Stablecoins won't get any kind of deposit insurance under GENIUS rules, says FDI...
The chairman of the U.S. Federal Deposit Insurance Corp. made clear that even pass-through deposit insurance won't be allowed from...
Senate confirms Trump crypto-friendly nominees to take over CFTC, FDIC
In a package of confirmations, the U.S. Senate approved Mike Selig to lead the CFTC and Travis Hill to run the FDIC, both with maj...
U.S. FDIC proposes first U.S. stablecoin rule to emerge from GENIUS Act
The banking regulator began its formal rulemaking process to set up the procedures by which depository institutions can start stab...
U.S. Senate Rolls Toward Last Vote on Confirming Crypto Regulators at CFTC, FDIC...
In the prolonged process of the Senate, two key officials have faced a series of procedural steps on their way to a final vote, po...
Senate Banking Panel Advances FDIC's Travis Hill for Wider Confirmation Vote
The Senate Banking Committee voted along party lines to send FDIC Acting Chair Travis Hill's nomination to the wider Senate for a...
Trump Makes Travis Hill Pick Official as Choice to Run FDIC
Travis Hill has already been leading the FDIC, but President Donald Trump's nomination puts him up for the banking regulator's cha...