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Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure
13.3.2023
Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes regulators aimed to “send a very strong...
CFTC Names Executives From Circle, TRM, Fireblocks Among Others to New Tech Advisory Group
13.3.2023
The Commodity Futures Trading Commission announced former White House official Carole House and TRM Labs' Ari Redboard as the new chair and vice chair of its Technology Advisory Committee
Justice Department Investigating TerraUSD Stablecoin Collapse: Reports
13.3.2023
The investigations follow the filing of the SEC’s civil fraud lawsuit against Terraform Labs and Do Kwon last month
U.S. Fed’s Supervision Chief Investigating What Happened With Silicon Valley Bank
13.3.2023
Michael Barr, the vice chairman responsible for bank supervision and regulation at the U.S. Federal Reserve, is examining how the regulated Silicon Valley Bank met with its rapid collapse last week
Bank Collapses Underscore G-20 Hesitance on Crypto: Source
13.3.2023
The recent collapses of crypto banks have only underscored the hesitancy of the Group of 20 (G-20) on crypto assets, a highly placed G-20 source said
Panic Mustn’t Be Allowed to Spread After SVB Collapse: EU Lawmaker
13.3.2023
Germany’s Markus Ferber said there needs to be a review of interest rate and sovereign bond exposures
President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses
13.3.2023
The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors
BlockFi Has Cash Access for Staff, Vendors Despite SVB Collapse: Attorney
13.3.2023
Silicon Valley Bank Clients Can Fully Access Funds After FDIC Creates New Bridge Bank
13.3.2023
Loans and other services will resume on normal schedule Monday following a switch to a new bridge bank, the regulator said
EU Merchants Could Be Required to Accept Digital Euro, Ministers Told
13.3.2023
Governments from the euro currency bloc are due to discuss strategic objectives for the CBDC later Monday
IMF Had Warned G-20 That Widespread Crypto Use Would Impact Banks
13.3.2023
The International Monetary Fund (IMF) had warned the G-20 nations that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending, a report made public on Monday reveals
After Landmark Crypto Law, European Politicians Contemplate Building Their Own Blockchain
13.3.2023
‘Europeum’ could safeguard values like privacy, digital minister Mathieu Michel told CoinDesk, as he seeks to make Belgium a blockchain hub
Circle Scrambles to Right USDC After Signature Bank Failure
13.3.2023
Circle Internet Financial’s $3.3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order. But Circle’s USDC stablecoin isn’t out of the woods
Crypto-Friendly Signature Bank Shut Down by State Regulators
12.3.2023
New York-based Signature Bank, which has a number of crypto clients, was shut down Sunday by state regulators, the Federal Reserve announced
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
11.3.2023
Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank's collapse
Silicon Valley Bank Shuttered by State Regulators
10.3.2023
Silicon Valley Bank was shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days. The startup-focused bank counted a number of major crypto venture capital firms as clients
Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
10.3.2023
A crackdown on digital assets companies is reminiscent of “choke point” targeting of gun sales, Fed Governor Jerome Powell was told
What Happens If Ether Is a Security?
10.3.2023
A recent suit filed by the New York Attorney general could have far-ranging complications for crypto exchanges that list ether and similar tokens
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
10.3.2023
A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine...
Senior U.S. House Republican Says CBDCs Could Be ‘Weaponized’ as Political Tool
9.3.2023
One of the top Republican lawmakers, Rep. Tom Emmer (R-Minn.), is campaigning to stop what he argues is the intent of President Joe Biden’s administration to set up a digital dollar that could be deployed to collect information about citizens’ financial lives