FDIC launches new independent supervisory appeals office; CFPB advances open banking proposal; Wells Fargo to pilot tokenized deposits; Coldcard hack drains over $100 million in Bitcoin.

The FDIC has established a new independent Office of Supervisory Appeals to provide a standalone review process for disputes over supervisory determinations. Concurrently, the CFPB's proposed open banking rule has moved to White House review, aiming to implement Section 1033 of the Dodd-Frank Act. In the crypto space, Wells Fargo announced plans to launch tokenized deposits for corporate and commercial clients, enabling 24/7 fund movement and settlement via blockchain. However, the crypto market also saw a significant security incident, with hackers reportedly stealing over $100 million in Bitcoin from thousands of Coldcard hardware wallets due to a software flaw.