Michael Barr – DIGIT INFO

Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

DIGIT — Wed, 29 Mar 2023 23:19:56 +0000

On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday […]

Go to Source

‘How did this happen’ — Powell says Fed stumped over the collapse of SVB

DIGIT — Thu, 23 Mar 2023 03:54:58 +0000

In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.”

Go to Source

US Fed to create new crypto team amid concerns about unregulated stablecoins

DIGIT — Fri, 10 Mar 2023 05:15:00 +0000

The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system.

Go to Source

US lawmakers argue SEC accounting policy places crypto customers at risk

DIGIT — Fri, 03 Mar 2023 05:56:35 +0000

While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators.

Go to Source

Former Ripple advisor set to become Comptroller of the Currency: WSJ

DIGIT — Thu, 21 Jan 2021 04:54:49 +0000

President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of the Currency.

Go to Source