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Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi

[Oct 5 3:30 AM] Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be…

Lawmakers Question SEC Over Disruptive Crypto Custody Rules

[Sep 24 11:20 PM] Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question…

Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies

[Jul 10 3:31 PM] The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies…

Veteran Trader Peter Brandt Warns of SEC’s Full-Scale Assault on Crypto Staking — ‘It’s Going to Be a Bloodbath’

[May 11 4:15 PM] Veteran trader Peter Brandt has predicted a severe regulatory crackdown on cryptocurrency staking by U.S. regulators, including the Securities and Exchange Commission (SEC). “It’s going to be a bloodbath,” he warned, cautioning…

U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud

[Nov 7, 2023 10:53 AM] Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency.

What in the World Is Going on With Crypto Regulation?

[Aug 10, 2023 9:45 AM] Regulatory clarity has fueled crypto bull markets, demonstrated by Japan's 2016 adoption of crypto as payment and OCC's 2020 endorsement of crypto engagement. While global strides in clear crypto regulations are evident, particularly in Hong Kong…

Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight

[Aug 3, 2023 2:50 PM] Figure Technologies, Inc., has pulled its application to become a federally chartered bank in the U.S., ending a three-year rollercoaster ride as regulators clamped down on crypto activity and digital assets banking suffered a black eye when…

That Binance Suit Sure Seems Bigger Than Just a CFTC Case

[Mar 29, 2023 2:09 PM] Between Coinbase, Binance, Justin Sun, Do Kwon and Custodia, there has been just so much news over the last week. And that’s largely just the U.S. But Binance is the most interesting, not only for what happened (the Commodity Futures Trading…

The Short-Sightedness of Run-Amok Regulators

[Mar 29, 2023 10:44 AM] Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.

Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

[Mar 28, 2023 4:00 PM] According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation…

Bitcoin Will Be Stronger Despite Attacks From the US, Says HRF’s Executive

[Mar 24, 2023 7:40 AM] Alex Gladstein, the Chief Strategy Officer (CSO) of the Human Rights Foundation (HRF), believes Bitcoin will emerge stronger than ever despite “attacks” from the United States government. Bitcoin Will Survive Attacks In a tweet on March…

'Operation Choke Point 2.0' may have contributed to SVB collapse: Mulvaney

[Mar 21, 2023 8:49 PM] While the existence of "Operation Choke Point 2.0" has not been confirmed, Mick Mulvaney spoke of “rumors” of its existence and the potential side effects of such a policy.

Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty

[Mar 14, 2023 10:47 PM] It's unclear whether Anchorage Digital’s layoffs relate to the current turmoil in the U.S. banking sector.

US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks

[Feb 24, 2023 8:00 PM] U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services…

US Regulators and the Fed Jointly Issue Crypto Warnings

[Jan 4, 2023 8:30 PM] The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and…

Approach with caution: US banking regulator’s crypto warning

[Dec 8, 2022 11:23 PM] The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management.