The report citing sources states that FDIC will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms.
Fed claims the Bank Term Funding Program would be an "additional source of liquidity against high-quality securities, eliminating an institution's need to quickly sell those securities in times of stress."
Behnam asserted that it "would not have allowed" Ether futures products to be listed on CFTC exchanges if it "did not feel strongly that it was a commodity asset."