Bank Abruptly Shut Down by US Regulator in First Bank Failure of 2026
[ad_1] US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2026. The Federal Deposit Insurance Corporation (FDIC) says the Illinois Department of Financial and Professional Regulation (IDFPR) has closed Metropolitan Capital Bank & Trust. The FDIC has been appointed as the receiver and has entered into a purchase […]
Coinbase CEO Brian Armstrong Abruptly Drops Support for Major US Crypto Legislation, Calls New Version ‘Materially Worse’ Than Status Quo
[ad_1] Coinbase CEO Brian Armstrong says he can’t support a major crypto bill making its way through Congress in its current form. Armstrong says he believes the latest version of the Clarity Act is worse than the current status quo. He cites multiple key features that are a no go for the largest US crypto […]