The financial oversight agency is taking a larger interest in cryptocurrency The FDIC is preparing to take a more defined role in US crypto policy, with Acting Chair Travis Hill confirming that the agency is developing guidance for tokenized deposit insurance and a regulatory pathway for stablecoin issuers. Speaking at the Federal Reserve Bank of
The US continues to shift its stance on the regulator guidance of digital assets The regulatory landscape for cryptocurrency in the US is shifting, with two major agencies easing restrictions on digital asset-related activities. The Federal Deposit Insurance Corporation (FDIC) and the Commodity Futures Trading Commission (CFTC) have both taken steps to allow financial institutions
The cryptocurrency exchange is facing an uphill battle against the protected agency History Associates has united with cryptocurrency exchange Coinbase in a lawsuit against the US Federal Deposit Insurance Corporation (FDIC). They hope their combined efforts can force the agency to comply with a Freedom of Information Act (FOIA) request and release certain financial records.
The FDIC’s inspector general wants the agency to step into crypto regulations An evaluation report on the Federal Deposit Insurance Corporation’s (FDIC) cryptocurrency asset risk strategy was published by the United States Office of the Inspector General, with a redacted version recently made public. The OIG said that a “bottom-up” strategy to crypto risk was
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