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SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions

[Jul 2 6:36 PM] The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate…

Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments

[Aug 11, 2023 4:30 PM] Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and…

US Fed steps up oversight of banks' involvement with crypto firms

[Aug 8, 2023 5:11 PM] The limitations set out in the Federal Reserve’s new Program provides additional measures to its original policy statement laid out in January.

‘How did this happen’ — Powell says Fed stumped over the collapse of SVB

[Mar 22, 2023 8:36 PM] In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.”

Crypto Bank Custodia Denied Membership in US Federal Reserve System

[Jan 29, 2023 5:30 AM] The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal…

US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities

[Jan 28, 2023 1:30 PM] The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a…