allowing ...
Survey finds mixed public attitudes on cryptocurrency regulation
Only two in five people see the U.S. lagging behind other countries in creating a regulatory environment that makes it ...
FDIC’s Gruenberg: Payment stablecoin could offer cost-effective, real-time benefits
Any such payment system should be designed to “complement” the Federal Reserve’s soon-to-be-released FedNow system, Gruenberg said.
Fed’s Barr: Regulators look to balance fintech’s potential, innovation with appropriate regulation
Banks must understand the heightened liquidity risks they face from certain types of deposits from cryptoasset companies.
OCC’s Hsu: Crypto regs need ‘strong guardrails and gates’
Regulatory bodies should resist lowering standards for crypto, Hsu said, adding that regulators have to “learn and smartly adapt.”
FSOC urges lawmakers to develop ‘comprehensive’ stablecoin regulatory regime
A new report from the Financial Stability Oversight Council today warned of the dangers that cryptocurrencies and other digital assets ...
