Latest from Nikhilesh De
OCC, Fed, FDIC Mulling Forming an Interagency Policy Team on Crypto
"Prior to this meeting, Vice Chair Quarles, Chair McWilliams and I had talked about potentially putting together an interagency policy sprint team just on crypto because of exactly the concerns you've described," Hsu said.
Crypto Traders Can Automate Legal Requests With New DoNotPay Services
A service that started with parking tickets has now found its way to the crypto markets.
New OCC Chief Signals Greater Caution on Crypto
"We created an Office of Innovation, updated the framework for chartering national banks and trust companies, and interpreted crypto custody services as part of the business of banking. I have asked staff to review these actions," Acting Comptroller Michael Hsu said.
State of Crypto: Meet Lael Brainard, the Fed's CBDC Champion
Last year, Federal Reserve Governor Lael Brainard announced the Boston branch of the U.S. central bank was exploring a digital dollar. She’ll be speaking next week at Consensus.
Tether's First Reserve Breakdown Shows Token 49% Backed by Unspecified Commercial Paper
The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General.
Facebook-Backed Diem Partners With Silvergate Bank to Issue US Dollar Stablecoin
Diem is moving its "primary operations" from Switzerland to the U.S.
SEC Staff Calls Bitcoin ‘Highly Speculative,’ Hints at ETF Skepticism
SEC staff intend to determine whether the "bitcoin futures market could accommodate ETFs," the note said.
US Senator Proposes Making Distributed Ledgers ‘Key Technology Focus’
Wyoming's Cynthia Lummis wants the U.S. government to make blockchain a priority.
FDIC Chief Says Agency Wants to Know More About Digital Assets
"At the FDIC we have been watching [digital asset] developments closely, and plan to issue a request for information to learn more," Jelena McWilliams said.
State of Crypto: Gary Gensler's Regulatory Clarity Sounds Awfully Familiar
Gary Gensler said Congress should provide clarity around crypto exchange regulation. A 2020 bill sought to do just that.
