Episode 411
📍 The FDIC has released a trove of documents detailing its regulation of banks' approach to crypto, revealing a pattern of discouraging banks from engaging with crypto firms.
📍 BlackRock plans to launch a Bitcoin exchange-traded product (ETP) in Europe, which would be the asset manager's first crypto-linked ETP outside of the US.
📍 The US Senate has begun a hearing on "debanking" in the crypto industry, with witnesses testifying about being blocked from bank relationships due to regulatory pressure on crypto.
📍 The FDIC's acting chairman, Travis Hill, has stated that the agency is overhauling its crypto approach and will provide a pathway for institutions to engage in crypto-related activities while adhering to safety and soundness principles.
