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As crypto regulations continue to take shape in the US, the Federal Deposit Insurance Corporation (FDIC) has issued a notice of proposed rulemaking to extend Bank Secrecy Act (BSA) and economic sanctions compliance standards to FDIC-supervised Permitted Payment Stablecoin Issuers (PPSIs). The move aims to bring digital asset issuers further within the compliance architecture that […]
Read full articleLaw and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. This Week in Crypto Law The opinion editorial below was written by Alex Forehand and Michael Handelsman for Kelman.Law. We’re back after a week off. This week in […]
The FDIC advanced a proposed rule that would set Bank Secrecy Act and sanctions compliance standards for bank-linked stablecoin issuers. The measure would apply to FDIC-supervised stablecoin issuers and include anti-money laundering oversight, Treasury Department consultation, and enforcement provisions. FDIC Advances Stablecoin Compliance Rule Under GENIUS Act The Federal Deposit Insurance Corporation (FDIC) announced on […]
An FDIC report on three failed banks stated that depositors tied to the digital asset sector and active escrow accounts were more likely to move funds during the fastest bank runs in U.S. history. The study said Signature Bank’s active escrow deposits fell 88%. Digital Asset Depositors Moved Faster During Bank Stress The Federal Deposit […]
Outdated financial regulations risk enabling rapid AI-driven crimes, urging a tech-driven overhaul to protect investors and enhance compliance. The post TRM Labs warns Congress the Bank Secrecy Act is outdated for AI-driven financial crime appeared first on Crypto Briefing.
Warsh's crypto-friendly stance at the Fed could foster regulatory shifts, potentially boosting digital asset integration into mainstream finance. The post Bitcoin holds near $77,000 as Kevin Warsh prepares to lead Fed appeared first on Crypto Briefing.
A House subcommittee hearing exposed a divide over how far to scale back the 1970-era anti-money laundering law as Trump expands its reach.
Japan's renewed oil imports highlight shifting global energy dynamics, while Iran's crypto tolls could reshape sanctions and crypto regulations. The post Japan set to receive first Persian Gulf oil shipment since Iran war began appeared first on Crypto Briefing.
The executive order accelerates banks' crypto integration, potentially reshaping global finance and increasing digital asset adoption. The post BitGo’s Luis Ayala says Trump’s executive order pressures banks to adopt Bitcoin appeared first on Crypto Briefing.
