FDIC

Highlights: Pierre Rochard warned U.S. regulators that unclear Basel rules could leave Bitcoin banking in dangerous uncertainty. He said banks may avoid Bitcoin services if regulators do not clearly explain capital treatment. Rochard urged regulators to address Bitcoin directly before […]

Highlights: FDIC is planning rules to block stablecoin deposit insurance under the GENIUS Act. Stablecoin holders will not receive the $250,000 protection given to bank deposits. Regulators are seeking public comments as banks warn stablecoins could pull money from deposits. […]

Highlights: FDIC has settled the FOIA case and agreed to release crypto pause letters after a prolonged court dispute. A federal court ruled the FDIC wrongly withheld records without reviewing them individually. The disclosed letters renewed scrutiny over how banks […]

Highlights: FDIC has set a clear path for banks to apply for stablecoin approval under a new framework this year. Banks must submit detailed applications covering governance and controls under the FDIC safety standards. FDIC expects limited early participation, while […]

Highlights: FDIC is planning a draft rule that will set clear steps for stablecoin issuers seeking federal oversight. The GENIUS Act stablecoin rules will guide agencies as they align oversight duties and shape early policy decisions. Regulators are working together […]

Highlights: LevelField gains state approval and moves closer to full federal review as it plans a wider crypto banking expansion. LevelField is pushing for a secure model that blends banking and digital assets with the FDIC-backed crypto banking. Stablecoin concerns […]

Highlights: US banking agencies have confirmed that banks must control released keys to offer digital asset custody services safely. The crypto custody rules require banks to assess risks and build strong systems before holding assets of customers. Banks can use […]

Highlights: FDIC removes 2022 policy, allowing banks to engage in crypto without approval. The agency urges banks to assess risks, including cybersecurity and liquidity issues. Industry welcomes the move, but some criticize the lack of strict oversight. The U.S. Federal […]

Highlights: Paul Grewal has alleged that the FDIC has refused to be transparent on the debanking request. OCC will allow banks to offer crypto custody and stablecoin services without approval. Crypto leaders are demanding clear rules for the development of […]

Highlights: Warren targets debanking in crypto, pushing for stronger regulations to prevent account closures. Warren criticizes banks for closing accounts without explanation and disrupting payroll and rent payments. FDIC documents reveal pressure on crypto banking, highlighting “Chokepoint 2.0” restrictions. Massachusetts […]

Highlights: The lawsuit filed by History Associates accuses FDIC of failing to disclose over 150 documents on crypto operations to banks. Coinbase has accused the agency limited the search for key letters tied to crypto activities. The FDIC has sued […]

Highlights: Coinbase found over 20 instances where the FDIC advised banks to pause crypto activities.  Grewal criticized FDIC’s letters as attempts to restrict financial access for U.S. companies.  In June, Coinbase filed lawsuits against the SEC for ignoring earlier public […]