Kevin Warsh officially became the chairman of the United States Federal Reserve on Friday, taking the oath of office administered by Supreme Court Justice Clarence Thomas. The Federal Open Market Committee voted unanimously to select Warsh for the role. Trump…
Key Takeaways US President Donald Trump has formally sent Kevin Warsh’s nomination to the US Senate to serve as the next chair of the Federal Reserve Board of Governors, the White House confirmed Wednesday. Warsh, who has previously expressed favorable…
Key Takeaways In a significant development, the Federal Reserve said it will discontinue a supervisory programme introduced in 2023 to oversee banks engaged in activities linked to crypto assets and distributed ledger technology. In a notice released on Friday, the…
Key Takeaways On May 23, the U.S. House of Representatives passed the CBDC Anti-Surveillance State Act with a largely partisan vote of 216 to 192. The bill, introduced by House Majority Whip Tom Emmer (R-Minn.), aims to block the Federal…
In a recent speech at the Salzburg Global Seminar, Federal Reserve Bowman emphasized the need for global regulators to address the supervision of emerging banking activities, specifically highlighting banking as a service and digital assets.
Following the collapse of a high-profile Silicon Valley bank, the price of the world's largest cryptocurrency by market capitalization has skyrocketed
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."
Federal bank regulatory bodies released a joint statement outlining the liquidity risks to banking institutions linked to specific financing sources from entities involved with crypto assets
Key Takeaways The Federal Reserve has issued its annual survey on Americans’ financial lives, which suggests that they are more likely to use cryptocurrency as an investment tool than as a payment method. Low-income people were also shown to be…
President Biden announced his intent to nominate Michael Barr as the next Vice Chair for Supervision of the Federal Reserve. According to President Biden Michael brings the expertise and experience necessary for this important position. Yesterday in a statement President…
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