Jan 23, 2025 · WASHINGTON – Today, the Federal Deposit Insurance Corporation (FDIC) released 175 documents related to its supervision of banks that engaged in, or sought to engage in, crypto-related activities.Acting Chairman Travis Hill issued the following statement in connection with the release:

Jan 5, 2023 · The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (collectively, the agencies) are issuing a joint statement on crypto-asset risks to banking organizations.

Jul 28, 2022 · By federal law, the FDIC only insures deposits held in insured banks and savings associations (collectively, “insured banks”) and only in the unlikely event of an insured bank’s failure. The FDIC does not insure assets issued by non-bank entities, such as crypto companies.

According to the FDIC, it is taking a deliberate and cautious approach to bank participation in crypto-related activities. As stated in Executive Order 14067, crypto assets present numerous opportunities to foster innovation and cost savings. The FDIC has an opportunity to take actions to uphold the United States’ interests in the financial sector.

Oct 18, 2023 · We made two recommendations for the FDIC to: (1) establish a plan with timeframes for assessing risks pertaining to crypto-related activities and (2) update and clarify the supervisory feedback process related to its review of …

The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) are issuing the following statement on crypto-asset1 risks to …

Jan 3, 2023 · Federal bank regulatory agencies today issued a statement highlighting key risks for banking organizations associated with crypto-assets and the crypto-asset sector and describing the agencies' approaches to supervision in this area.

The Federal Deposit Insurance Corporation (FDIC) released today 175 more documents that expose how banks attempting to explore crypto were blocked, delayed, and outright ignored under federal ...

Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) are issuing this statement on the liquidity risks presented by certain sources of funding from crypto-asset

1 day ago · The Federal Deposit Insurance Corporation unexpectedly released a trove of documents on Wednesday detailing how the agency regulated banks’ approach to crypto. Travis Hill, the FDICS’s acting chairman, said the agency is taking steps to enhance transparency as lawmakers move to investigate a plot dubbed “ Operation Chokepoint 2.0 .”