FDIC
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Regulation
Coinbase Sues SEC, FDIC in Scathing Lawsuit Over Alleged Attempts To ‘Cripple’ Crypto
The largest US-based crypto exchange by trading volume is taking on two of the country’s top financial regulators in a…
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Regulation
FDIC Vice Chair Calls for Crypto Regulatory Clarity, Says Tokenization Enables ‘Far-Reaching’ New Functions
The tokenization of real-world assets offers “far-reaching” new functions, according to Travis Hill, the vice chair of the U.S. Federal…
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Regulation
FDIC Inspector General finds glaring gaps in its crypto oversight efforts
A new assessment by the Federal Deposit Insurance Corporation (FDIC)’s Office of Inspector General has brought to light substantial gaps…
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Regulation
FDIC and Other Federal Agencies ‘Closely Monitoring’ Banks’ Exposure to Crypto Assets
The Federal Deposit Insurance Corporation (FDIC) says it is working with other federal authorities to keep a close eye on…
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Regulation
FDIC orders OKCoin to correct misleading insurance claims
The U.S. Federal Deposit Insurance Corp. (FDIC) has issued a cease and desist letter to OKCoin, warning the exchange about…
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Regulation
FDIC Chair Says Signature Bank Failed To Understand the Risks of Doing Business With Crypto Industry
The head of the U.S. Federal Deposit Insurance Corporation (FDIC) says that Signature Bank (SBNY) failed to grasp the risks…
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Regulation
FDIC Says Signature Bank Cratered Due to Contagion Effects and Failure To Understand the Risks of Crypto
Signature Bank (SBNY) primarily failed due to contagion that spread from other recently collapsed financial institutions, according to the U.S.…
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Regulation
Crypto-linked Cross River Bank receives FDIC order
Cross River Bank has received a consent order from the FDIC demanding further oversight, according to a filing made public…
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Regulation
FDIC says Signature Bank failed due to mismanagement, risky crypto deposits
The U.S. Federal Deposit Insurance Corporation (FDIC) investigation into the collapse of Signature Bank found that the root cause of…
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Regulation
FDIC Set To Sell Crypto-Friendly Bank in $38,400,000,000 Deal, but Excludes Digital Asset Banking Branch From Transaction
The U.S. Federal Deposit Insurance Corporation (FDIC) has found a buyer for the failed, crypto-friendly financial institution Signature Bank. According…
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