Banking Regulators
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First Republic Bank may be restricted from using discount windows and Federal Reserve emergency lending tools
According to reports, US banking regulators are considering the possibility of lowering the credit rating of First Republic Bank, which may limit the bank\’s access to financing thr
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Federal Reserve Chairman Powell: Congress needs to develop a legal framework to regulate stable currency
It is reported that the Federal Reserve Chairman Powell said in his testimony at the hearing of the Senate Banking Committee that the Federal Reserve and other U.S. banking regulators have repeatedly issued statements and policy interpretations to issue severe warnings to banks about cryptocurrencies. In the recent warning, regulators clearly pointed out that banks that focus on encryption may not meet the security and soundness standards, which are the benchmark for continuing to operate in the United States. In addition, Powell said that Congress needs to intervene to provide…