The Clearing House to launch tokenized deposits system for banks
A group of the nation’s largest banks announced today that the Clearing House is launching an initiative to enable the ...
Tag: Digital assets
ABA survey: Americans strongly support prohibiting crypto companies from offering yield-like rewards for holding stablecoin
As Senate prepares to consider digital asset legislation, a national survey shows Americans support rules that protect the bank deposits ...
ABA seeks changes to proposed approval process for state stablecoin regulation
ABA offered several recommendations to improve a proposed rule governing what factors the Treasury Department will use to evaluate rules ...
ABA, associations urge regulators to fully account for stablecoin risks in annual report
Saying they are deeply concerned about the risk stablecoin payment issuers pose to the overall financial system, ABA and three ...
FDIC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers
The FDIC proposed a new rule to establish Bank Secrecy Act and sanctions compliance standards for stablecoin issuers regulated by ...
Fed releases formal proposal to create ‘skinny’ master accounts
After previously seeking public input on the idea, the Federal Reserve issued a formal proposal for establishing payment accounts and ...
OCC’s Gould defends agency actions on federal exemption, charter approvals
As more states weigh laws to restrict interchange fees, the OCC will continue to defend federal preemption in courtrooms "as ...
ABA: Clarity Act needs further refinement
As Congress considers legislation to create a regulatory framework for digital assets, there remain areas of the bill that could ...
Largest Bitcoin kiosk operator files for bankruptcy
The largest operator of Bitcoin kiosks in the U.S. is shutting down amid increased regulatory scrutiny of the role of ...
ABA, associations comment on proposed FDIC stablecoin issuer application process
ABA and four associations offered several recommendations for proposed FDIC rulemaking to establish a process by which subsidiaries of institutions ...
