FDIC Urged on Crypto Stablecoin Coordination
The U.S. Government Accountability Office urges the FDIC to enhance coordination on crypto and stablecoin risks, highlighting fragmented oversight in Washington. #Update #Crypto
FDIC
FDIC Advances Stablecoin Issuers Rule
The FDIC proposed compliance standards for stablecoin issuers, including AML/CFT programs and sanctions controls, under the GENIUS Act. #Update #Legal
FDIC Proposes First GENIUS Act Regulations
The FDIC, led by Travis Hill, plans to propose rules for stablecoin issuers under the GENIUS Act by December’s end, focusing on application frameworks and capital requirements. #Update #Crypto $USDC
Crypto: Fed Withdrawal Criticized by Lummis
Republican Senator Cynthia Lummis criticizes the Federal Reserve’s withdrawal of crypto guidelines as superficial, citing ongoing reputation risk and regulatory issues. #Update #Crypto $BTC (-3) ↘
Coinbase Alleges FDIC Non-Cooperation in Filing
Coinbase’s legal team claims the FDIC is not cooperating with FOIA requests related to “pause letters” targeting crypto services, prompting a new court motion. #Update #Legal (+3) ↘
FDIC Unveils US Banks Crypto Debanking
DailyHodl: The Federal Deposit Insurance Corporation (FDIC) unveils 175 documents showing resistance to US banks’ crypto services, confirming regulatory hurdles faced by institutions. #Update #Legal #Crypto (-6) ↘
Crypto Integration Urged by New FDIC Head
Travis Hill, incoming interim head of the Federal Deposit Insurance Corp. (FDIC), advocates for clearer crypto regulations to foster innovation and reduce unbanked populations, criticizing past approaches as stifling. #Update #Crypto (+3) ↗
FDIC Operation Chokepoint 2.0: Crypto Fears
Allegations against the Federal Deposit Insurance Corporation (FDIC) regarding Operation Chokepoint 2.0 persist, with whistleblowers claiming access to recordings targeting crypto organizations and influencers, raising concerns about the agency’s future amid growing crypto adoption. #Update #Legal (-6) ↘
Coinbase Challenges FDIC Over FOIA Responses
@Coinbase CLO Paul Grewal criticized the FDIC for incomplete FOIA responses, alleging misuse of Exemption 8 to redact information on crypto-related “pause letters” and highlighting potential legal risks for compliant crypto businesses. #Update #Legal @Coinbase (+5) ↗
Whistleblowers Unveil FDIC Chokepoint 2.0 Coverup
A group of insiders at the Federal Deposit Insurance Corporation (FDIC) has exposed a coverup involving Operation Chokepoint 2.0, revealing efforts to hide documents from FOIA requests and run disinformation campaigns against detractors on social media. • #Breaking • #Legal • @FDICgov • (+8) • ↗
FDIC Unveils Operation Choke Point Letters
The Federal Deposit Insurance Corporation (FDIC) released redacted letters revealing restrictions on banks’ crypto activities, highlighting alleged anti-crypto policies. • #Breaking • #Legal • @FDICgov • (+9) • ↗
Crypto Lawyer Urges FDIC Investigation
Attorney John E. Deaton calls for Congress to probe FDIC’s crypto directives, alleging “Operation ChokePoint 2.0” aims to marginalize digital assets; FDIC defends oversight citing market risks • #Breaking • #Legal • @FDICgov • (+8) • →
FDIC Challenges Banks on Public Blockchains
The Federal Deposit Insurance Corporation (FDIC) discouraged American banks from using public blockchains like Ethereum, according to unredacted documents obtained by @Coinbase via FOIA. • #Breaking • #Legal • @Coinbase • (+8) • ↗