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)
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)

FDIC Formally Adds Crypto to its Annual Report on Risks Facing U.S. Banks
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

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)
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)

(Nikhilesh De/CoinDesk)
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)

'Regulators Aren't Supposed to Stop a Bank Failure': Former FDIC U.S. Regulator
'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

Crypto Outlook After First Republic Bank Takeover
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

FDIC Chairman Martin Gruenberg (Alex Wong/Getty Images)
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)

(Nikhilesh De/CoinDesk)
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)

Rep. McHenry Questions Regulators on SVB Collapse
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

(EschCollection/GettyImages)
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)