FDIC nominee Goldsmith Romero says banks can custody digital assets
The Federal Deposit Insurance Corporation Chair nominee stated her position amid the failure of Congress to overturn the SAB-121 veto. Go to Source
Banking
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Crypto for good: Why blockchain can bring financial inclusion worldwide
John Wingate of BankSocial and Azeem Khan of Morph tell The Agenda podcast how crypto and blockchain can make the world a better, more equitable place. Go to Source
UBS Executive Highlights AI’s Impact on Banking
UBS is witnessing a transformative shift in client interactions driven by artificial intelligence, according to Sabine Keller-Busse, the head of the Swiss bank’s domestic business. Keller-Busse compared the change to how patients now approach doctors with self-diagnosed conditions. UBS Sees AI Revolutionizing Financial Interactions Artificial intelligence (AI) is reshaping the banking industry, with clients increasingly … Read more
US Fed CIO says it’s ‘hard to justify’ hiring human coders over AI
The Federal Reserve’s leadership seemingly views generative AI as a “super analyst” capable of turbocharging the agency’s work process. Go to Source
Federal Watchdogs Flag 4 Major US Banks for Lack of Crisis Management; Demand Living Will Revisions
Federal authorities have spotlighted critical deficiencies in the crisis management strategies—known as “living wills”—of four major U.S. banks, signaling a push for stronger safeguards against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve announced that plans from Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase fell short of expectations, setting … Read more
Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto
President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support? Go to Source
Nigeria seeks crypto clarity one year into Tinubu’s tenure
Nigeria’s young resident population now feels more bewilderment due to the administration’s recent actions against Nigeria’s crypto industry. Go to Source
Anti-crypto FDIC chair Martin Gruenberg to step down — ‘best day ever’
Martin Gruenberg has faced criticism from Republicans and Democrats alike after an independent investigation revealed a range of workplace issues at the FDIC. Go to Source
US Senate passes resolution overturning SEC crypto rule on banks
U.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets on its balance sheets. Go to Source
SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of engaging in meaningful discourse with the cryptocurrency industry. Go to Source
