Relationship building is a hedge against debanking — OKX exec
Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities. Go to Source
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Metallicus acquires fintech operator connected to 70 credit unions
The acquisition brings Metal blockchain solutions to Bonifii’s portfolio of credit unions. Go to Source
Trump team seek ways to slim or abolish banking regulators: WSJ
Trump’s team is asking whether the president-elect could nix financial industry regulators or combine them together, according to a Wall Street Journal report. Go to Source
Judge slams FDIC’s ‘lack of good-faith’ in censoring crypto letters to banks
A US federal judge has ordered the FDIC to redo and resubmit redactions it made to crypto “pause letters” it sent to financial institutions. Go to Source
Charles Schwab incoming CEO: ‘I have not bought crypto, and now I feel silly’
Rick Wurster, who will take the chief executive role next year, says he still has no plans to buy crypto but wants to support Schwab clients that do. Go to Source
Sen. Warren to be top Democrat on committee crucial for crypto policy
After Ohio Senator Sherrod Brown lost reelection, Elizabeth Warren said she would become the ranking member of the Senate Banking Committee. Go to Source
Crypto use more common among the underbanked, says FDIC report
Last year, underbanked households more commonly used crypto than those with no banking access whatsoever, according to an FDIC survey. Go to Source
Ripple CEO Loses Bank Account After 25 Years, Given 5 Days to Withdraw Funds
Ripple’s CEO has revealed that his 25-year-old bank account was closed due to his role leading a crypto company, underscoring rising regulatory pressures and uncertain U.S. policies. Ripple CEO Brad Garlinghouse’s Bank Account Closed by Major Institution After 25 Years Ripple CEO Brad Garlinghouse has disclosed he was recently debanked, citing increased regulatory scrutiny impacting … Read more
Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi
Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory missteps and mishandled reforms, despite ongoing penalties. The letter suggests that breaking up the … Read more
Bank of America customers seeing $0 balances amid nationwide outage
Some Bank of America customers seeing $0 balances noted that their debt is “conveniently” still showing up. Go to Source
