Federal Reserve

Federal Reserve

News Analysis

Trump's DOJ drops probe that stood in way of president's pick to run Federal Reserve

The Justice Department passed an investigation of Fed Chair Jerome Powell to the Fed's own inspector, which could clear a confirmation path for Kevin Warsh.

Kevin Warsh, nominee to be Fed chair (Andrew Harnik/Getty Images)

Markets

Bitcoin slides toward $75,000 amid Warsh hearing, stalling U.S.-Iran talks

The S&P 500 and Nasdaq gave back their early morning gains alongside BTC as markets digested the Fed Chair nominee's Senate confirmation hearing and report of stalled Iran talks.

Fed Chair Kevin Warsh (Andrew Harnik/Getty Images)

Markets

Bitcoin faces near-term pressure as liquidity tightens, Hilbert Group CIO says

Russell Thompson warned of a sharp tightening in global liquidity that could weigh on risk assets and bitcoin in the near term, before expected U.S. policy action provides relief.

U.S. Federal Reserve headquarters in Washington (Jesse Hamilton/CoinDesk)

Markets

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.

Federal Reserve Chair Jerome Powell

Policy

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.

Avanti CEO Caitlin Long (CoinDesk archives)

Markets

Next week could spice things up for bitcoin as seven central banks face an inflation test

Seven major central banks, including the Federal Reserve, will issue rate decisions next week just as war-driven oil price spikes raise fresh concerns about global inflation.

Globe (Subhash Nusetti/Unsplash)

Policy

U.S. banking agencies say capital should be same for standard or tokenized securities

The Federal Reserve and other banking regulators clarified that the capital tally in banks needs identical treatment whether securities are tokenized or not.

Jefferies quietly becomes a power player in crypto investment banking. (Unsplash)

News Analysis

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. Federal Reserve headquarters in Washington (Jesse Hamilton/CoinDesk)

Finance

Kraken becomes first crypto company to secure Fed master account access

The approval lets Kraken speed up deposits and withdrawals for large traders and institutional clients, but is limited.

Kraken on phone (PiggyBank/Unsplash, modified by CoinDesk)

Policy

Fed proposes rule to deal with crypto debanking by scrapping 'reputation risk'

The proposal would cut the risk factor from Fed oversight and bar supervisors from pushing banks to cut off disfavored businesses, including in crypto.

U.S. Federal Reserve Board in Washington (Jesse Hamilton/CoinDesk)