“A total of $100 billion was scheduled to go out of the door that day. The bank did not have enough collateral to meet that … and they were shut down,” said Federal Reserve Vice Chair for…
2,363 viewsOfficials from the Federal Deposit Insurance Corporation (FDIC), Federal Reserve, and Treasury Department testified on the collapse of Silicon Valley Bank and other bank failures before the…
1,217 viewsNellie Liang, treasury undersecretary for domestic finance, testified on the risks stablecoins pose to consumers and the financial market and why these risks need to be addressed through regulations as…
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