Latest News and Articles about FDIC
FDIC Removes Crypto Pre-Approval: Banks Can Now Engage with Digital Assets
FDIC Lifts Crypto Restrictions: A New Era for Digital Assets in Banking The Federal Deposit Insurance Corp. (FDIC) has made a significant policy shift by eliminating the pre-approval requirement for U.S. banks engaging in cryptocurrency activities. This move, reversing a 2022 mandate, opens the door for banks to dive into the digital asset market without […]
Read MoreBank Employee Steals $123K: Lessons for Traditional and Crypto Security
Billion-Dollar Bank Employee’s Secret Transfers: A Cautionary Tale for Traditional and Crypto Banking Martin Fernandez, Jr., a trusted employee at the International Bank of Commerce in Laredo, Texas, secretly transferred over $123,000 from customer accounts to his associates, highlighting the vulnerabilities in traditional banking systems. Martin Fernandez, Jr., guilty of unauthorized transfers. $123,563 stolen from […]
Read MoreCustodia Bank CEO Blasts U.S. Gov’t for Crypto Debanking Inaction Under Trump
Custodia Bank CEO Slams U.S. Government’s Crypto Debanking Stance Under Trump At ETHDenver, a hub for crypto enthusiasts and blockchain innovators, Custodia Bank CEO Caitlin Long didn’t hold back her frustration. She lambasted the U.S. government for its lack of action on crypto debanking since Donald Trump’s return to the White House, highlighting the persistent […]
Read MoreHouse Oversight Investigates FDIC’s Crypto Stance: Impact on Banking and Innovation
House Oversight Probes FDIC: Did Biden’s Crypto Policies Unfairly Target Banks? The House Committee on Oversight and Government Reform is delving into whether the Federal Deposit Insurance Corporation (FDIC) under the Biden administration has unfairly targeted banks involved with cryptocurrency services, raising concerns about stifled innovation and restricted banking access for crypto-related businesses and individuals. […]
Read MoreFederal Reserve’s Secret Document Unveils Role in Crypto Debanking Crisis
Federal Reserve Exposed for Role in Crypto Debanking Senator Cynthia Lummis recently revealed a classified Federal Reserve document during a Senate Banking Committee hearing, shedding light on the central bank’s involvement in the debanking of cryptocurrency companies under the Biden administration. This document, previously shrouded in secrecy, highlights the Federal Reserve’s internal guidelines for handling […]
Read MoreFDIC’s Operation Choke Point 2.0 Exposed: Crypto Banking at a Crossroads
FDIC’s “Operation Choke Point 2.0” Exposed: A Turning Point for Cryptocurrency Banking? Imagine waking up to find your bank account frozen, not because of any wrongdoing on your part, but because you dared to engage with cryptocurrencies. This nightmare scenario became a reality for many crypto clients, thanks to what’s been called “Operation Choke Point […]
Read MorePulaski Savings Bank Closes: First 2025 Failure Due to Suspected Fraud
First Bank Failure of 2025: Pulaski Savings Bank Shuts Down Amid Suspected Fraud Pulaski Savings Bank in Illinois kicked off 2025 by becoming the first bank to fail this year, shut down by US authorities amid allegations of fraud. Pulaski Savings Bank closed by Illinois banking regulators FDIC steps in as receiver Assets transferred to […]
Read MoreCoinbase Accuses FDIC of Deceit in Crypto Crackdown Legal Battle
Coinbase’s Legal Battle with FDIC Intensifies Over Alleged Deceit and Stonewalling “A picture of deceit, obfuscation, and bad faith is coming into focus at FDIC,” declares Paul Grewal, Coinbase’s Chief Legal Officer, as he fiercely accuses the Federal Deposit Insurance Corporation (FDIC) of not only failing to comply with Freedom of Information Act (FOIA) requests […]
Read MoreFDIC Sues 17 SVB Execs for $294M Dividend and Risky Bets Leading to Collapse
FDIC Sues 17 Silicon Valley Bank Execs Over Role in Bank’s Collapse Silicon Valley Bank (SVB), a stalwart in the tech and crypto sectors, met its dramatic downfall in March 2023, thanks to what the Federal Deposit Insurance Corporation (FDIC) calls gross negligence and fiduciary failures by its former executives. The FDIC has now launched […]
Read MoreSenator Lummis Accuses FDIC of Crypto Targeting, Demands Document Preservation
Senator Lummis Accuses FDIC of Targeting Crypto Industry, Demands Document Preservation Senator Cynthia Lummis has accused the Federal Deposit Insurance Corporation (FDIC) of secretly targeting the cryptocurrency industry by destroying documents and intimidating employees. Lummis has demanded the FDIC preserve all digital asset-related materials since January 2022, threatening criminal referrals to the Department of Justice […]
Read MoreCoinbase Exposes FDIC’s Role in Operation Chokepoint 2.0, Demands Congressional Probe
Coinbase Unveils FDIC’s Role in Operation Chokepoint 2.0: A Battle for Crypto Freedom In a bold move, Coinbase Global Inc has successfully obtained unredacted documents from the Federal Deposit Insurance Corporation (FDIC), exposing the agency’s involvement in Operation Chokepoint 2.0, a coordinated effort to restrict cryptocurrency activities. Coinbase obtains unredacted FDIC documents Documents reveal FDIC’s […]
Read More