FDIC Chief Says Stablecoins Won’t Get Deposit Insurance
TLDR FDIC Chairman Travis Hill said stablecoins will not qualify for federal deposit insurance under the GENIUS Act. The FDIC plan...
Fed, FDIC, OCC Clear Tokenized Assets for Bank Balance Sheets
TLDR: The Fed, OCC, and FDIC confirmed tokenized securities get identical capital treatment to traditional assets at U.S. banks. B...
Stablecoins Gain Federal Backing as CFTC Expands Issuer List
TLDR: The CFTC update formally includes national trust banks as approved issuers of payment stablecoins for derivatives margin use...
Metropolitan Capital Bank Failure Marks First U.S. Banking Collapse of 2026
TLDR: Metropolitan Capital Bank & Trust closed by Illinois regulators due to unsafe conditions and weak capital reserves. First I...
OCC Files Amicus Brief Defending Federal Rate Authority for State-Chartered Bank...
TLDR: The OCC amicus brief challenges a Tenth Circuit panel ruling affecting state bank rate authority. The agency says the decis...
U.S. Banks Cleared to Issue Stablecoins as FDIC Moves to Implement GENIUS Act
U.S. banks are cleared to issue stablecoins after the FDIC released draft rules under the GENIUS Act outlining how regulated insti...
FDIC Advances Stablecoin Application Framework Under GENIUS Act
TLDR The FDIC approved a proposed rule to create an application process for payment stablecoin issuance through subsidiaries. Appl...
Senate Committee Advances Travis Hill’s Nomination to Lead FDIC
TLDR The Senate Committee on Banking, Housing, and Urban Affairs voted 13-11 to advance Travis Hill’s FDIC nomination. Hill advoca...
FDIC Plans Guidance on Tokenized Deposits, Stablecoin Applications
The FDIC plans to issue guidance on tokenized deposits and introduce a stablecoin application process by late 2025.The post FDIC...