FDIC moves to regulate stablecoin issuers under the GENIUS Act
In recent developments, fDIC’s proposed rules providing insurance for corporate deposits of stablecoin issuers will not extend to the stablecoin holders, as it would conflict with the GENIUS Act’s text,…
FDIC Moves GENIUS Act From Law to Practice With Stablecoin Rules
In recent developments, the Federal Deposit Insurance Corporation has issued its first official proposal outlining how banks can obtain approval to issue payment stablecoins, marking the GENIUS Act’s regulatory framework…
Crypto oversight in US tightens as CFTC and FDIC leadership near confirmation
In recent developments, mike Selig is positioned to replace Acting Chair Caroline Pham at the CFTC if confirmed. The CFTC has already expanded crypto oversight through collateral approvals and spot…
FDIC acting chair says framework for stablecoin laws coming this month
In recent developments, fDIC acting chair Travis Hill will inform the House Financial Services Committee that the regulator plans to propose how it will apply the GENIUS Act this month.…
FDIC acting chair says framework for stablecoin laws coming this month
In recent developments, fDIC acting chair Travis Hill will inform the House Financial Services Committee that the regulator plans to propose how it will apply the GENIUS Act this month.…
IMF Warns AI Will Supercharge Cyberattacks on Global Financial System
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