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FDIC
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 companies to cease 'misleading' claims.
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 Tuesday, citing communications he had received. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.
Fmr FDIC Exec: Crypto Investors Can Rely on 'Frankly Nothing' in Current Regulatory Environment
The Federal Deposit Insurance Corporation (FDIC) is looking into claims by crypto broker Voyager that its customer accounts were protected by the agency in the event of collapse. Former FDIC Chief Innovation Officer Sultan Meghji discusses the scrutiny as Three Arrows creditors get an emergency hearing.
FDIC Chair Jelena McWilliams Announces Surprise Resignation
CoinDesk Managing Editor for Global Policy & Regulation Nikhilesh De shares an overview of FDIC Chair Jelena Williams’ surprise resignation announcement for February of this year and what this means for the Biden administration. Plus, De’s insights on how crypto will be a campaign issue for candidates going into the 2022 midterm elections.
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 digital assets. CoinDesk’s Nikhilesh De discusses the latest on global policy and regulation. Plus, an update on the Biden Administration’s stablecoin report.
Anchorage Digital to Offer Ethereum-backed Loans Through FDIC-Insured BankProv
Digital asset platform Anchorage Digital is expanding its lending service with ethereum-backed loans through BankProv, a traditional Massachusetts-based bank formally known as Provident Bank. This is the first time the crypto custody bank has extended ETH-backed loans through a traditional FDIC-insured bank. Diogo Mónica of Anchorage Digital explains how this works.
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 Global Policy and Regulation Managing Editor Nikhilesh De on the main takeaways. Plus, reactions to Senator Cynthia Lummis proposing making distributed ledgers a "key focus."