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Lawmakers Question SEC Over Disruptive Crypto Custody Rules

25.9.2024
Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question whether the SEC acted prematurely, potentially...

Robert Kiyosaki Pushes Bitcoin as US Debt Soars to Alarming Levels — Warns of Banking System Failures

25.8.2024
Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks...

FDIC nominee Goldsmith Romero says banks can custody digital assets

11.7.2024
The Federal Deposit Insurance Corporation Chair nominee stated her position amid the failure of Congress to overturn the SAB-121 veto

Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies

10.7.2024
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6...

History Associates joins Coinbase in FDIC legal battle

28.6.2024
The History Associates suit aims to hold the FDIC and other regulatory agencies accountable for their actions and ensure transparency in their regulatory practices

Coinbase Accuses U.S. SEC, FDIC of Improperly Blocking Document Requests

27.6.2024
A research firm Coinbase contracted is suing the U.S. Securities and Exchange Commission (SEC) and a federal banking agency, accusing them on Thursday of failing to produce documents under open-records laws that would shed light on the regulators' views on cryptocurrencies

Coinbase Sues SEC, FDIC for Transparency on Crypto Regulations

27.6.2024
Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC) to obtain documents on their approaches to cryptocurrency regulation. Coinbase’s chief legal officer highlighted the lack of clear guidelines from the...

Coinbase sues SEC and FDIC over FOIA requests

27.6.2024
Coinbase's lawsuits target the SEC and FDIC for alleged non-compliance with FOIA requests regarding Ethereum's PoS transition

Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide

24.6.2024
While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests...

Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions

22.6.2024
Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve...

JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance

16.6.2024
A report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial reporters Pam Martens and Russ Martens from...

President Biden announces picks for SEC, FDIC and Treasury leadership

13.6.2024
CFTC Commissioner Christy Goldsmith Romero could replace Martin Gruenberg after allegations of a toxic workplace culture at the FDIC

White House Expected to Nominate CFTC Commissioners to FDIC, Treasury Roles: Reports

13.6.2024
The White House is expected to nominate Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation Chair media outlets have reported

Mexican Billionaire Says to Buy Bitcoin, Musk vs. Nakamoto, and More — Week in Review

9.6.2024
Mexican billionaire Ricardo Salinas Pliego has urged his followers to buy Bitcoin. Elon Musk, currently the world’s wealthiest individual, could be surpassed by Bitcoin’s anonymous creator, Satoshi Nakamoto. In Nigeria, artist Davido faced backlash after allegedly scamming investors...

3 reasons why Bitcoin failed to break above $72K

5.6.2024
Regulatory uncertainty and volatile macroeconomic events may weaken further upside in the BTC price in the near term

US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged

4.6.2024
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses...

FDIC Chairman Martin Gruenberg Steps Down Following Toxic Workplace Culture Report

21.5.2024
FDIC Chair Martin Gruenberg to step down from his position following an investigation that exposed a toxic workplace culture at the bank regulator. The post FDIC Chairman Martin Gruenberg Steps Down Following Toxic Workplace Culture Report appeared first on Cryptonews

Anti-crypto FDIC chair Martin Gruenberg to step down — ‘best day ever’

21.5.2024
Martin Gruenberg has faced criticism from Republicans and Democrats alike after an independent investigation revealed a range of workplace issues at the FDIC

Binance Aids Taiwan in Busting $6M Crypto Money Laundering Ring

18.5.2024
Binance’s Financial Crimes Compliance Department recently collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office on a significant cryptocurrency-assisted money laundering case involving nearly NT$200 million (approximately US$6...