The Fed’s blatant attempt to de-bank crypto companies is illegal
A recent Fed rule “is the most extreme example of banking regulators’ discriminatory and illegal attempts to shut crypto out of the banking system,” writes Marisa...
Tagged: Politics and politics
This is crypto’s moment of truth. We must choose utility over speculation. | Payment source
“Congress can elevate the crypto industry and strengthen US strategic interests by advancing legislation on payment stablecoins, America’s response to competing electronic money and digital asset...
Barr says the Fed has the tools to deal with crypto risk
Federal Reserve Deputy Chairman for Supervision Michael Barr says managing crypto risk for banks is already well within the capabilities of bank regulators. Ting Shen/Bloomberg The...
All eyes are on Fed VCS Barr to specify the way forward on crypto regulations
The Federal Reserve’s top regulator is set to deliver his first speech on cryptocurrency oversight this week. Fed Deputy Chairman for Supervision Michael Barr will provide...
The revived Lummis-Gillibrand crypto bill will not touch the Fed’s main accounts
WASHINGTON — Sen. Cynthia Lummis, R-Wyo., said she and Sen. Kirsten Gillibrand, D-N.Y., aim to reinstate their the crypto regulation bill in mid-April, and a spokesman...
‘Backdoor ban’ against crypto banking? Regulatory statements raise concerns.
Federal regulators say banks are free to serve crypto firms, but some in the industry question how feasible that will be in light of recent guidance....
Feds Waller: Innovations in the crypto sector should not be stifled
Federal Reserve Board Chairman Christopher Waller is no fan of cryptocurrency, but he believes the underlying technology may have value.Bloomberg Federal Reserve Board Governor Christopher Waller...
Treasury advises banking regulators to finalize guidance on bank-fintech relationships
WASHINGTON – The Treasury Department, in a new report on financial technology, urged bank regulators to finalize guidance related to how banks manage third-party risk with...
House Republicans press OCC’s Hsu on bank-fintech partnership
WASHINGTON – A group of Republicans led by House Financial Services Committee Ranking Member Patrick McHenry, RN.C., wrote a letter to Acting Comptroller of the Currency...
House Republicans press OCC’s Hsu on bank-fintech partnership
WASHINGTON – A group of Republicans led by House Financial Services Committee Ranking Member Patrick McHenry, RN.C., wrote a letter to Acting Comptroller of the Currency...