![Binance US alters FDIC Coverage for crypto deposits](https://crypto.news/app/uploads/2023/09/crypto-news-binance-logo-blurry-yellow-and-black-background-high-poly-style05-880x525.jpg)
FDIC News
Latest FDIC News
![Federal Reserve cracks down on crypto-friendly Customer Bancorp](https://crypto.news/app/uploads/2024/07/crypto-news-BitMEX-pleaded-guilty-to-violating-the-Bank-Secrecy-Act-option02-880x523.webp)
News
The Federal Reserve has imposed strict oversight and compliance measures on Customers Bancorp, Inc., and its subsidiary, Customers Bank. The action follows a recent examination by the Federal Reserve Bank of Philadelphia, which uncovered significant deficiencies in the bank’s risk…
![Coinbase sues SEC and FDIC over Freedom of Information requests](https://crypto.news/app/uploads/2023/10/crypto-news-coinbase01-880x525.webp)
News
Coinbase is going on the offensive after the SEC and FDIC denied information requests filed under the Freedom of Information Act.Â
![Custodia Bank claps back against court ruling, wants Fed master account](https://crypto.news/app/uploads/2023/11/crypto-news-court-peoples04-880x525.webp)
News
Custodia Bank has filed a notice of appeal on April 26, challenging a lower court's decision from March denying its attempt to officially join the U.S. banking system.
![FDIC Vice Chair advocates for more flexible approach to digital assets](https://crypto.news/app/uploads/2024/03/crypto-news-Digital-assets-are-rising-again-but-is-the-bull-run-here-to-stay-option04-880x525.webp)
News
Travis Hill, vice chairman of the FDIC, criticized the U.S. banking restrictions on handling digital assets for clients.
![Binance US alters FDIC Coverage for crypto deposits](https://crypto.news/app/uploads/2023/09/crypto-news-binance-logo-blurry-yellow-and-black-background-high-poly-style05-880x525.jpg)
News
In an Oct. 16 update to Binance.US’s terms of service for the exchange, a clarification was made that digital assets do not qualify for FDIC insurance coverage.
![FDIC highlights potential banking risks from crypto activities](https://crypto.news/app/uploads/2023/07/crypto-news-Central-Bank-Digital-Currency-low-poly-style-v5.2-880x525.jpg)
News
In this year’s review, the FDIC evaluates the potential implications and challenges of integrating crypto activities into the traditional US banking framework. In its 2023 annual risk review, the US Federal Deposit Insurance Corporation (FDIC) dedicated a comprehensive section to…
![Heartland Tri-State Bank collapses, FDIC steps in](https://crypto.news/app/uploads/2023/02/crypto-news-Bankruptcy-office-blurry-background-low-poly-style-880x525.jpg)
News
The Heartland Tri-State Bank is bankrupt but the FDIC has already stepped in to protect customer interests. Bitcoin prices remain stable
![Circle was a principal beneficiary of SVB government rescue](https://crypto.news/app/uploads/2023/05/The-Most-Suitable-Crypto-Exchange-For-USA-Users07-880x525.jpg)
News
A recent report by Bloomberg states that Circle, the issuer of the USDC stablecoin, emerged as a primary recipient of support from the government-backed rescue of Silicon Valley Bank (SVB).Â
![FDIC chair takes responsibility for Signature Bank’s collapse, also cites crypto](https://crypto.news/app/uploads/2023/03/crypto-news-high-rise-buildings-in-the-city-general-view-daylight-sixties-retro-futuristic-880x525.jpg)
News
A report from the FDIC has revealed that poor management was the primary cause of Signature Bank's failure, uncovering the key factor responsible for the bank's downfall.
![Digital asset exposure cited in GAO investigation of Signature Bank implosion](https://crypto.news/app/uploads/2023/03/Bluelight-–-economic-strategy1-880x525.jpg)
News
According to Michael Clements, the U.S. Government Accountability Office (GAO) is reviewing "large deposits from the digital asset space" to determine if cryptocurrency played a role in Signature Bank's collapse.
![Signature Bank collapse due to regulators, management](https://crypto.news/app/uploads/2023/03/crypto-news-USA-san-francisco-background-general-view-bright-tones-low-poly-style-880x525.jpg)
News
The fall of Signature Bank (SBNY) has been linked to a combination of executive mismanagement and insufficient intervention by federal regulators.
![Bitcoin hovers around $28k after First Republic Bank stock tanks](https://crypto.news/app/uploads/2023/04/BitMake1-880x525.jpg)
News
Bitcoin is trading around the $28,000 mark, after trading higher. The churn comes after news that the First Republic Bank is close to seizure by U.S. authorities.
![FDIC reportedly places SVB funds, including customer deposits, under receivershipÂ](https://crypto.news/app/uploads/2023/03/Silicon-Valley-Bank3-880x525.jpg)
News
FDIC has reportedly placed SVB funds, including those returned back by customers, under receivership
![Bitcoin rallies above $27,000 amid US banking crisis, Silicon Valley Bank drama unfolds | weekly recap](https://crypto.news/app/uploads/2023/03/crypto-news-woman-and-a-black-man-working-on-laptops-across-from-each-other-white-office-background-low-poly-style-880x525.jpg)
News
Bitcoin soars above $27,000 for the first time since last June amid a banking crisis in the U.S. There was more discussion on Silicon Valley Bank and FDIC position
![Tom Emmer says Biden administration is targeting crypto](https://crypto.news/app/uploads/2023/03/crypto-news-USA-New-York-background-general-view-bright-tones-low-880x525.jpg)
News
After the pro-cryptocurrency Silvergate Bank was shut down, several industry insiders have speculated that the US government is actively targeting the cryptocurrency sector.
![FDIC insists buyer of Signature Bank drop crypto operations](https://crypto.news/app/uploads/2023/02/crypto-news-USA-New-York-background-general-view-bright-tones-low-poly-880x525.jpg)
News
The federal deposit insurance corporation (FDIC) has demanded that the prospective buyer of New York-based Signature Bank relinquish all cryptocurrency operations.