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Federal Deposit Insurance Corporation

CEO Brian Armstrong's Coinbase is accusing Chair Gary Gensler's Securities and Exchange Commission of improperly blocking public-document requests on its ether views. (CoinDesk)
Policy
Regulations
Coinbase Accuses U.S. SEC, FDIC of Improperly Blocking Document Requests
The U.S. crypto exchange wanted the SEC to give up documents on closed probes involving ether's status as a security, and its research contractor is now suing to get them.
CEO Brian Armstrong's Coinbase is accusing Chair Gary Gensler's Securities and Exchange Commission of improperly blocking public-document requests on its ether views. (CoinDesk)
By Jesse Hamilton
Jun 27, 2024 at 2:42 p.m. UTC
Jun 27, 2024
RegulationsETHEthereum 2.0Securities and Exchange CommissionCoinbaseFederal Deposit Insurance Corporationlawsuits
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
(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
FDIC Chairman Testifies on SVB, Signature Bank Failures
Video
Fdic
FDIC Chairman Testifies on SVB, Signature Bank Failures
Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg testifies before the Senate Banking Committee on the failures of Signature Bank and Silicon Valley Bank.
FDIC Chairman Testifies on SVB, Signature Bank Failures
By CoinDesk Inc
Mar 28, 2023 at 5:05 p.m. UTC
Mar 28, 2023
FDICFederal Deposit Insurance CorporationSenate Banking CommitteeSignature BankSilicon Valley BankMartin gruenberg
(Rob Pumphrey/Unsplash)
Markets
Opinion
Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil
Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat.
(Rob Pumphrey/Unsplash)
By Nathan Cox
Mar 22, 2023 at 5:40 p.m. UTC
Mar 22, 2023
OpinionNewslettersCrypto Long & ShortSafe HavenSilvergate BankSilicon Valley BankSignature BankFederal ReserveFedFederal Deposit Insurance CorporationFDIC
U.S. Federal Reserve building in Washington, D.C. (Jesse Hamilton/CoinDesk)
Policy
Regulations
US Federal Reserve, Other Agencies Continue to Warn Banks About Crypto
U.S. banking regulators argue that the past year of crypto drama underscores the need to keep banks at an arm’s length from the industry.
U.S. Federal Reserve building in Washington, D.C. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Jan 3, 2023 at 7:47 p.m. UTC
Jan 3, 2023
RegulationsFTXRisky assetsbanksFederal Deposit Insurance CorporationFederal Deposit Insurance CorporationFed
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...
Lawmaker Concerned Over FDIC 'Improperly' Pushing Banks to Avoid Serving Crypto Companies
By CoinDesk Staff
Aug 17, 2022 at 4:09 p.m. UTC
Aug 17, 2022
Nikhilesh DecdtvFM ClipFDICFederal Deposit Insurance Corporationcrypto regulationNik DeState of CryptoStateCrypto_SponsorSenator Pat Toomey
US Regulators Exploring How Banks Could Hold Crypto Assets
Video
Biden
US Regulators Exploring How Banks Could Hold Crypto Assets
According to Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams, a group of U.S. regulators are reportedly exploring how banks could hold and deal with...
US Regulators Exploring How Banks Could Hold Crypto Assets
By CoinDesk Staff
Oct 27, 2021 at 3:01 p.m. UTC
Oct 27, 2021
bidenNikhilesh DecdtvFM ClipStablecoinsFDICFederal Deposit Insurance CorporationJelena McWilliams
FDIC Chief Says Agency Wants to Know More About Digital Assets
Video
Nikhilesh de
FDIC Chief Says Agency Wants to Know More About Digital Assets
The Federal Deposit Insurance Corporation (FDIC), one of the federal banking regulators in the U.S., is looking into how banks are exploring digital currencies. CoinDesk Globa...
FDIC Chief Says Agency Wants to Know More About Digital Assets
By CoinDesk Staff
May 12, 2021 at 3:18 p.m. UTC
May 12, 2021
Nikhilesh DecdtvFM ClipCynthia LummisFDICFederal Deposit Insurance Corporation