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The unlikely crypto companies using the Trump-era 'hot money' rule

Coinbase, Paxos, MetaBank and PayPal all claim the primary purpose exception, which allows companies to place deposits at banks without limits applied to brokered deposits. ....

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OCC's updated civil money penalty policy turns the screws on big banks

The revised policy increased maximum penalties for the largest banks, outlined stronger accountability measures and expanded the OCC's authority to restrict business activities. ....

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More Crypto Weaknesses Exposed as Some Take Advantage of FTX Collapse

They don’t have the money on hand to pay everyone if everyone wants to cash out at the same time. ....

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Fed's Barr says banks should be cautious with crypto partners

The vice chair for supervision warned banks to be on the lookout for liquidity risks and illegal activity when dealing with the crypto sector. ....

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Treasury Recommends Moving Forward on CBDC Analysis and Encouraging Use of Instant Payments | Davis Wright Tremaine LLP

The U.S. Department of Treasury, in coordination with various federal entities, released three anticipated reports on digital assets: (i) a U.S. central bank digital currency (CBDC). ....

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