U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act pitch
The Federal Reserve, Treasury and other regulators have issued a proposed rule that would set identification standards, and it’s now open for public comments.
Federal Reserve
Federal Reserve proposes limited master accounts long pursued by crypto firms
The U.S. Fed issued a revised proposal on the structure of payment accounts, taking the next step to build on an earlier pitch for so-called skinny accounts.
Trump orders government, Fed to review crypto firms’ access to payment rails
Donald Trump’s executive order asks the Fed to review how depository institutions may be granted access to payment services, an area the crypto industry is deeply involved with.
Senate confirms Kevin Warsh to Fed board ahead of expected Chair vote
Warsh’s confirmation to the Fed board positions the crypto-linked investor to replace Jerome Powell as chair amid inflation and digital asset policy debates.
Bitcoin’s rally faces key hurdle with Wednesday’s Fed meeting
Hot PPI inflation data in the morning and hawkish remarks by Powell in the afternoon would be the most damaging combination for risk assets, including crypto, Bitfinex analysts said.
Court closes Custodia fight with Federal Reserve just as Fed opens master-account door
Just days after the Federal Reserve granted a limited master account to Kraken, crypto bank Custodia’s years-long court battle with the Fed concludes in a loss.
March Fed rate cut odds collapse to near zero as recession fears fade
The odds that the Federal Reserve will cut its benchmark interest rate on March 18 have dropped to near zero … Continue reading
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Kraken’s surprise Fed win may harken onslaught of crypto firms with narrow Fed access
The Kansas City Fed may term this “Tier 3” access, but Kraken’s entry into the vaunted Fed payments system has riled bankers and raised crypto hopes.
U.S. Posts $345B August Deficit, Net Interest at 3rd Largest Outlay, Gold and BTC Rise
US spending surged to $689B in August as gold hit fresh highs near $3,670 and bitcoin crossed $115K.
Fed rate cut to trigger ‘sell the news’ in stocks, banking giant warns
Wall Street banking titan JPMorgan is cautioning investors that the Federal Reserve’s anticipated interest rate cut on September 17 could … Continue reading
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