Stablecoins like $USDC and $USDT won’t receive FDIC insurance under the new GENIUS Act, according to FDIC Chairman Travis Hill, impacting their regulatory treatment compared to bank deposits. #Update #Crypto $USDC
President Trump confirms Mike Selig as CFTC chairman and Travis Hill as FDIC chairman, both poised to influence U.S. crypto regulation amid ongoing legislative efforts. #Update #Crypto $BTC $ETH
The U.S. Federal Deposit Insurance Corp. proposed its first stablecoin rule under the GENIUS Act, initiating a 60-day public comment period on application procedures for banks to issue stablecoins. #Update #Crypto $USDC
Travis Hill has been nominated by President Trump to lead the FDIC, aiming to support crypto banking and reverse previous debanking policies. Senate confirmation is pending. #Update #Crypto
