SEC Crypto Lawsuits Raise Questions About Industry’s Future
Industry leaders say that, with their latest actions, U.S. regulators are more clearly signaling that they seek to ensure cryptocurrency has no room in the traditional financial system.
Fed Urges Crypto Caution for Banks
While the biggest news to come out of Fed Chair Jerome Powell’s regular testimony before Congress was his willingness to make aggressive interest rate hikes to cool the economy, he also revealed that the central bank is worried about American financial institutions’ work in the crypto space.
Federal Reserve Rejects Wyoming Crypto Bank’s Application
The Federal Reserve Board has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership, officials announced Friday, dealing a setback to the crypto industry’s attempts to build acceptance in mainstream U.S. banking.
Fed’s Top Financial Regulator Urges ‘Guardrails’ for Crypto
The top U.S. banking regulator at the Federal Reserve is urging Congress to pass legislation that would impose regulation on crypto currencies in the wake of the swift collapse last week of FTX, a leading crypto exchange.
BankProv Suffers Likely Loss from $28M Loan Failure
Amesbury-based BankProv announced Tuesday that a soured $28 million loan to a bitcoin mining company will create a hit to its third-quarter earnings.
Boston Payments Company Circle Acquires Crypto Exchange Poloniex
The Boston-based payments company Circle has purchased the U.S. cryptocurrency exchange Poloniex, Circle Founders Sean Neville and Jeremy Allaire announced in a blog post yesterday.
