Breaking News: FDIC – Market Insights, Analysis & Latest Updates

US House oversight committee probes alleged debanking in letter sent to crypto execs mentioning Melania Trump

The committee’s letter marks the latest move among lawmakers to crack down on alleged debanking. “The Committee seeks to understand whether this pattern of debanking stems from financial institutions themselves or from government actors,” according to the letter.

theblock.co • 24/01/2025 - 18:28 PM

Big bank CEOs, including Jamie Dimon, open up about crypto restrictions as Trump administration rolls in

Big bank CEOs discuss challenges with crypto banking amid regulatory scrutiny and lawsuits, calling for clearer guidelines as industry relations evolve under changing government attitudes.

theblock.co • 23/01/2025 - 17:32 PM

FDIC

Incoming crypto czar Sacks says 'Choke Point' crackdown 'needs to be looked at'

Chris Lane critiques regulators for Silvergate Bank's collapse, asserting their restrictions destroyed its business model as the bank voluntarily liquidated amid a banking crisis affecting the crypto sector.

theblock.co • 07/12/2024 - 16:16 PM

FDIC asked financial institutions to pause crypto-related activity according to letters obtained through Coinbase lawsuit

FDIC requested banks to pause crypto activities, alleging regulatory uncertainty; Coinbase sues for transparency while raising concerns about government interference in the crypto sector.

theblock.co • 06/12/2024 - 18:56 PM

Rep. French Hill pledges to investigate debanking following crypto executives' complaints

Rep. French Hill plans to investigate debanking in the crypto industry, while discussions on stablecoin regulations continue, amid pressures on banks regarding crypto accounts.

theblock.co • 04/12/2024 - 18:59 PM

Crypto execs open up about debanking experiences following Trump's US election win

Following a16z co-founder Marc Andreessen’s recent interview on Joe Rogan’s podcast, several crypto execs opened up about their debanking experiences. The industry expects a more friendly incoming administration under Donald Trump following various pro-crypto campaign pledges, including shutting down “Operation Choke Point 2.0.”

theblock.co • 29/11/2024 - 13:20 PM

Ripple names Bitstamp, Bitso and Bullish among exchange partners ahead of stablecoin launch

Ripple partners with key exchanges for its stablecoin RLUSD launch, designed for enterprise use, integrating into Ripple's payment network, with an advisory board for market guidance.

theblock.co • 15/10/2024 - 12:00 PM

The Daily: Harris' first remarks on crypto, Silvergate exec reveals reasons behind shutdown, Bitfarms-Riot reach settlement agreement and more

Kamala Harris discusses crypto at a fundraiser while Bernstein highlights need for clarity. Silvergate's shutdown, Ether's performance, and Bitfarms/Riot settlement are also key topics.

theblock.co • 23/09/2024 - 17:14 PM

Currency