Tag: FDIC
USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
USDC issuer Circle Internet Financial said late Friday it "awaits clarity" from federal banking regulators on the status of its deposits at Silicon Va [...]
Silvergate reportedly talks with FDIC on ways to avoid shutdown
United States banking regulators have reportedly been sent to Silvergate's headquarters in La Jolla, California — looking for ways to save the crypto- [...]
Silvergate Talking With FDIC About How to Save Crypto-Focused Bank: Bloomberg
FDIC examiners met with Silvergate management at its headquarters in California last week.
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FDIC warns CEX.IO and its reviewers to remove potentially false claims about insurance
The United States Federal Deposit Insurance Corporation (FDIC) has sent a letter to executives of cryptocurrency exchange CEX.IO warning them that the [...]
FDIC Tells Crypto Exchange CEX.IO to Stop Claiming US Dollars Held in Its Wallets Are Insured
The agency said that a section of CEX.IO’s website inaccurately states that “U.S. dollars held in your CEX.IO fiat currency wallet are FDIC-insured up [...]
New York financial regulator investigates Gemini over FDIC claims: Report
New York State’s Department of Financial Services is reportedly investigating cryptocurrency exchange Gemini over claims the firm made in regards to a [...]
Crypto Exchange Gemini Emphasized FDIC Insurance in Communications With Earn Customers: Report
Gemini reportedly claimed repeatedly that its the assets of customers using its Earn product were safe thanks to being backed by the FDIC
www.coindes [...]
New York Regulator Investigating Crypto Exchange Gemini Over FDIC Claims: Report
Around $900 million is estimated to be frozen on the platform as a result. Gemini itself blamed the halt on a similar freeze at the now bankrupt crypt [...]
FDIC to prioritize crypto risk assessment as banks perform poorly in Q2
Economic uncertainty amid geopolitical tensions, rising interest rates and slowing economic growth have put a strain on the United States financial sy [...]
FDIC acting chair says no crypto firms or tokens are backed by agency
Federal Deposit Insurance Corporation acting chair Martin Gruenberg said the agency does not back any crypto firms in the United States, nor does its [...]
White House Goes Back to the Future With FDIC Chair Pick Gruenberg
Gruenberg, who has served on the FDIC board for a record 17 years after working for Democrats on the Senate Banking Committee, has been a reliable pro [...]
US President Biden announces pick for FDIC chair
United States President Joe Biden announced he would be nominating Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin Gruenberg to assum [...]
Acting US FDIC head cautiously optimistic about permissioned stablecoins for payments
Acting United States Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg spoke Oct. 20 about possible applications of stablecoins a [...]
How FDIC insurance could bring Bitcoin to the masses
Over the years, several cryptocurrency companies have claimed that deposits with them were insured by the United States Federal Reserve and the Federa [...]
Stablecoins Could ‘Fundamentally Alter’ Banking System, Says US FDIC Chief
Stablecoins could have such a profound effect on the established banking system that U.S. regulators need to require that the digital tokens fit in wi [...]