FDIC Chair Travis Hill is proposing that stablecoins should not get any form of insurance as the regulator moves to implement the GENIUS Act.
FDIC chief says stablecoins will not qualify for deposit insurance under the GENIUS Act, including pass-through coverage.
Travis Hill, chair of the US Federal Deposit Insurance Corporation (FDIC), confirmed that, in his opinion, a law passed in July 2025 would not give the agency the authority to guarantee stablecoin ...
FDIC says stablecoin holders will not qualify for federal deposit insurance under new US rules, leaving digital dollar users without the protections given to traditional bank deposits.
Federal Deposit Insurance Corp. Chair Travis Hill said in a speech Wednesday morning that the agency will move to codify stablecoins as ineligible for deposit insurance — which is required under the ...
The Federal Deposit Insurance Corp. supervises banks and insures deposits so people don't lose their money when banks collapse.
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...
Standard FDIC and NCUA insurance covers up to $250,000 of deposits and interest earned on those deposits. Online-only banks also provide FDIC insurance, but fintech companies aren't part of the FDIC ...
Most of us have insurance on our homes or cars. But many people only realized the importance of deposit insurance after a couple of high-profile bank failures in 2023 – Silicon Valley Bank, Signature ...
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The Federal Deposit Insurance Corporation (FDIC), once a trusted pillar of financial stability, now finds itself navigating the turbulent waters of innovation and regulatory reform. Recent remarks by ...