Fed’s Waller: ‘Skinny’ master account would only be available to banks
Federal Reserve Governor Christopher Waller sought to clear up confusion about his proposal for the creation of a “skinny” master ...
Tag: Digital assets
ABA, associations share recommendations for implementing Genius Act
As the Treasury Department crafts regulations to implement the Genius Act, it should seek to preserve the benefits of payment ...
Bowman: Regulation preventing banks from engaging in economic innovations
The economy has changed significantly since the 2008 financial crisis, but regulation is holding back banks from fully engaging with ...
ABA, state associations: Uphold Genius Act prohibition on stablecoin interest payments
ABA and 52 state bankers associations urged the Treasury Department to uphold the Genius Act’s prohibition on stablecoin issuers paying ...
Appeals court upholds Fed decision to deny crypto firm master account
A federal appeals court ruled that the Federal Reserve is not obligated to grant a master account to a cryptocurrency ...
Lawmakers, policymakers express concern about interest-bearing stablecoins
Several policymakers raised concerns with media outlets in recent days about a loophole in the Genius Act that allows stablecoin ...
BofA’s Moynihan explores outlook for digital assets
Brian Moynihan said it was incumbent on large banks to build the infrastructure, working through industry utilities, to ensure new ...
Sen. Budd calls for federal preemption of AI regulation
As banks expand their deployment of artificial intelligence tools, Sen. Ted Budd (R-N.C.) called for federal regulation to preempt state ...
ABA: Same BSA regulations should apply to banks, digital assets
More work is needed to provide the regulatory certainty required to realize the promise of stablecoins and other digital assets, ...
Fed’s Barr: Regulation needed to fill ‘gaps’ in stablecoin law
A new law establishing a regulatory framework for stablecoins has “gaps” that could pose risks to financial stability and consumer ...
