The FDIC board will discuss rules that could impact crypto firms amidst debanking concerns. Acting FDIC chair Travis Hill criticized regulators for using “reputation risk” to prevent banks from engaging in crypto activities. Court documents from a FOIA request showed the regulator asked some institutions to “pause all crypto asset-related activity” in 2022.

The US government shut down after lawmakers failed to pass a bill extending funding. This shutdown has reduced operations at financial regulators like the SEC and CFTC, but the FDIC will remain “open and operational.” Despite the shutdown, the FDIC’s board will still discuss proposed rules that could impact crypto firms.

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1. Bitcoin reaches new all-time high of $50,000, fueled by increased institutional interest and mainstream adoption, breaking previous records set in 2017.

2. Ethereum hits $2,000 milestone for the first time, following in Bitcoin’s footsteps as institutional investors show growing interest in the cryptocurrency market.

3. Dogecoin experiences surge in value after Elon Musk tweets support, reaching a new all-time high of $0.08 and gaining popularity among retail traders.: FDIC Set to Discuss Rule That May Shape Banks’ Crypto Relationships