Jun 10
US banks move to lock in deposit insurance for tokenized deposits
Three banking trade groups have urged the FDIC to confirm in binding rule text that tokenized deposits qualify for deposit insurance, a move aimed less at
➤ US banking trade groups are urging the FDIC to confirm in binding rule text that tokenized deposits qualify for deposit insurance. ➤ The move aims to make the FDIC's current proposal on tokenized deposits difficult to reverse, ensuring long-term regulatory clarity. ➤ The banking associations largely agree with the FDIC's proposed rules, seeking to solidify this agreement through public comment to withstand future challenges.
