ConsenSys Faced Banking Pressure Twice, CEO Joe Lubin Shares How They Survived
According to Lubin, a lot of banks were under pressure to cut ties with crypto.
Trump Excludes Fed, FDIC from Crypto Working Group, Snubs Banking Watchdogs
In a significant move, Trump established a new cryptocurrency working group without the Federal Reserve and FDIC, sparking industry discussions about regulatory approach and financial innovation.
US Banking Overhaul: Donald Trump Team Proposes FDIC Removal
President-elect Donald Trump’s transition team proposed to reduce, consolidate, and potentially eliminate key financial regulators such as FDIC.
Coinbase Investigation Reveal Big Crypto Chokepoint by FDIC
Coinbase has showcased the extent of FDIC involvement in Operation Chokepoint 2.0.
FDIC Chair Involved in Crypto ‘Operation Choke Point 2.0’ Resigns
FDIC Chair Martin Gruenberg was instrumental in ‘Operation Choke Point 2.0’ against the crypto industry, and has drawn sharp criticism from leaders and lawmakers alike.
Pro-XRP Lawyer Gets $1M from Winklevoss Twins to Unseat Senator Warren
Tyler Winklevoss lashed out at SEC chair Gary Gensler and FDIC Chair Martin Gruenberg while referring to both of them as “lapdogs and attack dogs” who leveraged the power of their agencies to push Warren’s anti-crypto policies.
Ex-Obama Solicitor Accuses Regulators of Intentional Crypto Debanking
The digital currency ecosystem remains tightly constrained by the US SEC.
Coinbase Strikes Back, Sues SEC and FDIC over FOIA Violations
Coinbase has a long history of fighting legal issues in the United States, being the firm crypto exchange to be publicly listed in the country.
Bittrex Agrees to Pay $24M to Settle with SEC for Failing to Register as National Securities Exchange
The US SEC filed a complaint against Bittrex on April 17 with the US District Court for the Western District of Washington alleging the exchange listed unregistered securities.
US Officials in Urgent Talks to Rescue First Republic Bank
By Darya Rudz
In case of a scenario where the First Republic Bank fails, the FDIC will likely want to avoid systemic risk and offer insurance to all the bank’s depositors, even those not covered by insurance.
FDIC Plans to Return $4B in Signature Bank’s Crypto Deposits by Next Week
Starting next week on April 5, Signature Bank will return $4 billion in deposits linked to crypto businesses since they aren’t a part of the NYCB deal.
First Citizens to Acquire Silicon Valley Bank after Striking Deal with FDIC
By Tolu Ajiboye
First Citizens has acquired failed bank Silicon Valley and will open former SVB branches today as First Citizens Bank and Trust Company.
US Officials Reportedly Studying Ways to Guarantee Bank Deposits of $17 Trillion amid Crisis
By Tolu Ajiboye
The FDIC and Fed are looking for ways the US government can guarantee all bank deposits amounting to $17 trillion should the financial turmoil worsen.
FDIC Announces Sale of Signature Bank Assets to New York Community Bancorp
FDIC said that the deal between Signature and Flagstar would cost the Deposit Insurance Fund an estimated $2.5 billion.
JPMorgan Strategists Say US Fed Could Inject $2T into Banking System
The trio of the Federal Reserve, the Treasury Department, and the Federal Deposit Insurance Corporation (FDIC) have been pledging support to depositors.