Federal Reserve

Federal Reserve

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)

Policy

U.S. Federal Reserve researchers sing praises of prediction markets

A deep look at predictions on Kalshi called such platforms valuable to policymakers and researchers, according to a new Fed paper.

Kalshi website on a laptop.

Policy

Fed's Neel Kashkari calls crypto 'utterly useless,' dismisses stablecoins as 'buzzword salad'

The Minneapolis Fed president said stablecoins don’t beat Venmo and argued crypto fails basic real-world tests.

Minneapolis Federal Reserve Bank President Neel Kashkari (Fox News)

Markets

Anatomy of bitcoin's plunge this week: The dollar's bottom was BTC's top

It seems like ages ago, but bitcoin rose to just shy of $91,000 on Wednesday. Then the U.S. dollar started to strengthen.

Dolar rises, bitcoin falls

Policy

Bitcoin is the 'newest, coolest software': Inside Kevin Warsh’s complicated crypto history

The former Federal Reserve governor has invested in crypto firms, criticized bitcoin’s role as money and argued for a U.S. digital dollar.

Kevin Warsh. (Chung Sung-Jun/Getty Images/Modified by CoinDesk)

Markets

Hedge fund billionaire Stan Druckenmiller on Warsh as Fed chair: ‘no one better equipped’

The conventional wisdom on Trump's pick for Fed chair says he's a hawk. Stanley Druckenmiller, who made billions fading conventional wisdom, suggests that's not necessarily so.

Kevin Warsh with Stanley Druckenmiller

Policy

President Donald Trump nominates Kevin Warsh as Fed Chair

The president confirmed his pick on Friday to replace the incumbent Jerome Powell when his term ends in May.

U.S. President Donald Trump (Nikhilesh De/CoinDesk)