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Almost Half of Mortgaged Homes in US Now Considered Equity-Rich
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UK’s Next Prime Minister Will Inherit a Brutal Economic Storm
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Mortgage Rates in US Drop Below 5% to Lowest Since Early April
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Jo Koy’s ‘Easter Sunday’ Puts Filipinos Front And Center
Team Soft Landing Is Starting to Pull Ahead
Bank of England Gives a Lesson in Honest Central Banking
Drug Discovery Is About to Get Faster. Thank AI.
AI Art Software Dall-E Moves Past Novelty Stage and Turns Pro
A Recession-Proof Plan for Your Money
Where Does the Fed Go From Here? For Jay Powell, the Only Focus Is Inflation
Biden, WNBA React After Brittney Griner Sentenced to Nine Years
Tampon Maker Says Shortage Reports Boosted Playtex Sales
Cops Face Charges for Faking Warrant in Breonna Taylor Raid
Forecasters Trim Hurricane Season Outlook a Bit, Still Busy
Pacific Northwest’s Latest Heat Wave Sent Hundreds to Hospitals
The Cities Encouraging Healing With ‘Trauma-Informed Placemaking’
Across Europe, Gas-Strapped Cities Prepare to Power Down
Ride-Hailing Drivers Struggle With Crime and Gas Costs
Coinbase’s BlackRock Pact Reinforces Crypto Status, Burns Shorts
Revolut Bulks Up Its Crypto Business With Hiring Push
BlackRock Teams Up With Coinbase in Crypto Market Expansion
Allyson Versprille
Massachusetts Democrat Elizabeth Warren is circulating a letter among her Senate colleagues that would ask a key US bank regulator to withdraw legal guidance that has underpinned Wall Street’s foray into crypto.
Warren wants the Office of the Comptroller of the Currency to pull a series of Trump-era interpretations that paved the way for banks to offer services like crypto custody for clients. The letter, a draft copy of which was reviewed by Bloomberg News, calls on the OCC to work with the Federal Reserve and the Federal Deposit Insurance Corp. to replace them with an approach “that adequately protects consumers and the safety and soundness of the banking system.”
