Crypto banking rule withdrawal by Fed ‘not real progress’ — Senator Lummis
United States Senator Cynthia Lummis suggests the crypto industry may be celebrating too soon over the US Federal Reserve softening...
banking
Circle denies plans to become a bank, focuses on aligning with stablecoin regulations
Circle, the issuer behind the USDC stablecoin, has firmly denied rumors suggesting it plans to apply for a US banking...
Federal Reserve relaxes crypto partnership rules for banks
The US Federal Reserve confirmed that it rescinded earlier directives concerning banks’ involvement with crypto and dollar tokens, according to...
Restaking Protocol Ether.fi Pivots to Become Neobank, Rolls Out Payment Cards in U.S.
Restaking protocol Ether.fi said it plans to add banking services that will see it become a decentralized finance (DeFi) neobank.The...
Stablecoins might unbundle banking (and then rebundle it)
This is a segment from the Blockworks Daily newsletter. To read full editions, subscribe. “There are only two ways to make...
Commission livid as ECB warns of crypto apocalypse under Trump – POLITICO
The official also claimed the ECB has recently been hyping the stablecoin menace to bolster political support for its controversial...
Crypto Knocks on the Door of a Banking World That Shut It Out – WSJ
Circle, BitGo and other crypto firms plan to apply for bank charters or licenses. Source link
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Yemen’s crypto exodus: DeFi usage soars 63% as U.S. sanctions cripple Houthi banking
Houthi jumped to DeFi amid U.S. sanctions against Yemen and Iranian backers. DeFi usage in Yemen spiked to 63%, a...
Stablecoins’ dominance due to limitations of US banking — Jerald David
Stablecoins rose to popularity as a result of limitations in the US financial system — particularly restricted banking hours and...