White House crypto adviser says banks shouldn't fear stablecoin yield
Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill. The banking industry...
Tag : banks
US Banks Urge Regulator to Slow Crypto-Linked Charters Amid Rule Overhaul
In brief The banking lobby warned that conditional charters tied to unfinished legislation like the GENIUS Act could give crypto firms Fed access before regulators...
White House Stablecoin Talks Stall as Banks Push for Yield Restrictions
High-stakes negotiations between U.S. banking giants and crypto executives at the White House hit a wall yesterday, ending in an impasse over stablecoin yields. Banks...
CFTC expands payment stablecoin criteria to include national trust banks
The Commodity Futures Trading Commission (CFTC), a US financial regulator, reissued a staff letter on Friday to expand the criteria for payment stablecoins to include...
Banks and crypto could offer similar products in time: Bessent
US Treasury Secretary Scott Bessent says banks and crypto may begin to offer similar products, and pledged to prevent deposit flight concerns that are stalling...
Senator Lummis Urges Banks to 'Embrace' Stablecoins Amid CLARITY Act Stalemate
In brief Sen. Cynthia Lummis has urged banks to “embrace” stablecoins, calling them a faster, cheaper payment rail and “an entirely new financial product” for...
XRP’s ‘Legal Clarity’ Has a Catch – Banks Still Fear Torres’ Institutional-Sales Label
Six months after the SEC officially ended its crusade against Ripple, a paradox has gripped the desk: U.S. institutions are aggressively dumping direct XRP exposure...
Crypto Firms Propose Concessions to Banks as Stablecoin Disputes Stall Key Crypto Bill – Report
Some crypto firms have come up with new compromises to banks related to stablecoin disputes, a new Bloomberg report revealed. However, no agreement has been...
Australian Banks Imposing 'Unlawful Regulatory Ban' on Crypto, Says Coinbase
In brief Coinbase has submitted a detailed complaint to the Australian parliament accusing the country’s major banks of making debanking “standard protocol.” The exchange says...
Optimism Rolls Out Enterprise Blockchain Infrastructure for Fintechs – Will Banks Adapt?
Optimism launched OP Enterprise on Thursday, a production-grade blockchain infrastructure suite that provides enterprises with direct control over their chain’s economic activity and revenue through...