Barr says the Fed has the tools to deal with crypto risk
Federal Reserve Deputy Chairman for Supervision Michael Barr says managing crypto risk for banks is already well within the capabilities of bank regulators. Ting Shen/Bloomberg The...
Tagged: AB – Policy and regulation
All eyes are on Fed VCS Barr to specify the way forward on crypto regulations
The Federal Reserve’s top regulator is set to deliver his first speech on cryptocurrency oversight this week. Fed Deputy Chairman for Supervision Michael Barr will provide...
‘Major question doctrine’ is on a collision course with crypto rules
Rear Adm. Grace Hopper was a remarkable person that too few of us have heard of. Born in 1906, she graduated from Vassar College with degrees...
OCC’s Hsu Suggests Crypto Needs ‘Consolidated Homeland Supervisor’
WASHINGTON — Acting Comptroller of the Currency Michael Hsu said crypto companies need a single consolidated supervisor — whether at home or abroad — and said...
The revived Lummis-Gillibrand crypto bill will not touch the Fed’s main accounts
WASHINGTON — Sen. Cynthia Lummis, R-Wyo., said she and Sen. Kirsten Gillibrand, D-N.Y., aim to reinstate their the crypto regulation bill in mid-April, and a spokesman...
‘Backdoor ban’ against crypto banking? Regulatory statements raise concerns.
Federal regulators say banks are free to serve crypto firms, but some in the industry question how feasible that will be in light of recent guidance....
Feds Waller: Innovations in the crypto sector should not be stifled
Federal Reserve Board Chairman Christopher Waller is no fan of cryptocurrency, but he believes the underlying technology may have value.Bloomberg Federal Reserve Board Governor Christopher Waller...
Lawmakers warn SBA to allow fintech borrowers into 7(a) program
In their first meeting since the Small Business Administration proposed opening its flagship 7(a) loan guarantee program to fintechs, Democrats and Republicans on the Senate Small...
Treasury advises banking regulators to finalize guidance on bank-fintech relationships
WASHINGTON – The Treasury Department, in a new report on financial technology, urged bank regulators to finalize guidance related to how banks manage third-party risk with...
House Republicans press OCC’s Hsu on bank-fintech partnership
WASHINGTON – A group of Republicans led by House Financial Services Committee Ranking Member Patrick McHenry, RN.C., wrote a letter to Acting Comptroller of the Currency...
