Aaron Judge is hitting like peak Barry Bonds during a period where offense is down and pitching is better than ever. He is the best hitter in baseball.
BUSINESS
Star Wars Day Celebrates ‘Revenge Of The Sith’ $900 Million Anniversary Gift
May 4th is Star Wars Day, and this year’s “May the Fourth Be With You” coincides with the 20th Anniversary blockbuster re-release of “Episode III – Revenge of the Sith.”
Federal Reserve Regulation D: What It Is, Limits on Withdrawals
Fact checked by Suzanne Kvilhaug
Reviewed by Thomas J. Catalano
What Is Federal Reserve Regulation D?
Regulation D is a Federal Reserve rule created to ensure banks and credit unions have enough cash reserves, and it sets requirements for savings and money market accounts.
In 2020, the Fed changed the reserve requirement for financial institutions and removed the limit on consumers’ savings withdrawals. Despite the suspension of the rule, banks and credit unions were given the option to enforce a monthly limit.
Key Takeaways
- Regulation D, a federal rule, set reserve requirements for banks and credit unions.
- It limited the number of withdrawals or transfers consumers could make from their savings and money market accounts.
- Financial institutions are no longer required to impose the limits.
- Some banks and credit unions have kept the six-transaction limit in place, while others do not enforce the rule.
How Regulation D Worked
The Federal Reserve put Regulation D in place to implement monetary policy.
One way it sought to ensure adequate levels of reserves at financial institutions was to limit withdrawals and transfers from savings accounts. The rule does not limit all types of transactions; it focuses on those considered to be “convenient” transactions, and those include bill pay services, writing a check, using a debit card, overdraft transfers, and money transfers completed by phone, fax, or online.
Bank checks and withdrawals or transfers made inside a bank or at an ATM did not count toward the monthly limit.
The rule applied to savings-related accounts and did not limit checking accounts, which are transaction-oriented (intended for tasks such as paying bills and making purchases).
Important
Fed Reg D is not the same as Securities and Exchange Commission (SEC) Regulation D, which governs private placement exemptions.
Changes in Regulation D
In April 2020, the Federal Reserve announced that it was no longer requiring financial institutions to enforce transaction limits because it was switching to a different reserve strategy. Additionally, it wanted to give consumers greater access to their cash during the coronavirus pandemic and the related economic impact. However, the interim rule did not forbid financial institutions from maintaining the withdrawal limits, and some banks and credit unions continue to enforce the monthly caps.
Which Transactions Were Limited?
The rule covered these transaction types for savings and money market accounts:
- Online transfers
- Phone or fax transfers
- Overdraft transfers to a checking account
- Debit card transactions
- Check transactions
- Automated transfers, such as recurring withdrawals or bill pay
Is Regulation D Still Suspended?
As of May 3, 2025, Regulation D was still suspended. It will likely continue to be suspended as it is part of the Fed’s ample supply of money strategy.
What Are the Requirements of Regulation D?
Regulation D required banks to restrict transactions from savings and money market accounts to a maximum of six per month to help the Fed implement monetary policy. The requirements were suspended in 2020.
Can I Withdraw $20,000 From a Bank?
Yes, you can withdraw $20,000 from a bank. Your bank may not allow that amount in one transaction, so it’s best to check before you make the withdrawal to learn its procedures.
The Bottom Line
Some banks and credit unions enforce a monthly six-transaction limit on savings or money market accounts, but they are no longer required to do so by Regulation D. Contact your financial institution or check your account details to see if you are subject to any limits and to understand any related issues.
Updated Northern Lights Forecast: These 6 States Could See Aurora Borealis Tonight
Chances for a group of northern U.S. states to see the northern lights are low Saturday night but are forecasted to improve by Sunday.
Jenna Ortega Says She Misses Anonymity She Had Before ‘Wednesday’
“Wednesday” star Jenna Ortega says she misses not being known prior to the success of the blockbuster Netflix series.
‘Thunderbolts’ Review: The Best Marvel Movie In A Long Time, With One Big Problem
Thunderbolts is great fun, even if it rushes its final act.
A Tiny Company Wants to Buy $20M TRUMP Token to Change U.S.-Mexico Trade Deals
Freight Technologies (FRGT), a $4.8 million market cap logistics tech firm focused on cross-border trade between the U.S. and Mexico, has entered an agreement to buy up to $20 million in the Official Trump Token (TRUMP) to build out its crypto treasury.
The company said it secured the funding through a convertible note facility with an institutional investor, with an initial $1 million tranche already committed. The capital will be used solely to acquire TRUMP tokens, making it one of the first publicly listed companies to do so.
The decision follows a separate investment in AI-linked FET tokens currently valued at $8 million, which the company says supports AI tools used across its logistics platforms.
Buying digital assets for publicly traded companies isn’t a new strategy.
Michael Saylor championed it with a bitcoin strategy, and others, such as Semler Scientific (SMLR), followed through. Most recently, Cantor (CEP) is making a splash with huge dry powder to do the same. Meanwhile, companies such as Sol Strategies (HODL) and Janover (JNVR) are buying up SOL tokens to give investors exposure to the cryptocurrency.
