Tue, December 24

Trump Advisers Explore Restructuring Banking Regulators

Donald Trump’s transition team is reportedly examining the changes to the federal banking regulatory framework in collaboration with the recently established Department of Government Efficiency (DOGE). The proposals, which could reshape the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), have raised concerns. 

December 13, 2024 2 mins read

Coinbase Calls Out FDIC for Restricting Crypto Banking Access

Coinbase has revealed troubling findings about the Federal Deposit Insurance Corporation (FDIC), uncovering over 20 instances where the regulator advised banks to avoid providing crypto-related services. This information emerged following the exchange’s recent Freedom of Information Act (FOIA) requests aimed at shedding light on the ongoing governmental crackdown on cryptocurrencies.

November 2, 2024 2 mins read

FDIC’s Inspector General Office Calls for Crypto Risk Strategy Review

The FDIC’s Office of the Inspector General published an evaluation on the FDIC’s crypto risk strategy. Two suggestions were submitted to the FDIC by the Office of the Inspector General, one of which was a method for monitoring crypto activity at regulated institutions. A news release states that the OIG

October 19, 2023 2 mins read

FDIC Chairman Blames Crypto for Recent Bank Failures in the U.S

Poor management and a lack of liquidity were found to be major factors in the demise of Signature Bank. FDIC chairman Martin Gruenberg, on the other hand, thinks the bank should have known better about the dangers involved with cryptocurrencies or it would not have fallen so quickly. Gruenberg brought

May 17, 2023 1 min read

FDIC Urges Crypto Clients to Transfer Signature’s Funds

On Tuesday, United States Federal Deposit Insurance Corporation (U.S. FDIC) reported that the account holders of Signature Bank have to close and transfer their funds within the 5th of April 2023. FDIC declares, all the deposit accounts will get transferred to Flagstar Bank.  Are Signature Bank’s Crypto Clients Safe?  All

March 29, 2023 2 mins read

Crypto Exchange CEX.IO Receives Notice by FDIC Over Insurance Claims

Executives of cryptocurrency exchange CEX.IO have received a letter from the United States Federal Deposit Insurance Corporation (FDIC). Notifying them that they may have broken federal law by making false and misleading claims regarding the exchange’s insurance status. The regulatory body has given the exchange 15 days to make the

February 16, 2023 2 mins read

U.S Federal Agencies Warn About The Risks Of Cryptocurrencies

Federal bank regulatory authorities in the United States have released a statement on the risks of cryptocurrencies to banking organizations. On Jan. 3, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued a joint statement regarding the challenges that

January 4, 2023 2 mins read
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