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Policy

Crypto Exchange Gemini Emphasized FDIC Insurance in Communications With Earn Customers: Report

Gemini reportedly repeatedly implied that the assets of customers using its Earn product were safe thanks to being backed by the Federal Deposit Insurance Corp.

By Jamie Crawley

Jan 30, 2023 at 12:56 p.m. UTC

Jan 30, 2023

GeminiFDICNYDFSGenesis

CDCROP: Committee chairman Sen. Sherrod Brown (D-OH) listens during a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC. (Drew Angerer/Getty Images)

Policy

Fdic

After Months at Arm’s Length, Sen. Brown Opens Door for Crypto Legislation

The chairman of the Senate Banking Committee – the missing ingredient in previous efforts – has invited Treasury Secretary Janet Yellen to start working with him on legislation.

By Jesse Hamilton

Nov 30, 2022 at 5:53 p.m. UTC

Nov 30, 2022

FDICSenate Banking CommitteeSenateTreasury SecretarySherrod Brown

CDCROP: Exploring Our Nation's Capital: Washington D.C. (George Rose/Getty Images)

Layer 2

Bank run

Crypto Needs an FDIC-Like Protocol to Prevent Liquidity Crises

How does the FTX fallout resemble the history of bank runs?

By Adam Hofmann

Nov 15, 2022 at 10:10 p.m. UTC

Nov 15, 2022

Bank RunOpinionInsuranceFDICFTX

Famous Delorean From "Back To The Future" Movie On Display In Washington, D.C.

Policy

Regulations

White House Goes Back to the Future With FDIC Chair Pick Gruenberg

The Biden Administration has nominated Martin Gruenberg, the longest-serving FDIC board member in history, to return to the chairmanship he held under Obama.

By Jesse Hamilton

Nov 14, 2022 at 10:27 p.m. UTC

Nov 14, 2022

regulationsstablecoin regulationFDICSenate

CDCROP: Official Portrait of FDIC Interim Chairman Martin J. Gruenberg (FDIC.gov)

Policy

Regulations

Stablecoins Could ‘Fundamentally Alter’ Banking System, Says US FDIC Chief

Acting FDIC head Martin Gruenberg argues that stablecoins need to mesh with regulated banking as well as the Fed’s real-time payments system and any future U.S. CBDC.

By Jesse Hamilton

Oct 20, 2022 at 2:00 p.m. UTC

Oct 20, 2022

regulationsFDICstablecoin regulationStablecoinsCBDCUS