Washington’s crypto problem isn’t a lack of rules. It’s a lack of coordination. The U.S. Government Accountability Office is pressing the FDIC to get its act together with other federal regulators on blockchain and crypto-related financial risks, warning that the government still does not have a durable oversight system just as stablecoin regulation becomes a […]
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FDIC proposes anti-money laundering rules for bank-affiliated stablecoin issuers The FDIC is moving to tighten anti-money laundering rules for bank-affiliated stablecoin issuers, putting fresh pressure on one of crypto’s most useful — and most politically sensitive — payment tools. FDIC stablecoin rules are being proposed Bank-linked issuers face tougher AML compliance Stablecoin regulation keeps colliding […]
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The FDIC is tightening the screws on stablecoin issuers, proposing anti-money laundering and sanctions rules that would pull regulated issuers squarely into the banking compliance machine. For more context, the push is laid out in Stablecoin Regulation: FDIC Announces New Proposed AML Rules For Issuers. FDIC proposes AML and sanctions rules for supervised stablecoin issuers […]
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FDIC Unleashes 144-Question Overhaul for Stablecoin Regulation The Federal Deposit Insurance Corporation (FDIC) has fired off a bold proposal to regulate stablecoin issuers under its jurisdiction, dropping a hefty 144 questions for public input during a 60-day comment period. Tied to the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law […]
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FDIC’s 191-Page Stablecoin Regulation: No Insurance for Crypto Holders The Federal Deposit Insurance Corporation (FDIC) has fired a major shot across the bow of the stablecoin industry, voting to release a sprawling 191-page proposed rule under the GENIUS Act. Targeting a $316 billion market, this framework imposes rigid standards on “permitted payment stablecoin issuers” while […]
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Lawmakers Blast Fed on Crypto Stance as FDIC Sets Stage for Stablecoin Rules A fiery clash in a recent U.S. congressional oversight hearing has put the Federal Reserve under the spotlight for its murky stance on digital assets, while the Federal Deposit Insurance Corporation (FDIC) prepares to roll out a game-changing national framework for stablecoin […]
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FDIC’s Travis Hill Lays Out Stablecoin Regulation Under GENIUS Act: A Game-Changer or Overreach? Stablecoins, the crypto world’s attempt at a stable bridge between chaotic markets and real-world utility, are on the cusp of a regulatory reckoning. On December 2, Travis Hill, acting Chairman of the FDIC Board of Directors, fired the starting gun by […]
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Trump Nominates Travis Hill as FDIC Chair: A Pro-Crypto Shift for U.S. Banking? President Donald Trump has ignited a firestorm in the financial sector by nominating Travis Hill, the acting chair of the Federal Deposit Insurance Corporation (FDIC), to officially lead the agency for a five-year term. With Hill’s outspoken support for crypto-friendly banking policies […]
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Coinbase vs. FDIC: Crypto Transparency Fight Takes a Brutal Turn Coinbase, the heavyweight crypto exchange, is locked in a no-holds-barred legal brawl with the Federal Deposit Insurance Corporation (FDIC), accusing the agency of burying evidence of a shadowy campaign to choke crypto out of the banking system. Through a Freedom of Information Act (FOIA) lawsuit, […]
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Bank of America Ordered to Pay Over $540 Million in Deposit Insurance Fees Bank of America (BofA), one of the largest financial institutions in the U.S., has been ordered by a US district judge to pay over $540 million for underpaying deposit insurance fees. This ruling comes after a lawsuit filed by the Federal Deposit […]
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