Coinbase Sues SEC and FDIC for FOIA Noncompliance
Coinbase sued the FDIC and the United States SEC on June 27.
Tag FDIC
CoinCodeCap WeekInFocus: March 17, 2024
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
FDIC Urges Enhanced Digital Asset Policy to Conserve US Influence
In a speech on March 11, the US FDIC warned that if blockchain technology regulation is handled poorly, bank clients and the US economy may lose out on prospects.
Inspector General Urges FDIC to Enhance Crypto Risk Assessment Process
The FDIC's OIG released an assessment report on the FDIC's approach to managing the risk associated with crypto.
Former Voyager Digital CEO Faces CFTC and FTC Lawsuits for Fraud
Stephen Ehrlich is the target of concurrent lawsuits brought by the FTC and the United States CFTC.
FDIC Targets Closed Crypto Firm Unbanked for Alleged Misleading Claims
Key Takeaways On Friday, the U.S. Federal Deposit Insurance Corporation (FDIC) took action against crypto fintech firm Unbanked, Inc., issuing a cease and desist notice in response to alleged false and misleading claims regarding its insurance status. The FDIC accuses…
FDIC Issues Warning to OKCoin over ‘False’ Insurance Claims
The FDIC cautioned the OKX-affiliated exchange that it might be illegal to use its name to establish trust.
FDIC Points to Mismanagement and Risky Crypto Deposits for Signature Bank’s Failure
As per the FDIC, inadequate risk management procedures and poor management were the main contributors to the failure of SBNY.
Potential Signature Bank buyers asked to stop crypto business by FDIC: Report
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.
NYDFS Probes Crypto Exchange Gemini Over FDIC Claims
Gemini Earn, a product of Gemini Trust Company, has come under scrutiny recently after a report indicated users had been misled about FDIC coverage.
