US Fed steps up oversight of banks' involvement with crypto firms
The limitations set out in the Federal Reserve’s new Program provides additional measures to its original policy statement laid out in January.
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US GAO explores blockchain for SBA’s small business programs oversight
the GAO highlighted blockchain’s ability to streamline and improve annual reporting, facilitating safe loans and monitoring business development progress among others.
Elon Musk calls for AI regulatory oversight: Report
In a keynote address at a Chinese government-backed AI conference, Musk noted that governments should be concerned about deep intelligence.
Fed sees stablecoin as form of money, wants ‘robust’ role in its oversight, Powell says
The Federal Reserve chair gave his opinion on draft crypto legislation at the House Financial Service Committee’s semi-annual Fed policy hearing.
US Treasury’s Financial Stability Oversight Council held unscheduled, closed meeting
Heads of all major U.S. financial regulatory agencies gathered by video to hear a presentation by NY Fed staff that concluded that the banking system “remains sound.”
Fed policy to align bank oversight could limit crypto activities by state banks
The new policy would align the allowable activities for insured and uninsured state banks and OCC-supervised national banks by making rules for state banks more restrictive.
SEC chair's crypto oversight strategy in question as ecosystems collapse
Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission for the crypto ecosystem.
In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
The infamous collapse of Terra may have hastened the creation of a supervision and control entity for virtual assets, which is set to launch in early June.
US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial system
"The Council recommends that state and federal regulators review available regulations and tools that could be applied to digital assets," says the FSOC.
IMF reiterates more oversight for crypto in latest report on financial stability
The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility.