OCC’s Hsu endorses federal standards for money transmission licenses
Acting Comptroller of the Currency Michael Hsu said the bankruptcy of Synapse earlier this year highlights regulatory gaps around the state-based licensing of businesses that transfer money.
Pro-crypto House member wins Senate seat in California
Adam Schiff, known as a pro-cryptocurrency lawmaker, has also introduced bills that would regulate "revolving door" employment at banking regulators.
Bank stocks rise as investors await election results
Investors brushed off a potentially prolonged week of U.S. election results and instead focused on fresh economic data.
Campaign promises complicate outlook on Fed policy
The impact of both presidential candidates' fiscal promises around taxation and spending could have dramatic effects on the Federal Reserve's outlook for monetary policy, which has become more aggressive toward rooting out inflation.