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FDIC

The U.S. Federal Deposit Insurance Corp. was faulted by its inspector general for a lack of guidance to banks handling crypto. (Nikhilesh De/CoinDesk)
Policy
Regulations
Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks
The FDIC's watchdog concluded the agency has been lax in figuring out how to guide U.S. bankers on crypto matters, and it called for a new strategy by January.
The U.S. Federal Deposit Insurance Corp. was faulted by its inspector general for a lack of guidance to banks handling crypto. (Nikhilesh De/CoinDesk)
By Jesse Hamilton
Oct 18, 2023 at 6:01 p.m. UTC
Oct 18, 2023
RegulationsFDICFederal Deposit Insurance Corporationbanks
FDIC Formally Adds Crypto to its Annual Report on Risks Facing U.S. Banks
Video
Cdtv
FDIC Formally Adds Crypto to its Annual Report on Risks Facing U.S. Banks
The Federal Deposit Insurance Corp. officially added crypto to its annual report on risks facing U.S. banks and says the agency is prepared to engage in “robust supervisory di...
FDIC Formally Adds Crypto to its Annual Report on Risks Facing U.S. Banks
By CoinDesk Staff
Aug 16, 2023 at 5:24 p.m. UTC
Aug 16, 2023
cdtvHash clipFDIC
Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)
Policy
Regulations
Circle Was Top Depositor Aided by SVB Government Rescue: Bloomberg
The FDIC guarantee included over $3.3 billion the USDC stablecoin issuer held at the lender.
Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)
By Jack Schickler
Jun 23, 2023 at 2:19 p.m. UTC
Jun 23, 2023
RegulationsCircleUSDCFDICSilicon Valley Bank
(Nikhilesh De/CoinDesk)
Policy
Regulations
OKCoin Accused by FDIC of Making False Claims About Customer Protections
The U.S. banking agency demanded the exchange halt “misleading representations” of backing from FDIC insurance.
(Nikhilesh De/CoinDesk)
By Jesse Hamilton
Jun 16, 2023 at 2:58 a.m. UTC
Jun 16, 2023
RegulationsOKXOKCoinFDICFederal Deposit Insurance CorporationLegal
'Regulators Aren't Supposed to Stop a Bank Failure': Former FDIC U.S. Regulator
Video
Cdtv
'Regulators Aren't Supposed to Stop a Bank Failure': Former FDIC U.S. Regulator
A third major bank has failed in 2023, with the Federal Deposit Insurance Corporation (FDIC) announcing on Monday that it took possession of First Republic Bank and that JPMor...
'Regulators Aren't Supposed to Stop a Bank Failure': Former FDIC U.S. Regulator
By CoinDesk Inc
May 1, 2023 at 2:49 p.m. UTC
May 1, 2023
cdtvFM ClipFDICSocial_ClipJason brettKey bridge advisorsFirst republic bank
Crypto Outlook After First Republic Bank Takeover
Video
Cdtv
Crypto Outlook After First Republic Bank Takeover
The FDIC announced it briefly took possession of First Republic Bank, and JPMorgan Chase will now acquire most of its assets and deposits. This is the third major bank to fail...
Crypto Outlook After First Republic Bank Takeover
By CoinDesk Inc
May 1, 2023 at 2:45 p.m. UTC
May 1, 2023
cdtvFM ClipFDICJPMorgan ChaseJason brettKey bridge advisorsFirst republic bank
FDIC Chairman Martin Gruenberg (Alex Wong/Getty Images)
Policy
Regulations
Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says
The Federal Deposit Insurance Corp. said Signature’s exposure to crypto industry deposits was also a contributing factor.
FDIC Chairman Martin Gruenberg (Alex Wong/Getty Images)
By Nikhilesh De
Apr 28, 2023 at 5:00 p.m. UTC
Apr 28, 2023
RegulationsFDICSignature BankSilicon Valley BankFederal Reserve
(Nikhilesh De/CoinDesk)
Policy
Regulations
That Binance Suit Sure Seems Bigger Than Just a CFTC Case
The implications of the CFTC’s lawsuit against Binance extend well beyond any civil action.
(Nikhilesh De/CoinDesk)
By Nikhilesh De
Mar 29, 2023 at 8:09 p.m. UTC
Mar 29, 2023
RegulationsNewslettersState of CryptoBinanceCFTCFDICSignature BankSilicon Valley BankOCC
Rep. McHenry Questions Regulators on SVB Collapse
Video
Federal reserve
Rep. McHenry Questions Regulators on SVB Collapse
U.S. Rep. Patrick McHenry (R-N.C.) questions U.S. Treasury Undersecretary For Domestic Finance Nellie Liang, Federal Reserve Vice Chair for Supervision Michael Barr, and Feder...
Rep. McHenry Questions Regulators on SVB Collapse
By CoinDesk Inc
Mar 29, 2023 at 6:20 p.m. UTC
Mar 29, 2023
Federal ReserveFDICTreasuryPatrick McHenryMichael BarrSilicon Valley BankMartin gruenbergNellie liang
(EschCollection/GettyImages)
Finance
Opinion
The Short-Sightedness of Run-Amok Regulators
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off fr...
(EschCollection/GettyImages)
By Ric Edelman
Mar 29, 2023 at 4:44 p.m. UTC
Mar 29, 2023
OpinionCrypto Long & ShortNewslettersRegulationFDICOCCSilvergate BankSilicon Valley BankSignature BankChina miningRegulation