"Prior to this meeting, Vice Chair Quarles, Chair McWilliams and I had talked about potentially putting together an interagency policy sprint team just on crypto because of exactly the concerns you've described," Hsu said.
Last year, Federal Reserve Governor Lael Brainard announced the Boston branch of the U.S. central bank was exploring a digital dollar. She’ll be speaking next week at Consensus.
"At the FDIC we have been watching [digital asset] developments closely, and plan to issue a request for information to learn more," Jelena McWilliams said.
Are stablecoins fully backed by reserves? Are they FDIC-insured? Stablecoins may be too good to be true, says our columnist.
Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday.
Four U.S. regulators joined an international alliance of government regulators seeking to bolster the future of fintech.
Former chair of the FDIC, Sheila Bair, writes on the viability of CBDCs and their need for further investigation.
Sheila Bair, ex-chair of FDIC, argued that bitcoin shouldn't be banned. Instead, policies should be in place to protect investors.
Coinbase's GDAX digital asset exchange has added a new margin trading feature.
The FDIC and three state-level regulators discussed blockchain technology at a panel today centered on the future of US regulation.