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Fed: Stablecoin growth poses structural vulnerabilities

The value of outstanding stablecoins grew roughly fivefold last year, the Federal Reserve said in its 2021 annual report.

Aug 01, 2022
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Article
Digital Assets Technology

FDIC issues fact sheet, advisory on crypto deposit insurance claims

The FDIC published a fact sheet to consumers and an advisory to financial institutions on FDIC deposit insurance and crypto companies.

Aug 01, 2022
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Article
Digital Assets Technology

Senate spending deal excludes ICBA-opposed policies

The Senate budget reconciliation deal announced this week by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) excludes several proposed tax provisions strongly opposed...

Jul 29, 2022
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Article
Taxes & Budget

Senate drops postal banking funding from appropriations bill

Senate appropriators dropped an ICBA-opposed legislative proposal to expand the U.S. Postal Service’s banking pilot after ICBA urged lawmakers to block the plan.

Jul 29, 2022
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Article
Postal Service Banking