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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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.
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.
San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC).
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.
The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout.
The Reserve team said the investment could allow for new features such as collateralized loans and wallet products.
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.
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
Digital asset providers would be restricted from comingling customer funds with any other type of operational capital.