Legal firms have offered summaries of the features of the GENIUS Act, and several contend that the Act precludes payment stablecoins from receiving federal deposit insurance benefits. [2] While ...

That means federal deposit insurance will protect your money if the bank fails. Here's how it works and what it does -- and doesn't -- cover.

Newly sworn-in President Donald Trump on Monday appointed Federal Deposit Insurance Corporation vice chair Travis Hill to lead the agency on an acting basis, the White House said.

Project 2025, however, does not explain what this would mean for the FDIC’s responsibilities and functions, and it’s unclear if government-backed deposit insurance would be reduced or fully ...

Legal firms have offered summaries of the features of the GENIUS Act, and several contend that the Act precludes payment stablecoins from receiving federal deposit insurance benefits. [2] ...