OCC clarifies bank authority to engage in crypto custody
The OCC said banks are free to engage in cryptoasset custody and execution services as long as such activities are ...
Tag: Digital assets
Senate expedites vote on stablecoin bill
Senate Majority Leader John Thune (R-S.D.) will expedite a Senate vote on legislation to create a regulatory framework for payment ...
ABA, associations offer recommendations for boosting bank engagement in digital assets
ABA joined six associations to offer recommendations for lowering barriers to bank engagement with digital assets.
Fed, FDIC withdraw statements on managing risks for crypto
The Federal Reserve and FDIC rescinded two joint statements issued under the Biden administration on the risk management obligations of ...
Bessent outlines administration’s plan for easing bank regulation
The Treasury Department intends to play a greater role in bank regulation with more regulatory tailoring for community banks, which ...
FDIC’s Hill: Agency to revisit resolution planning, de novo bank formation
The FDIC will waive some requirements for large bank resolution planning and take steps to boost de novo bank formation, ...
House committee advances bills on stablecoins, de novo banks, CBDCs
The House Financial Services Committee voted to advance five banking-related bills, ranging from stablecoins to de novo bank formation. ABA ...
ABA asks CFPB to nix proposal to regulate stablecoin, credit card rewards
ABA is urging the CFPB’s current leadership to withdraw a proposed interpretive rule that would expand Electronic Fund Transfer Act ...
FDIC rescinds notification guidance for crypto activities
The FDIC rescinded earlier guidance urging banks to first contact the agency before engaging in crypto-related activities, part of a ...
Report: FDIC to remove reputational risk from bank supervision
The FDIC is drafting rulemaking to remove reputational risk from its bank supervision, several media outlets reported. The move follows ...
