Federal Deposit Insurance Corporation (FDIC)

People watch while Signature Bank's Crypto Services Burn.
Regulations
Signature’s Crypto Clients Told to Close Accounts as FDIC Ends Business

The FDIC warned that there would be no more crypto offerings from Signature after the buy out.

by Darryn Pollock
Martin J. Gruenberg looking at an orb with tall mountain inside.
Regulations
Here’s Why Regulators Were Accused of “Illegal Overreach” Against Crypto Industry by Cooper & Kirk Law Firm

Cooper & Kirk law firm sends letter to US Congress alleging regulatory overreach against the crypto industry.
by Kyle Calvert
A burning bank on wheels rolling though digital landscape.
Exchanges
Is the FDIC’s Recent Ultimatum Evidence of “Weaponizing” the Banking Collapse Against Crypto?

If crypto is the scapegoat, "one of the most important innovations in history" will be lost to the U.S.
by Darryn Pollock
Man representing Signature bank walking to pit of Piranhas.
Regulations
Buyer of Signature Bank Told to Give up Crypto Business by FDIC

The U.S. is becoming increasingly inhospitable for crypto companies.

by Darryn Pollock
A man putting numbers on the image of the Winkevoss twins.
Regulations
Gemini Under Investigation Over False FDIC Claims: Report

Gemini is under investigation due to references about FDIC insurance in relation to its high-yield Earn program.

by David Marsanic
What Happens if a Crypto Exchange Declares Bankruptcy
Cryptopedia
What Happens If A Crypto Exchange Declares Bankruptcy?

Unlike traditional financial institutions, crypto firms have very few assets to fall back on in the event of a liquidation.
by Tunbosun Oyinloye
Sam Bankman-Fried’s FTX Revenue Surges Over $1 Billion on a 1000% Growth
FTX News
Sam Bankman-Fried’s FTX Revenue Surges Over $1 Billion on 1000% Growth

Leaked internal documents of the financial audits of FTX show that the exchange witnessed a 1000% increase in revenue.
by Milko Trajcevski