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Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures
29.4.2023
On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC)...
'How did this happen' — Powell says Fed stumped over the collapse of SVB
23.3.2023
In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.”
US Fed to create new crypto team amid concerns about unregulated stablecoins
10.3.2023
The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system
US Fed Standing Up New Squad of Crypto Specialists, Says Supervision Chief Barr
9.3.2023
The U.S. Federal Reserve is putting together a “specialized team of experts” to enhance its supervision of the crypto sector, said Michael Barr, the central bank’s vice chairman for supervision
U.S. lawmakers argue SEC accounting policy places crypto customers at risk
3.3.2023
While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators
Regulators Should Use 'Range of Options' in Fintech, Fed's Barr Says
12.10.2022
Sometimes just identifying risks is enough to change risky behavior, Fed Vice Chair for Supervision Michael Barr said at DC Fintech Week
US Fed vice chair Michael Barr favors hard line on crypto, OCC acting head no friendlier
7.9.2022
Barr, a former Ripple Labs adviser, has taken a rather less favorable view of crypto than he apparently had in the private sector, as he gives his first speech as a Fed official
US Senate confirms Michael Barr as Fed vice chair for supervision
13.7.2022
Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs
Former Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog
13.7.2022
Michael Barr, a former Ripple adviser, is set to assume one of the most important U.S. regulatory roles after winning Senate confirmation to be vice chairman for supervision at the Federal Reserve
Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator
15.4.2022
President Joe Biden named former crypto industry adviser Michael Barr as his latest pick for a Federal Reserve post that's arguably the most powerful financial regulator job in the U.S
NES And SNES Designer Lance Barr Is Retiring From Nintendo
26.8.2021
Best known for his work on the NES and SNES, industrial designer Lance Barr has retired from his position as Design and Brand Director at Nintendo of America. As spotted by Nintendo Life (via Game Industry), Barr updated his LinkedIn profile to “Retired,” writing, “After almost 39 years...
Amouranth Is Twitch's Smartest Troll, But She's On Thin Ice
23.7.2021
It’s past midnight on a Tuesday. Kaitlyn “Amouranth” Siragusa stands in her bedroom, which emanates a soothing purple glow. Clad in a fire engine-red top and a choker with a heart-shaped clasp, she appears neither bored nor tired, nor does her tongue seem to be pulsating in agony. This is pertinent...
Bots Reportedly Helped Fuel GameStonks Hype on Facebook, Twitter, and Other Platforms
28.2.2021
The s0-called GameStonks saga had some help from automated bots hyping up “meme” stocks on Facebook, Instagram, Twitter, and YouTube, according to an analysis by the cybersecurity firm PiiQ Media reviewed by Reuters.Read more
Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator
22.1.2021
Micheal Barr, the former member of Ripple’s board of advisors, is set to become the United States’ next banking regulator, according to a report. A former assistant treasury secretary, Barr will become the second individual with crypto connections to lead the Office of Currency...
Former Ripple advisor set to become Comptroller of the Currency: WSJ
21.1.2021
President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of the Currency
Former Ripple Board Member Tapped to Lead Biden’s OCC: WSJ
21.1.2021
The Wall Street Journal is reporting former Treasury official Michael Barr will replace Brian Brooks as Comptroller of the Currency
With Bill Barr leaving the DoJ, what will the next Attorney General do about crypto?
15.12.2020
Attorney General William Barr tendered his resignation to President Trump last night, opening up the conversation as to how a Biden-appointed successor will handle crypto
Blockchain-Backed Election Art Sells for $66K, Animation Changes After Electoral College Decision
11.11.2020
While Americans wait for the official outcome of the electoral college, a blockchain-backed non-fungible token (NFT) called “Crossroad” will change to one of two animations featuring the 45th U.S. President Donald Trump. The animated election-based “Crossroad” NFT recently...
The US Crypto Enforcement Framework Is a Warning to International Exchanges
14.10.2020
The U.S. Department of Justice’s cryptocurrency enforcement framework is a warning shot to exchanges worldwide: Comply with U.S. law or face the potential wrath of the federal government
US Government Moves to Regulate Cryptocurrencies After Attorney General Publishes Enforcement Framework
10.10.2020
United States Attorney General (AG) William Barr says the recent publishing of the Cryptocurrency Enforcement Framework will help law enforcement to fight elements using digital currencies for illicit ends. Produced by the AG’s Cyber-Digital Task Force, the framework provides law enforcement...