The Fed, FDIC, and currency comptroller are warning banks about messing with crypto

Illustration by Alex Castro / The Verge Three federal financial agencies put out a joint statement on Tuesday warning banks about the “key risks for banks associated with crypto-assets and the crypto-asset sector.” The statement explains that while banks aren’t wholesale banned or discouraged from providing services to crypto firms, the Federal Reserve, Federal Deposit … Read more

President Biden nominates Gigi Sohn for FCC — again

Photo by Pete Marovich-Pool / Getty Images President Joe Biden renominated Gigi Sohn Tuesday to serve on the Federal Communications Commission, once again throwing his support behind the embattled pick whose confirmation has stalled for more than a year. Sohn, a public interest advocate and former FCC counselor, was first nominated to the post in … Read more