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FDIC News
Top FDIC Stories
Latest FDIC News
News
GAO urged the FDIC to coordinate with federal regulators on blockchain risks as stablecoin and crypto market rules move forward.
News
Crypto investment firm Paradigm has urged the U.S. Federal Deposit Insurance Corporation to remove provisions from its proposed stablecoin framework that could restrict third-party firms from offering rewards tied to stablecoins. According to a comment letter submitted to the FDIC,…
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Consensys has urged the Federal Deposit Insurance Corporation to revise parts of its proposed stablecoin framework, arguing that several provisions tied to the GENIUS Act could unintentionally restrict ordinary distribution models and access to decentralized finance tools. According to a…
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The American Bankers Association has called for more time on stablecoin rulemaking tied to the GENIUS Act, citing gaps in regulatory coordination. The American Bankers Association, in a letter sent Tuesday, urged the U.S. Department of the Treasury, Federal Deposit…
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The Federal Deposit Insurance Corporation has proposed new rules under the GENIUS Act to oversee stablecoins issued through the banking system. According to a statement released on Tuesday, the board of directors voted to propose a rule that would set…
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US Federal Deposit Insurance Corporation Chairman Travis Hill has confirmed that his agency will propose a new application framework for stablecoin issuers later this month. Through a written testimony to be delivered before the House Financial Services Committee on Dec.…
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U.S. banking regulators have issued a statement clarifying the rules around cryptocurrency safekeeping, or custody, by banking organizations. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the…
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Coinbase has filed a motion in the D.C. District Court to resume its Freedom of Information Act lawsuit against the Federal Deposit Insurance Corporation. The exchange alleges that the FDIC continues to withhold crucial documents and is not fully cooperating…
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The Federal Deposit Insurance Corporation has issued new guidance allowing FDIC-supervised institutions to engage in permissible crypto-related activities without prior agency approval. This marks a reversal from previous policies that were seen as restrictive toward banks working with crypto firms.…
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Custodia Bank founder Caitlin Long hopes a new lawsuit would unearth more details on debanking under former President Joe Biden’s regime.
Follow-up
On Feb. 5, 2025, the Federal Deposit Insurance Corporation released 175 documents from the Biden-era FDIC correspondence ahead of the U.S. Senate Banking Committee GOP hearing on the debanking of crypto companies. New documents reveal new details of the so-called…
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The Federal Deposit Insurance Corporation has released more than 100 documents related to the highly criticized and controversial “debanking” of crypto companies and individuals. In a press release on Feb. 5, the FDIC stated that the 175 documents pertain to…
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Senator Cynthia Lummis threatened criminal referrals for FDIC staff allegedly engaged in destroying documents linked with “Operation Choke Point 2.0”.
Feature
On Jan. 6, 2025, Coinbase CLO Paul Grewal took to X to continue his coverage of the ongoing process of legal encounter with the FDIC that admitted to sending “pause letters” to the banks, urging them to stop services to…
News
Coinbase secured the release of more unredacted documents from the Federal Deposit Insurance Corporation following a legal battle over its Freedom of Information Act requests. The FDIC has released two additional pages of documents that Coinbase has been trying to…
Follow-up
The Coinbase Chief Legal Officer Paul Grewal took to X to demand answers after learning from the AIMA survey that 75% of crypto hedge funds face issues with accessing basic banking services. None of the traditional alternative investment managers (e.g.,…
