Over the years, several cryptocurrency companies have claimed that deposits with them were insured by the United States Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) as if they ...
Tag: FDIC
FDIC acting chairman wants stablecoins to be safer before integration into financial system
The federal deposit and insurance commission (FDIC) acting Chairman Martin Gruenberg has acknowledged the role of stablecoins in the digital economy but advocates that it should be properly regulated ...
FDIC to Offer Guidance on Crypto After it Understands its Associated Risks
Martin Gruenberg, the acting Head of the Federal Deposit Insurance Commission (FDIC) has assured that banking regulators in the United States will be responsible for providing adequate guidelines to f...
Here’s what the Wells Fargo cross selling scandal means for the bank
Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...
Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review – Coinotizia
Morgan Report founder David Morgan foresees a supply crunch for silver, and says that in ten years’ time, it will be one of the best investments of the decade. One analyst, however, says if the precio...
Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review – The Weekly Bitcoin News
Morgan Report founder David Morgan foresees a supply crunch for silver, and says that in ten years’ time, it will be one of the best investments of the decade. One analyst, however, says if the precio...
How the FDIC works and why crypto marketers should be nervous
And suddenly, like a warm Santa Ana wind on an extreme fire danger day, everyone finds themselves talking about the FDIC (Federal Deposit Insurance Corporation). For anyone who doesn’t bank in the Uni...
‘Borrowers aren’t ready’ to resume payments, former FDIC chair says
The expiration of the forbearance pause on federal student loans is fast approaching on August 31 — an impending economic hardship for many borrowers, according to one expert. “Borrowers aren’t ...
FDIC Accused Five Crypto Firms Including FTX.US for Misleading Marketing
Cryptocurrencies are experiencing one of the best times in terms of their popularity and adoption among individuals and institutions. Marketing and advertisements play an important role to make this p...
the week in crypto policy
Just as the week was wrapping up, news of a cease-and-desist letter from the Federal Deposit Insurance Corporation (FDIC) addressed to FTX and other crypto firms came out. Here’s a look at some ...
FTX US Spread False or Misleading Statements About FDIC
FDIC sent a cease and desist letter to FTX Crypto companies for spreading false or misleading statements FTX US may have violated FDIC laws On August 19, The Federal Deposit Insurance Corporation (FDI...
FDIC Issues Cease-And-Desist Order to FTX US and Other Crypto Firms Over Misleading Information – crypto.news
The United States Federal Deposit Insurance Corporation (FDIC) has handed a cease-and-desist letter to FTX and four other crypto entities over false claims on deposit insurance. As a result, FTX US, C...
U.S. FDIC Issues Cease and Desist Order to FTX US Over False Insurance Claims
The United States Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letter to FTX US over “false claims and misleading statements” concerning its insurance coverage. The regulat...
FDIC issues cease-and-desist letters to FTX US, other crypto firms over deposit insurance
The Federal Deposit Insurance Corporation (FDIC) has issued cease-and-desist letters to FTX US and four other crypto companies for allegedly making “false and misleading statements” about ...
FDIC writes FTX, and four others over misrepresentation
Five companies, their top officials, and their staff have landed in the troubled waters of the Federal Deposit Insurance Corporation (FDIC). The FDIC has warned the companies to disembark from making ...
FDIC Calls Out FTX US, Other Crypto Firms to Stop Misleading Users About Deposit Protection
The Federal Deposit Insurance Corporation (FDIC), a US government agency tasked with stabilizing the financial system in the event of bank failures, on Friday issued five cease-and-desist letters dema...
FTX Is Spreading False Statements About Crypto Products, FDIC Says
FTX US received a cease-and-desist warning from the United States Federal Deposit Insurance Corporation on Friday, telling the crypto exchange to stop issuing “false” statements and “misleading” consu...
FTX CEO Clarifies Misinterpreted Claims of FTX.US Being FDIC Insured
FTX founder Sam Bankman-Fried has denied that the exchange has FDIC insurance while apologizing for any information that might have been misinterpreted to mean FTX.US is FDIC-insured. In an August 19 ...
FTX US among 5 companies to receive cease and desist letters from FDIC
The Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five companies for allegedly making false representations about deposit insurance related to cryptocurrencies. F...
FDIC Scrutinizes FTX U.S Over Deposit Insurance Claims
49 seconds ago | 2 mins read Exchange News The FDIC demanded taking down any content implying FDIC-insured. The FDIC requested that they refrain from making any additional such representations. Today,...
FDIC serves five crypto firms with cease and desist orders 1
The Federal Deposit Insurance Corporation (FDIC) has slammed served five companies dealing in digital assets with cease and desist orders. According to the statement from the regulatory agency, the sa...
FDIC Warns Sam Bankman-Fried-Led FTX Over Misleading Claims
The US Federal Deposit Insurance Corporation issued warning letters to FTX and four other crypto firms. The letters from the FDIC demanded that the exchange stop making false claims about deposit ins...
FTX backtracks on FDIC insurance but fails to delete all references
Following the demands from the FDIC for FTX to cease making misleading statements about FDIC insurance, FTX CEO Sam Bankman-Fried took to Twitter to undertake crisis management. SBF stated that the me...
FDIC Accuses FTX US of Making Misleading Statements
Harrison tweeted on July 20 that “direct deposits from employers to FTX US are stored in individually FDIC-insured bank accounts in the users’ names” FTX is also falsely identified as an FDIC-insured ...
FDIC sends 5 companies, including FTX.US, cease and desist letters for making false statements about deposit insurance
The Federal Deposit Insurance Corp. (FDIC) said Aug. 19 that it issued letters demanding Cryptonews.com, Cryptoytosec.info, SmartAsset.com, FTX.US and FDICCrypto.com to stop making misleading statemen...
FDIC Hits FTX.US With Cease-and-Desist Letter
Key Takeaways The FDIC says FTX.US and its President, Brett Harrison, have made false claims about the exchange’s deposit insurance status. The agency is calling on Harrison and FTX.US to cease-and-de...
FDIC Orders Crypto Exchange FTX US, 4 Others to Cease ‘Misleading’ Claims
“These statements appear to contain false and misleading representations that uninsured products are insured by the FDIC, as well as false and misleading statements about the extent and manner o...