Republican Congressman Tom Emmer wrote a letter to the Chairman of the FDIC, Mark Gruenberg, voicing his concerns about the organization’s role in the closures of tech-friendly banks.
As we watch the Federal Reserve, FDIC and other agencies reassure the world that “everything is fine,” we also have to deal with the nauseating cacophony of small blockers pretending to be excited about global collapse because “Bitcoin fixes this.”
Silvergate has been living on borrowed time since it failed to file its latest financial report with the U.S. Securities and Exchange Commission by the already extended deadline.
The FDIC issued a cease and desist letter to CEX.IO demanding that it removes all references to FDIC insurance as the agency doesn’t cover digital assets.
Four U.S. officials urged Congress to heighten its regulatory approach toward the digital asset industry by laying out specific recommendations, including expanding the executive branch's power.
In legally ambiguous and vague language, Gemini repeatedly told its customers that funds were FDIC-insured, giving them false hope that their money was safe.
The two joined the FDIC in issuing a statement saying 2022’s events exposed the vulnerabilities of the sector, urging banks to keep digital currencies at arm’s length.
Martin Gruenberg, the man who previously expressed a desire to explore risks tied with virtual currencies, was nominated by President Joe Biden as the new FDIC head, pending Senate confirmation.
Jefferson Noel delves into the importance of financial literacy amid growing interest in digital assets and seeks to help common people gain insight into the industry through his Crypto Convos.
Thirty four employees critical of Voyager will get $1.6 million in bonuses following a court ruling, while investors fight to recover their monies as the digital assets lender faces bankruptcy.
Several digital asset entities were served cease-and-desist letters for falsely claiming that the FDIC insures a number of their crypto-related products.
FDIC insurance doesn’t protect against insolvency, default, or bankruptcy of any non-bank entity such as digital asset exchanges, custodians, or brokers.
