Regulators Sue Bankrupt Crypto Lender Celsius, CEO Alex Mashinsky

Three federal regulators sued collapsed crypto lender Celsius Network and its founder Alex Mashinsky on Thursday, alleging the company defrauded investors. Mashinsky was arrested early Thursday morning in New York. The lawsuits, filed in Manhattan federal court, came from the Securities and Exchange Commission and the Commodity Futures Trading Commission.

• 2023-07-13
• Alex Mashinsky Celsius Network Commodity Futures Trading Commission Manhattan federal court Mashinsky federal regulators

Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank

BTC’s price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday’s FOMC decision.

• 2023-05-02
• First Republic Bank market capitalization CoinDesk Edward Moya banking sector federal regulators

First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K

Since September 2021, the growth in cash assets in small bank balance sheets has turned negative.

• 2023-03-13
• Silicon Valley Bank Silicon Valley Bank Silvergate Bank First Republic Bank Federal regulators Mark Connors customer deposits Federal Reserve Board Federal Reserve U.S. Treasury Secretary Janet L. Yellen

Silvergate Capital’s Ratings Cut by Moody’s Amid Crypto Meltdown

(Bloomberg) -- Moody’s Investors Service cut its ratings on Silvergate Capital Corp. and its bank subsidiary Silvergate Bank, citing concern about its viability amid the crypto market’s turmoil and a crackdown by federal regulators.Most Read from BloombergAmazon Pauses Construction on Second Headquarters in Virginia as It Cuts JobsAmericans Need to Be Richer Than Ever to Buy Their First HomeSingapore PM Lee’s Estranged Brother Weighs Presidential RunFed Event Scrapped After Participant Shows Por

• 2023-03-04
• Silvergate Capital Moody’s Investors Service Bloomberg federal regulators

Regulators Warn Banks on Crypto Risks. It’s the Latest Sign of a Broad Crackdown.

Some in the digital-asset industry have claimed the federal government is making it harder to find banks willing to do business with them.

• 2023-02-24
• Federal Deposit Insurance Corp. Federal Reserve Office of the Comptroller of the Currency federal regulators digital assets risk management principles

Crypto's Banking Problem: Industry Needs Access but US Regulators Keep Digital Assets at Bay

Crypto can’t become what many of its proponents want it to be without banks, but U.S. regulators are circling the wagons around the banking system they oversee. That barrier is only getting wider as the Federal Reserve and other agencies turn away crypto firms trying to link with the traditional financial system.

• 2023-02-14
• Federal Reserve banking system Grant Butler digital assets federal regulators