Federal Deposit Insurance Corporation

Coinbase seeks SEC chair Gary Gensler’s personal emails, FDIC documents

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5 July, 2024

Coinbase seeks SEC chair Gary Gensler’s personal emails, FDIC documents

Coinbase's attorneys filed a letter to Judge Katherine Polk Fail in response to the SEC's motion to "quash Coinbase's subpoena...

FDIC blasts US agencies’ closed-off regulatory approach

Business

Steve Kaaru

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14 March, 2024

FDIC blasts US agencies’ closed-off regulatory approach

FDIC Vice Chair Travis Hill blasted his agency and the SEC for their approach to digital assets, leaving no room...

FDIC agrees to up digital asset industry risk assessments

Business

James Field

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23 October, 2023

FDIC agrees to up digital asset industry risk assessments

In addressing risks posed by digital assets, the FDIC is urged to set up timeframes to strategically assess threat and...

Digital assets pose ‘novel and complex risks’ to US banking system, FDIC says

Business

Jordan Atkins

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16 August, 2023

Digital assets pose ‘novel and complex risks’ to US banking system, FDIC says

The FDIC’s annual Risk Review for 2023 is the first to be published since the banking chaos of March 2023,...

Business

Steve Kaaru

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20 June, 2023

OKCoin’s fake insurance claims draw the ire of FDIC

OKCoin exchange has claimed in at least three separate instances that its customers enjoy insurance protection, which the FDIC wants...

Funds on payment platforms may not be FDIC insured, US regulators warn

Business

Wahid Pessarlay

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5 June, 2023

Funds on payment platforms may not be FDIC insured, US regulators warn

The U.S. Consumer Financial Protection Bureau advises the public to be cautious in storing funds on payment platforms, stressing that...

GOP Congressman Tom Emmer accuses FDIC of weaponizing bank closures to attack digital asset industry

Business

James Field

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17 March, 2023

GOP Congressman Tom Emmer accuses FDIC of weaponizing bank closures to attack digital asset industry

Republican Congressman Tom Emmer wrote a letter to the Chairman of the FDIC, Mark Gruenberg, voicing his concerns about the...

Editorial

Kurt Wuckert Jr

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16 March, 2023

Bitcoin doesn’t fix this

As we watch the Federal Reserve, FDIC and other agencies reassure the world that “everything is fine,” we also have...

Crypto’s US banking access more uncertain than ever

Business

Steven Stradbrooke

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8 March, 2023

Crypto’s US banking access more uncertain than ever

Silvergate has been living on borrowed time since it failed to file its latest financial report with the U.S. Securities...

FDIC warns CEX.IO exchange against misleading insurance claims

Business

Steve Kaaru

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22 February, 2023

FDIC warns CEX.IO exchange against misleading insurance claims

The FDIC issued a cease and desist letter to CEX.IO demanding that it removes all references to FDIC insurance as...

US officials call on Congress to ‘step up’ its digital asset efforts

Business

Jordan Atkins

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3 February, 2023

US officials call on Congress to ‘step up’ its digital asset efforts

Four U.S. officials urged Congress to heighten its regulatory approach toward the digital asset industry by laying out specific recommendations,...

Gemini lied about FDIC insurance in emails to Earn customers: report

Business

Steve Kaaru

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3 February, 2023

Gemini lied about FDIC insurance in emails to Earn customers: report

In legally ambiguous and vague language, Gemini repeatedly told its customers that funds were FDIC-insured, giving them false hope that...

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