FDIC

Sen. Sherrod Brown (D-Ohio), chairman of the Senate Banking Commitee (Drew Angerer/Getty Images)

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 legislatio...

By Jesse Hamilton

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

Nov 30, 2022

FDICSenate Banking CommitteeSenateTreasury SecretarySherrod Brown

WASHINGTON, DC - JUNE 6: The entrance to the Federal Deposit Insurance Corporation (FDIC), located across the street from the Eisenhower Executive Office Building, is viewed on June 6, 2017 in Washington, D.C. The nation's capital, the sixth largest metropolitan area in the country, draws millions of visitors each year to its historical sites, including thousands of school kids during the month of June. (Photo by 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

The 1981 DeLorean DMC-12 from the "Back to the Future" movie series is displayed on the National Mall in 2021 as part of the annual Cars at the Capitol exhibit. (Kevin Dietsch/Getty Images)

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

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

FDIC Orders Crypto Exchange FTX US, 4 Others to Cease 'Misleading' Claims

Video

Nikhilesh de

FDIC Orders Crypto Exchange FTX US, 4 Others to Cease ‘Misleading’ Claims

The U.S. Federal Deposit Insurance Corp. (FDIC) published five cease-and-desist orders last Friday, including one to crypto exchange FTX US, alleging it mislead investors by s...

By CoinDesk Staff

Aug 22, 2022 at 4:07 p.m. UTC

Aug 22, 2022

Nikhilesh DecdtvFM ClipFDICcrypto regulationFTX USNik DeState of CryptoStateCrypto_SponsorU.S. Federal Deposit Insurance Corp.

Celsius Now Likely Has Enough Cash to Last Through Year End; FDIC Orders FTX US, Others to Cease 'Misleading' Claims

Video

Cdtv

Celsius Now Likely Has Enough Cash to Last Through Year End; FDIC Orders FTX US, Others to Cease ‘Misleading’ Claims

With funds coming from maturing loans and tax savings, Celsius now likely has enough cash to last through the end of 2022. Plus, the FDIC orders FTX US and four other companie...

By CoinDesk Staff

Aug 19, 2022 at 8:30 p.m. UTC

Aug 19, 2022

cdtvaab clipCelsius NetworkFDICFTX USmaturing loanstax savings

FTX US President Brett Harrison (Danny Nelson/CoinDesk)

Policy

Regulations

FDIC Orders Crypto Exchange FTX US, 4 Others to Cease 'Misleading' Claims

The five companies "made false representations" suggesting crypto products might be FDIC-insured.

By Nikhilesh De

Aug 19, 2022 at 6:07 p.m. UTC

Aug 19, 2022

RegulationsFDICUSFTX

Lawmaker Concerned Over FDIC 'Improperly' Pushing Banks to Avoid Serving Crypto Companies

Video

Nikhilesh de

Lawmaker Concerned Over FDIC ‘Improperly’ Pushing Banks to Avoid Serving Crypto Companies

The Federal Deposit Insurance Corporation (FDIC) may be leaning on banks to prevent them from providing services to cryptocurrency companies, U.S. Sen. Pat Toomey (R-Pa.) said...

By CoinDesk Staff

Aug 17, 2022 at 4:09 p.m. UTC

Aug 17, 2022