#financialregulators — Public Fediverse posts

Be careful what you ask for - it might just makes things WORSE in the medium term!

U.S. Gov Commissions - SEC and CFTC
may act independent from the U.S. Congress and try to set new rules to carve out certain token offerings from securities requirements.

"The agencies seemingly are ready to act, given that Congress has been unwilling or unable to do so,"

Industry boffins warn that agency-level rules, while welcome in the short term, offer a fragile substitute for legislation, with the real possibility the next U.S. Administration scraps whatever is set now. https://finance.yahoo.com/markets/crypto/articles/sec-cftc-write-crypto-rules-131353364.html #Crypto #CryptoCurrencies #SEC #CFTC #FinancialRegulators #Regulations #Legislation #ClarityAct #Blockchain #DigitalAssetMarketClarityAct

Regulators urge banks to screen unauthorized immigrant borrowers https://www.allforgardening.com/1873775/regulators-urge-banks-to-screen-unauthorized-immigrant-borrowers/ #BankingRegulations #CreditRisk #FinancialRegulators #FinCEN #garden #ImmigrantBanking #TrumpAdministration #USBankingSystem

SEC’s Crypto Regulation Labeled a ‘Disaster’ by Commissioner - A U.S. Securities and Exchange Commission (SEC) commissioner has called the agency... - https://news.bitcoin.com/secs-crypto-regulation-labeled-a-disaster-by-commissioner/ #cryptocurrencyregulation #financialregulators #regulatoryoverreach #enforcementpolicy #cryptoinnovation #securitieslaws #regulation #crypto.com #seclawsuit #markuyeda #coinbase

Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations - Financial authorities in 25 U.S. states have reached a settlement with the cryptoc... - https://news.bitcoin.com/cryptocurrency-firm-abra-settles-with-25-us-states-over-licensing-violations/ #financialregulators #consumerprotection #cryptocurrency #compliance #regulation #settlement #u.s.states #licensing #refunds #crypto #news #abra

SEC files final response in Ripple XRP case - The SEC argues that Ripple’s assertions do not negate the need for injun... - https://cointelegraph.com/news/sec-challenges-ripple-assertions-remedies-brief #financialregulators #blockchainstartup #futureviolations #regulatoryagency #cryptocurrency #remediesbrief #international #legaldispute #injunctions #xrplawsuit #compliance #lawsuit #ripple #sec

Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes - The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the su... - https://news.bitcoin.com/bitcoin-firm-coinbits-suspends-operations-amidst-custodian-prime-trusts-financial-woes/ #blockchainintelligencefirm #fiduciaryresponsibilities #bitcoininvestmentapp #customernotification #nevadabasedcustodian #regulatorychallenges #suspensionofservices #financialregulators #bitcoinholdings

U.S.#financialregulators to #tighten #rules on #nonbanks, #systemic #risks https://www.reuters.com/markets/us/yellen-says-fsoc-tighten-rules-risk-assessment-non-bank-firms-2023-04-21/ #banking #financialstability #finanancialsystem #hedgefunds

President #Biden on Thursday called on #FinancialRegulators to toughen #oversight of medium-sized #banks that face #ReducedScrutiny in the wake of a #RegulatoryRollback implemented during #Trump administration, his most aggressive response yet to the #failure of two #banks earlier this month that rattled the nation’s #FinancialSystem. Proposals would not require any action from Congress and could be accomplished by regulators, administration officials said. https://www.nytimes.com/2023/03/30/us/politics/biden-banks-crisis.html #banking #risk

This is not over - State regulators closed New York-based #crypto friendly #SignatureBank on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank in a collapse that stranded billions in #deposits. #FinancialCrisis #FinancialStability #FinancialRegulators #banking #SystemicRisk https://www.yahoo.com/lifestyle/svb-failure-regulators-close-crypto-115028921.html

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement - The stablecoin USDC has nearly regained parity with the U.S. dollar after rising j... - https://news.bitcoin.com/usdc-stablecoin-nears-parity-with-usd-after-feds-bailout-announcement/ #fractionalbankingsystem #financialregulators #liquidityoperations #globaltradevolume #siliconvalleybank #marketconfidence #publicstatement #cryptocurrency #federalreserve #jeremyallaire #signaturebank #uscentralbank #marketvalues #news

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout - On Sunday, the New York Department of Financial Services, or DFS, announced that i... - https://news.bitcoin.com/ny-regulators-seize-control-of-signature-bank-depositors-assured-by-federal-bailout/ #federalreservebanktermfundingprogram #newyorkdepartmentoffinancialservices #exchangestabilizationfund #secretaryofthetreasury #financialinstitutions #crypto-friendlybank #financialregulators #marketobservers

SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude - Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC... - https://news.bitcoin.com/sec-and-cftc-lawsuits-against-former-ftx-ceo-paused-until-criminal-proceedings-conclude/ #campaignfinanceviolations #federalelectioncommission #southerndistrictofnewyork #cryptocurrencyindustry #criminalproceedings #financialregulators #commoditiesfraud #cryptocurrencies #customerdeposits