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Nalezeno "AI Policy": 6519

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

Silicon Valley Bank Depositors Will Have Access to "All" Funds Monday, Say Federal Regulators

12.3.2023
In a joint statement, federal banking and finance regulators said depositors will be made whole

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

‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion

11.3.2023
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture...

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

Ether a Security? That Could Have Huge Ramifications for Crypto, Legal Expert Says

10.3.2023
Should ether be deemed a security at the state level, it may lead to federal laws ultimately being settled in, Pennsylvania State University Dickinson Law Professor Tonya Evans, says

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

U.S. DOJ Appeals New York Judge’s Decision to Approve Voyager’s Sale to Binance.US

10.3.2023
The appeal comes just one day after Judge Michael Wiles gave Voyager Digital the go-ahead to sell its assets to Binance.US

Steve Forbes Says the Fed Is ‘Inflicting Unnecessary Pain’ With Interest Rate Hikes

10.3.2023
Media mogul Steve Forbes, chairman of Forbes Media, has warned that the Federal Reserve is “inflicting unnecessary pain” on the U.S. economy with its interest rate hikes after Fed Chair Jerome Powell said the Fed is prepared to raise interest rates at a faster pace. He also pointed...

Fed Chair Powell Provides Update on US Central Bank Digital Currency

10.3.2023
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that...

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

New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security

9.3.2023
The New York Attorney General's office sued Kucoin on Thursday, alleging it offered unregistered securities and commodities

Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’

9.3.2023
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the...