‘How did this happen’ — Powell says Fed stumped over the collapse of SVB

United States Federal Reserve chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of Silicon Valley Bank (SVB), despite it being under their watch. In a press conference held just after the Federal Open Market Committee meeting on March 22, Powell said he immediately knew there was a need for [...]

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US Fed to create new crypto team amid concerns about unregulated stablecoins

The Fed’s vice chair for supervision said that the central bank does not want to curb innovation but ensure that regulations protect households and the financial system.

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US lawmakers argue SEC accounting policy places crypto customers at risk

While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators.

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Feds vice chair for supervision Michael Barr to step down in February

Michael Barr’s resignation is effective from February 28, 2025, but he will continue as governor of the Federal Reserve Board A Reuters report indicated in December that Barr was seeking legal advice regarding his options should Trump attempt to remove him Michael Barr, the US Federal Reserve’s vice chair for supervision, who warned banks about […]

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