US Senate confirms Philip Jefferson as Federal Reserve vice chair
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under chair Jerome Powell at the central bank until 2036.
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Federal Reserve issues enforcement action against FTX-linked US bank
Moonstone Bank, which was since renamed Farmington State Bank, received roughly $11.5 from FTX’s sister firm Alameda Research through its holding company in 2022.
Stablecoins could be key to upholding US dollar's global reserve status: Report
In an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoin legislation is crucial to re-dollarizing the world.
Federal Reserve of San Francisco hiring crypto architect for CBDC project
San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC).
FedNow Service has no relation with CBDCs, Federal Reserve clarifies
The Federal Reserve certified the FedNow Service as “ready,” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test out the system, before its launch by the end of July 2023.
Federal Reserve's banking bailouts reach a new weekly high of $103B
The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout.
Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO
The Reserve team said the investment could allow for new features such as collateralized loans and wallet products.
President Biden announces nominations for key positions at Federal Reserve
Leadership at the Fed will likely have an impact on how the U.S. government handles the potential issuance of a central bank digital currency.
Federal Reserve's FedNow will integrate with Metal Blockchain
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
‘Proof of Reserve’ bill passes in Texas House of Representatives
Digital asset providers would be restricted from comingling customer funds with any other type of operational capital.