When the Federal Reserve Board announced in a Monday (June 23) press release that it would no longer include “reputational risk” in its formal bank examinations and supervision programs, most consumers in the United States likely barely noticed.
However, in the corridors of compliance offices, FinTech startups, financial institutions and cryptocurrency-native firms, the reverberations were immediate.
On Capitol Hill, momentum is accelerating behind two legislative efforts: the GENIUS Act to bring stablecoins under federal oversight, which has passed the Senate and moved onto the House; and another which was unveiled by lawmakers Tuesday (June 24) and intends to create a…
Jun 25 2025
