2024-11-20 21:47 |
Government cogs in a sweeping anti-crypto operation rapidly dismantled weeks before Republican President Donald Trump took office.
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The White House is expected to nominate Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation Chair media outlets have reported.
A new assessment by the Federal Deposit Insurance Corporation (FDIC)’s Office of Inspector General has brought to light substantial gaps and deficiencies in its ability to provide clarity to member banks on policies and procedures regarding crypto activities.
Crypto could be enjoying some boost in price and adoption as the latest report from the Federal Deposit Insurance Corp. showed that deposits of about half a trillion dollars were removed from U. S.
Another top 20 U.S. bank bites the dust, but Ether’s price fails to benefit from the event.
Bitcoin is trading around the $28,000 mark, after trading higher. The churn comes after news that the First Republic Bank is close to seizure by U.S. authorities.
Regulatory uncertainty and the recent enforcement actions taken against major crypto exchanges reduces the odds of Bitcoin breaking above $30,000 in the short-term, but investors are still bullish.