On July 18, 2025, President Trump signed the Guaranteed Essential National Infrastructure for U.S. Act (the “GENIUS Act”) into law, marking the ...

The recently passed GENIUS Act of 2025 creates a new legal framework for licensing and regulating payment stablecoin issuers. The Act is explicit in stating that an insolvent payment stablecoin issuer ...

President Trump signed the GENIUS Act into law on Friday, enacting the first major cryptocurrency legislation. The bill, which sets up a regulatory framework for payment stablecoins, reached ...

In 2017, the FDIC sued the second-largest U.S. bank for failure to pay $1.12 billion in deposit insurance assessments in violation of the Federal Deposit Insurance Act, and claimed the bank had ...

Bank of America must pay $540.3 million for underpaying deposit insurance after a federal judge ruled in FDIC’s favor for assessments from 2013 to 2014. Daniel Tepper Bloomberg ...