12 hours ago
The Federal Reserve is being sued by several groups representing America’s biggest banks on allegations that the Fed’s annual capital “stress tests” violate US law. Groups including the Bank Policy Institute, the Ohio Bankers League, the Ohio Chamber of Commerce, the U.S. Chamber of Commerce and the American Bank Association (ABA) have filed a joint lawsuit with the U.S. District Court in Columbus, Ohio. The suit alleges that the Fed’s system for testing how big banks would handle a potential economic crisis doesn’t follow proper administrative procedure. On Monday, the Fed released a press release saying it was considering how to increase the transparency of bank stress tests and reduce the volatility of its capital requirements. While the banking lobby believes that’s a “positive step,” they say that litigation is still needed to preserve their legal rights given an upcoming statute of limitations deadline. The suit says that the Fed’s stress test systems were “adopted in secret” and contain “vacillating and unexplained requirements and restrictions on bank capital.” The goal of the suit is to ensure that bank capital requirements are established in a transparent manner with public input and in accordance with the Administrative Procedure Act and the Due Process Clause, beginning in 2026. In a statement posted to its website, ABA president and CEO Rob Nichols says the Fed’s stress tests are “opaque” in nature, undermining their “value for providing meaningful insights into bank resilience.” Nichols says the ABA is pushing for more transparency behind the tests to create a fairer regulatory environment. “While we support stress testing as an important risk management tool, ABA has long advocated for the Federal Reserve to increase the transparency of its stress testing program, which shields key components like supervisory models from public view.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Lobby Representing JPMorgan, Goldman Sachs and Others Sue Federal Reserve Alleging ‘Stress Tests’ Violate Law appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Financeflux Federal Reserve goldman sachs JPMorgan Chase News regulators US banks
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
XRP Price Battles Key Hurdles: Can Bulls Prevail?
XRP price corrected some losses and climbed above the $2.25 zone. The price is now struggling to clear the $2.350 resistance zone. XRP price is attempting a fresh increase above the $2.250 resistance zone. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.285 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $2.350 resistance. XRP Price Faces Hurdles XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum . There was a decent increase above the $2.25 and $2.30 levels. The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.285 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.32 level. The first major resistance is near the $2.35 level. The next resistance is $2.40. A clear move above the $2.40 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720. Another Decline? If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.28 level and the trend line. The next major support is near the $2.240 level or the 50% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. If there is a downside break and a close below the $2.240 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.280 and $2.240. Major Resistance Levels – $2.350 and $2.40. The Daily Hodl
Donald Saves Crypto (DONALCRY) Solana Memecoin Will Rally 18,000% Before Exchange Listing, While SHIB and PEPE Underperform
Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Donald Saves Crypto can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Donald Saves Crypto on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONALCRY. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. The Daily Hodl
ALTCOIN
ASIA
-
Bitcoin Price Comeback: Can It Regain Ground?
4 saat önce
