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Federal Deposit Insurance Corporation

34 articles

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Office of the Comptroller of the CurrencyX MoneyRevolutCoinbaseElon MuskFederal ReserveBitGoChainalysis
Revolut hit by Washington crypto boom illusion, exposing massive two-tier banking system

Revolut hit by Washington crypto boom illusion, exposing massive two-tier banking system

Revolut filed with the OCC and FDIC on March 4 to establish Revolut Bank US, an insured national bank that would take deposits, issue credit cards, make loans, and connect directly to Fedwire and ACH. Nearly six months later, that application remains pending, while federal regulators have spent the same stretch conditionally approving or converting […] The post Revolut hit by Washington crypto boom illusion, exposing massive two-tier banking system appeared first on CryptoSlate .

Federal Deposit Insurance CorporationOffice of the Comptroller of the CurrencyRevolut
Sep 3, 2026 · byCryptoSlate
America is creating a new class of crypto banks – but they aren’t really banks

America is creating a new class of crypto banks – but they aren’t really banks

Circle now has a federal bank charter. However, the charter provides no ordinary checking accounts, FDIC-insured savings accounts, or mortgages. Circle National Trust is part of a new federal cohort built around custody, fiduciary administration, stablecoin reserves, and settlement. Ripple, BitGo, Fidelity Digital Assets, Paxos, Bridge, Crypto.com, Coinbase, Morgan Stanley and World Liberty Financial have […] The post America is creating a new class of crypto banks – but they aren’t really banks appeared first on CryptoSlate .

BitGoCircleCoinbase
Aug 23, 2026 · byCryptoSlate
X Money Goes Live in 41 States as Elizabeth Warren Warns Elon Musk’s Bank Ambitions Pose Risk

X Money Goes Live in 41 States as Elizabeth Warren Warns Elon Musk’s Bank Ambitions Pose Risk

Elon Musk’s X Money left its invite-only testing phase on July 27, rolling out nationwide to U.S. Premium and Premium+ subscribers. The expansion pairs a Visa-branded debit card with up to $10 million in Federal Deposit Insurance Corporation (FDIC)-linked coverage. Beta Days Are Over X, the social platform formerly known as Twitter, first opened X […]

Elon MuskFederal Deposit Insurance CorporationX Money
Jul 28, 2026 · byBitcoin.com News
Bank Abruptly Shut Down by US Regulator in Fourth Bank Failure of 2026

Bank Abruptly Shut Down by US Regulator in Fourth Bank Failure of 2026

US regulators have abruptly shut down a bank in Kansas in the fourth bank failure of 2026. The Federal Deposit Insurance Corporation (FDIC) says the Kansas Office of the State Bank Commissioner has closed Small Business Bank. The FDIC has been appointed as the receiver and has entered into a purchase and assumption agreement with […] The post Bank Abruptly Shut Down by US Regulator in Fourth Bank Failure of 2026 appeared first on The Daily Hodl .

Federal Deposit Insurance Corporation
Jul 19, 2026 · byThe Daily Hodl
Insider Drains $141,674 from Bank in Texas, Pleads Guilty to Stealing from Elderly Person: FDIC

Insider Drains $141,674 from Bank in Texas, Pleads Guilty to Stealing from Elderly Person: FDIC

A US regulator has barred a Texas banker from working in the industry after she embezzled more than $100,000 from her employer. The Federal Deposit Insurance Corporation (FDIC) says Cynthia M. Renfro pleaded guilty to misappropriating about $141,674 while working as a personal banker at First State Bank of Brownsboro. The regulator says that Renfro […] The post Insider Drains $141,674 from Bank in Texas, Pleads Guilty to Stealing from Elderly Person: FDIC appeared first on The Daily Hodl .

Federal Deposit Insurance Corporation
Jul 6, 2026 · byThe Daily Hodl
New Jersey Man Sentenced in Multi-Million Dollar Bank Fraud Conspiracy

New Jersey Man Sentenced in Multi-Million Dollar Bank Fraud Conspiracy

A New Jersey man is heading to federal prison for his role in a multi-million-dollar bank fraud conspiracy. Rajendra G. Parikh has been sentenced to two years in prison, convicted of fraudulently obtaining more than $35 million in SBA-guaranteed loans from financial institutions to purchase and flip hotels. The FDIC Office of Inspector General says […] The post New Jersey Man Sentenced in Multi-Million Dollar Bank Fraud Conspiracy appeared first on The Daily Hodl .

Federal Deposit Insurance Corporation
Jun 30, 2026 · byThe Daily Hodl
Elon Musk’s X Money Rolls Out to Premium+ Users With Up to $10 Million in FDIC Insurance

Elon Musk’s X Money Rolls Out to Premium+ Users With Up to $10 Million in FDIC Insurance

Elon Musk’s social platform X has begun rolling out its X Money payments service to select Premium+ subscribers, offering up to $10 million in federal deposit insurance through a new cash sweep program. A Tenfold-Plus Jump Over Standard Deposit Insurance The rollout extends X Money to higher-tier users and introduces what the company calls the […]

Elon MuskFederal Deposit Insurance CorporationX Money
Jun 26, 2026 · byBitcoin.com News