The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle
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Lawmakers Question SEC Over Disruptive Crypto Custody Rules
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
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Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies
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
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Coinbase Sues SEC, FDIC for Transparency on Crypto Regulations
Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC) to obtain documents on their approaches
Read moreCoinbase sues SEC and FDIC over FOIA requests
Coinbase’s lawsuits target the SEC and FDIC for alleged non-compliance with FOIA requests regarding Ethereum’s PoS transition.
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Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide
While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four
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