The Treasury Department pledged to continue targeting the use of crypto-assets to finance terrorism amid increased scrutiny in the wake of Hamas’ attack on Israel.
The Federal Reserve supports international efforts to make cross-border payments faster, cheaper, more transparent, and more accessible globally, Fed Vice Chair for Supervision Michael Barr said.
A federal court granted an ICBA request to expand injunctive relief from the Consumer Financial Protection Bureau’s Section 1071 final rule to all community banks nationwide.
Federal Reserve Governor Christopher Waller said he has yet to be convinced there is a market failure that a central bank digital currency would resolve.
Two key members of Congress urged the Justice Department to evaluate the extent to which the Binance and Tether crypto firms are supporting terrorism by violating sanctions and the Bank Secrecy Act.
The Federal Reserve Board issued a proposal to lower the maximum interchange fee that covered debit card issuers may receive for debit card transactions.
The Consumer Financial Protection Bureau said total outstanding credit card debt eclipsed $1 trillion last year for the first time since the CFPB began collecting this data.
There is nothing about the crypto-asset securities markets that suggests investors and issuers are less deserving of the protections of U.S. securities laws, Securities and Exchange Commission Chair Gary Gensler said.
