FDIC
US Banking Regulators Warn Banks About Crypto Liquidity Risks
The Federal Reserve and other agencies issued another statement about crypto market vulnerabilities as a threat to U.S. banking.
FDIC Tells Crypto Exchange CEX.IO to Stop Claiming US Dollars Held in Its Wallets Are Insured
The agency issued a cease-and-desist letter on Wednesday.
LevelField CEO on Protecting Crypto Transactions
Banking startup LevelField is aiming to become the first FDIC-insured bank to offer digital asset services following its acquisition of Burling Bank. CEO Gene Grant II explains how crypto transactions will be protected, saying, "we're going to be very careful to do to make sure that our customers are not mistakenly led to believe that their digital assets ... are covered by FDIC insurance."
LevelField CEO on Aiming to Become First FDIC-Insured Institution to Offer Crypto Services
Banking startup LevelField is aiming to become the first FDIC-insured bank to offer digital asset services following its acquisition of Burling Bank. LevelField Financial CEO and Founder Gene Grant II discusses their offerings of cryptocurrency-related services. Plus, the significance of educating the clients on the risk of crypto transactions since it's an asset class that remains uninsured even if LevelField becomes an FDIC-insured bank.
Banking Startup LevelField Aims to Become First FDIC-Insured Institution to Offer Crypto Services
LevelField inched closer to its goal of offering both traditional and crypto banking services following its acquisition of the FDIC-insured Burling Bank.
Crypto Exchange Gemini Emphasized FDIC Insurance in Communications With Earn Customers: Report
Gemini reportedly repeatedly implied that the assets of customers using its Earn product were safe thanks to being backed by the Federal Deposit Insurance Corp.
FTX Fallout: Nimble CEO Says Crypto Needs an FDIC-Like System
Decentralized Insurance protocol Nimble founder and CEO Adam Hofmann discusses why he thinks a decentralized FDIC-like system should be deployed to protect users in the wake of FTX's collapse and usher mass adoption of blockchain technology.
After Months at Arm’s Length, Sen. Brown Opens Door for Crypto Legislation
The chairman of the Senate Banking Committee – the missing ingredient in previous efforts – has invited Treasury Secretary Janet Yellen to start working with him on legislation.
Crypto Needs an FDIC-Like Protocol to Prevent Liquidity Crises
How does the FTX fallout resemble the history of bank runs?
Crypto a besoin d'un protocole de type FDIC pour prévenir les crises de liquidité
En quoi les retombées du FTX ressemblent-elles à l’histoire des paniques bancaires ?