Stablecoin market surges post-genius act as banks and asset managers enter
The ink on the GENIUS Act is barely dry, but its ripple effects are already visible across the crypto industry....
Banks
Crypto, fintech lobbies urge Trump to defend open banking amid big banks’ legal challenge
A coalition of crypto, fintech, and retail trade groups has urged President Donald Trump to take a firm stance in...
Can the Genius Act save banks from stablecoins?
This is a segment from The Breakdown newsletter. To read more editions, subscribe. “No member bank shall, directly or indirectly by...
US Regulators Allow Banks Custody Over Bitcoin And Crypto
Federal banking regulators issued a joint statement today emphasizing that banks involved in bitcoin and crypto-assets-related custody and other activities...
OCC, Fed, FDIC publish joint guidance for banks offering crypto custody
The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (Fed), and the Federal Deposit Insurance Corporation...
US Federal Agencies Outline Key Risks for Banks Eyeing Crypto Custody
Three federal agencies of the United States government outlined the risks facing banks if they decide to custody crypto on...
US Banks Can Finally Custody Crypto, Regulators Confirm
The OCC, FDIC, and Federal Reserve released a joint statement today, explicitly giving banks permission to custody clients’ crypto. Several...
UK Banks Should not Issue Stablecoins
Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should...
Senate Picks a Pro-Crypto OCC Chair To Supervise National Banks
Jonathan Gould, a former BitFury executive and crypto ally, just passed a Senate vote to become the next Chair of...
Australia Banks Join Digital Currency Trial for Tokenized Assets
Australia’s central bank said on Thursday it’s moving to its next stage in exploring digital currencies, launching a trial on...