United States Financial News

16.03 / 00:49

regulation Federal Reserve Signature Bank regulatory Senator Warren says Fed chair 'has to recuse himself' from reviewing regulatory failures

Massachusetts Senator Elizabeth Warren, one of the more prominent anti-crypto voices in the United States Congress, has called on Jerome Powell to recuse himself amid an internal probe at the Federal Reserve.

16.03 / 00:49

business FTX Court Bankruptcy Fried Sam Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees

Sam Bankman-Fried is seeking to use FTX's insurance policies to cover his legal expenses, according to a court filing on March 15.

15.03 / 20:19

regulation Congress Signature Bank lawmaker US lawmaker accuses FDIC of using banking instability to attack crypto

Tom Emmer, Majority Whip of the United States House of Representatives, has reiterated concerns that the federal government is “weaponizing” concerns around the banking industry to go after crypto.

15.03 / 10:31

business Adoption SVB mixup forces India's SVC Bank to issue a notice of clarification

The shockwaves caused by the collapse of Silicon Valley Bank (SVB) were felt by countless businesses, including a bank from India that had no relation with the California-based banking institution.

15.03 / 10:31

Binance regulation SEC us government Court Bankruptcy US officials appeal protections for Voyager execs in Binance.US sale

United States officials want to remove a provision included in bankrupt lender Voyager Digital’s plan to sell its digital assets to crypto exchange Binance.US that would prevent them from legally pursuing anyone involved with the sale.

15.03 / 07:51

business regulation coinbase Banks Volatility Crypto.com regulatory Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty

Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its decision.

15.03 / 07:29

regulation SEC Bloomberg banking Signature Bank Signature Bank investigated for money laundering prior to demise: Report

The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse.

14.03 / 23:25

markets business Blockchain Fraud Banks banking Signature Bank and former executives sued by shareholders for alleged fraud

On March 14, a class action lawsuit was filed against the recently shut down crypto-friendly, New York-based Signature Bank, and its former chief executive office, Joseph DePaolo, chief financial officer, Stephen Wyremski, and chief operating officer, Eric Howell, for allegedly committing fraud Reuters reported.

14.03 / 15:55

Technology Law Adoption regulation Court Threat rights Wyoming’s private keys bill addresses growing threat to rights and assets

Governor Mark Gordon of the U.S. state of Wyoming recently signed a bill preventing the forced disclosure of private keys in a move to protect the privacy of digital asset owners.

14.03 / 11:29

business regulation Federal Reserve Bankruptcy Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors

The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted millions of businesses, venture capitalists and bottom-line investors alike. However, US President Joe Biden assured that no American taxpayer would feel the burn as the federal government takes action to protect the affected depositors.

14.03 / 04:43

business Banks banking Silicon Valley FDIC to attempt another auction of Silicon Valley Bank: Report

Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second attempt at finding a buyer for the now-collapsed bank.

13.03 / 22:43

regulation Silicon Valley Signature Bank US regulators US regulators shut down Signature Bank despite 'no insolvency': Report

Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly Signature Bank as part of a seeming show of force.

13.03 / 17:49

Law CFTC SEC Congress Bitcoin crypto donations State caps or federal regulation: What's next for political crypto donations

On Jan. 25, the Committee on Elections introduced a bill to the Kansas House of Representatives aimed at capping political donations via crypto at $100. Regardless of the success of this legislative initiative, the state of Kanzas won’t be the first jurisdiction to target anonymous donations. From authoritarian nations like Russia or China to electoral democracies like Ireland or Canada, one can find recent attempts to ban crypto donations to politicians all around the globe.

13.03 / 15:07

business Government Stablecoin Banks banking Usd Coin BNY Circle taps Cross River as banking partner, expands ties with BNY Mellon

Circle has revealed that Cross River Bank — recognized for its services to fintech and crypto firms like Visa and Coinbase — is now its new commercial banking partner for producing and redeeming USD Coin (USDC).

13.03 / 10:17

business Binance regulation SEC Court U.S. saga Binance US, Alameda, Voyager Digital and SEC — the ongoing court saga

Over the last year, a series of court cases have struck the crypto industry. Bankruptcy, liquidity issues and fraud have caused the industry to fall under the microscope of regulators around the world.

13.03 / 08:29

business Blockchain Technology Banks banking Bitcoin ‘Nobody left to bank crypto companies’ — Crypto Twitter reacts

Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community.

13.03 / 02:05

business Banks Federal Reserve Central Bank banking US Fed announces $25B in funding to backstop banks

Hot on the heels of several United States bank collapses, the Federal Reserve has announced $25 billion worth of funding aimed at backstopping banks and other depository firms.

13.03 / 00:41

business defi Silicon Valley Silicon Valley Bank collapse: Everything that’s happened until now

The sudden collapse of Silicon Valley Bank (SBV) has quickly unfolded over the course of three days, depegging stablecoins, leading regulators in the United States and United Kingdom to prepare emergency plans and raising fears among small businesses, venture capitalists and other depositors with funds stuck at the California tech bank.

12.03 / 22:43

business Silicon Valley Bank of London bids to acquire Silicon Valley Bank's UK arm

Global clearing institution Bank of London has submitted a formal proposal to acquire the Silicon Valley Bank's subsidiary in the United Kingdom, according to a statement disclosed by Reuters on March 12.

12.03 / 21:53

business regulation Banks Silicon Valley U.S. authorities preparing 'material action' to curb SVB contagion

United States authorities are working on "material action" over the weekend in an attempt to limit the ripple effect across the country's banking system after the Silicon Valley Bank abruptly collapsed on March 10.

12.03 / 20:39

business regulation Banks Silicon Valley FDIC bidding for Silicon Valley Bank is in progress: Report

The United States Federal Deposit Insurance Corporation (FIDC) started an auction process on March 11 night for Silicon Valley Bank, Bloomberg reported citing unnamed sources. Bids are allegedly open for just a few hours, before the process closes later this Sunday.

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