The trend is also picking up in Japan, where hotel firm Metaplanet has recently hit 5,000 BTC on its balance sheet and issued $25 million in bonds to fund additional purchases. Smaller firms, including Value Creation, Remixpoint, NEXON, Anap Holdings, and WEMADE are also accumulating the cryptocurrency.
However, Freight’s mandate is slightly different: to influence the U.S.-Mexico trade deal amid President Trump’s all-out trade war.
“We believe that the addition of the Official Trump tokens are an excellent way to diversify our crypto treasury, and also an effective way to advocate for fair, balanced, and free trade between Mexico and the US,” Javier Selgas, the company’s CEO, said in a press release on April 30.
While such a strategy could help a company such as Freight, influencing presidential decisions by buying a memecoin could bring up the question of conflict of interest. Just recently, Trump said he will hold a private dinner with top token holders, drawing outcry from Democratic lawmakers, who cited the president’s involvement with the token as potential grounds for impeachment.
On April 25, Sen. Jon Ossoff (D-Ga.) pointed to the crypto project offering its top holders an invitation to a dinner event with President Trump, calling it a clear case of selling access to the presidency.
For Freight, whose stock price plunged nearly 90% in the last 12 months and is heavily tied to cross-border trading, it seems this might be the best way to keep share prices afloat.
“At the heart of Fr8Tech’s mission is the promotion of productive and active commerce between the United States and Mexico. Mexico is the United States’ top goods trading partner, with Mexico being the leading destination for US exports and the top source for US imports,” Selgas added.
After announcing the move, Freight Technologies’ shares jumped over 111% before the closing bell on Friday. However, in after-hours trading, the stock plunged 21.6%.
Freight Technologies’ product lineup includes a suite of applications, ranging from cross-border freight booking to transportation management, all aimed at modernizing the flow of goods in North America.
Other companies have made investments in the crypto space linked to the U.S. President. Last month, DWF Labs invested $25 million in the decentralized finance protocol backed by Trump and his family, World Liberty Financial (WLFI), as it moved to establish a physical presence in the U.S.
The investment gives DWF Labs a governance stake in the project, which has been accumulating various cryptocurrencies and is set to soon launch a stablecoin backed by short-term U.S. Treasury bills and other cash equivalents, called USD1.
TRUMP tokens are trading at $12.7, up just 0.1% for the day and 42% in the last 30 days.
Read more: Why Trump’s Tariffs Could Actually be Good for Bitcoin
Successful Entrepreneurs Are Using This New Platform to Improve International Connections
Learn more than 50 languages in one app for $35.
Arizona Governor Calls Crypto an ‘Untested Investment,’ Vetoes Bitcoin Reserve Bill
Arizona will not be investing in bitcoin (BTC), at least not this year.
Governor Katie Hobbs vetoed a bill on Friday that would have allowed the state to hold the digital asset as part of its official reserves.
The legislation, known as Senate Bill 1025, proposed using seized funds to invest in BTC and create a digital assets reserve managed by the state. After passing the state House in a narrow 31–25 vote, the bill reached Hobbs’ desk, where it was swiftly struck down.
“The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments. Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currencу,” Hobbs wrote in a statement.
The veto ends a push that could have made Arizona the first state to set up a cryptocurrency reserve, and it could have even outpaced the U.S. Treasury Department in doing so.
Read more: As One State Gets Closer on a Crypto Reserve, Others Jump Into the Fray
‘Like Spitting on a Fire’: Tether CEO Slams EU Deposit Protections Amid Bank Failure Warnings
Tether CEO Paolo Ardoino is sounding the alarm on Europe’s financial system, warning that a wave of bank failures could hit the continent in the near future due to the intersection of risky lending and new cryptocurrency rules.
Ardoino, during an interview with the Less Noise More Signal podcast, took aim at the European Union’s regulatory framework for stablecoins, which he said pushes companies like Tether to keep the bulk of their reserves—up to 60%—in uninsured bank deposits.
In his scenario, that could mean holding 6 billion euros of a 10 billion euros-pegged stablecoin in small banks with minimal protection. “The bank insurance in Europe is only 100,000 euros,” he said. “If you have 1 billion euros, that’s like spitting on a fire.”
European banks, like every other bank, operate on a fractional reserve, Ardoino added. “They can lend out 90% of it to people that want to buy a house, start a business, and all of that.” In his hypothetical 6 billion euros scenario, this would mean 5.4 billion euros would be lent out by the bank.
He likened the setup to the lead-up to Silicon Valley Bank’s collapse in 2023, when a flood of redemptions exposed the mismatch between deposits and actual liquidity. Ardoino warned that European banks operate under similar fractional reserve models that could unravel under pressure. A 20% redemption event, he estimated, could leave banks short billions.
“As a stablecoin issuer, you go bankrupt — not because of you, but because of the bank. So the bank goes bankrupt and you go bankrupt, and the government would say, ‘Told you so, stablecoins are very dangerous,” Ardoino said.
Regulations in Europe, he added, are made to try to help banks in the bloc and bring them liquidity, but this created “huge systemic risk.” The largest banks in Europe, like UBS, would “not bank stablecoins,” pushing stablecoin issuers to use smaller banks, furthering the risk.
The comments come as Tether plans to launch a U.S.-based stablecoin product, and as the stablecoin issuer keeps investing in various projects outside of the ecosystem, having recently raised its stake in Latin American producer Adecoagro.