Republican lawmakers urge SEC to rescind crypto accounting restrictions on banks
More than 40 House and Senate Republicans urged SEC Chair Gary Gensler to rescind a staff accounting bulletin that changed ...
Tag: Digital assets
SEC official outlines possible exception for crypto accounting restrictions on banks
An SEC official outlined a scenario in which a bank would not be bound by the restrictions of the SEC’s ...
Basel Committee: Permissionless blockchains pose ‘novel’ risk challenges for banks
Banks that engage in digital asset transactions face risks that may require new approaches to risk management, according to a ...
Proposals in state legislatures target digital assets, CBDCs
At least 35 states have taken up proposed bills on cryptocurrency and other digital assets in 2024, with several states ...
ABA, associations: Uphold congressional vote to overturn SEC treatment of crypto custody assets
ABA and three financial sector associations expressed support for a House attempt to overturn President Biden’s veto of a resolution ...
ABA urges technology-neutral regulation of tokenization
Regulations governing tokenization should be risk based and technology neutral, and they should allow banks to use distributed ledger technology ...
Treasury Department: NFTs at high risk for fraud and scams
Non-fungible tokens are highly susceptible to use in fraud and scams, and the digital assets can be stolen from victims, ...
House passes bill to prevent Fed from issuing a CBDC
The House voted 216-192 in favor of a bill to prohibit the Federal Reserve from issuing a central bank digital ...
Fed survey: Unbanked status continues to vary among income, ethnic groups
While 94% of U.S. adults have a bank account, notable differences remain among different income and ethnic groups, the Federal ...
Congress votes to overturn SEC treatment of crypto custody assets
The Senate voted 60-38 in favor of a House resolution to overturn a SEC staff accounting bulletin that changes the ...
