Banking Regulation

The Reality Behind the Crypto Banking Crackdown: ‘Operation Choke Point 2.0’ Is Here
Banking enforcement targeting legal crypto businesses appears to violate the FDIC's mandate. It may also be amplifying financial contagion.

Signature Bank’s Prospective Buyers Must Agree to Give Up All Crypto Business: Reuters
The Federal Deposit Insurance Corp. later denied Reuters' reporting.

Banking Crisis in U.S. Likely to Push Crypto Firms Offshore
Switzerland, Lichtenstein and island jurisdictions are among the potential benefactors of the trend.

U.S. Fed’s Supervision Chief Investigating What Happened With Silicon Valley Bank
The Federal Reserve’s vice chairman for supervision, Michael Barr, is digging into the bank failure, the U.S. central bank announced.

Federal Reserve’s Powell: We Don’t Want to Strangle Crypto Innovation, but Sector Is a Mess
The central bank's chairman said the Fed is sticking to its warnings that banks should be “quite cautious” about getting involved in digital assets.

Crypto’s Banking Problem Is Not Ironic
Call it Choke Point 2.0, debanking or whatever, the crypto industry’s problems with the banking industry show why the banking industry needs reform.

Restrictive Crypto Rules for EU Banks Confirmed in Published Legal Draft
Banks in the European Union would have to treat crypto as the riskiest kind of asset and disclose exposures while awaiting more detailed rules.

Aspiring Crypto Bank’s Plight Shows Binance’s Issues Are Just Part of the Story
Custodia Bank’s membership rejection by the Federal Reserve Board is more alarming for crypto banking than the recent troubles of Binance, Juno and Signature Bank combined.

EU Lawmakers Impose ‘Prohibitive’ Requirements on Banks’ Crypto Holdings
The vote in the European Parliament's Economic and Monetary Affairs Committee is intended to anticipate international bank-capital norms.

European Banks Must Fully Cover Crypto Holdings With Capital, Draft Text Says
A leaked proposal that faces a vote on Tuesday deems crypto assets to be the riskiest kind, in line with emerging international guidelines

