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A fierce showdown is brewing as over 80 crypto and fintech leaders demand immediate action to block major banks from throttling consumer data access and crippling digital finance. Trump Pressed by 80 Executives as Banks Move to Block Crypto Account Links Executives from the cryptocurrency and fintech sectors called on President Donald Trump on Aug. … Read more
The BPI explains that as crypto companies circumvent the GENIUS Act guardrails, the difference in yield between ordinary banking products and stablecoins could lead to deposits migrating to the latter, putting the credit creation system at risk of failure and potentially spreading throughout the U.S. economy. Bank Policy Institute Calls for Plugging Genius Act Stablecoin … Read more
Paxos Trust Company, the cryptocurrency firm behind Paypal’s stablecoin PYUSD, is seeking a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC), Reuters reported. If approved, Paxos would convert its current New York limited purpose trust charter into a federal one, enabling it to hold assets and settle payments … Read more
Sygnum Bank that it will support the SUI cryptocurrency, enhancing access for professional and institutional clients to the Sui ecosystem. As the banking partner for the Sui Foundation, Sygnum has fully integrated SUI into its regulated banking platform, offering services such as custody, trading, and staking. The launch of SUI staking in August will provide … Read more
The new Investment Bank Law will allow so-called “sophisticated investors” to take advantage of innovative opportunities, which may include bitcoin or crypto-based products issued to seek funding, thereby opening the doors to a more dynamic crypto ecosystem in El Salvador. Investment Bank Law Puts Bitcoin Front and Center in El Salvador The newly approved Investment … Read more
Ripple’s move to launch a national trust bank is drawing fire for threatening to erode regulatory safeguards, destabilize the banking system, and blur core institutional boundaries. Ripple’s Bank Ambitions Collide With Legacy Finance The Independent Community Bankers of America (ICBA), which represents around 5,000 community banks across the country, has formally objected to Ripple Labs’ … Read more
The Wall Street Journal reports that President Donald Trump has allegedly prepared a draft executive order warning banking regulators and financial institutions that they could face disciplinary action if they discriminate against conservatives or crypto companies. An Alleged Executive Order Puts Banks on Notice Over Political, Crypto Bias A Wall Street Journal (WSJ) exclusive report … Read more
A wave of institutional crypto adoption is accelerating as six digital asset banks await federal charters, poised to unlock nationwide operations under dramatically loosened OCC oversight. Federal Greenlight Incoming? 6 Crypto Banks Await OCC Approval Six firms seeking to offer digital asset services have submitted applications for a national bank charter to the Office of … Read more
Citigroup projects bitcoin could reach $135,000 by the end of 2025 in its base-case scenario, driven by strong demand from U.S. spot bitcoin exchange-traded funds (ETFs), growing user adoption, and favorable macroeconomic trends. Citigroup’s latest report outlines a bull case of $199,000 if ETF inflows and adoption accelerate, and a bear case of $64,000 if … Read more
PNC Bank has formed a strategic partnership with cryptocurrency exchange Coinbase to expand digital asset services for its clients. The collaboration will leverage Coinbase’s institutional-grade Crypto-as-a-Service platform to enable PNC’s banking clients and institutional investors to buy, hold and sell cryptocurrencies securely through PNC’s systems. PNC will also provide select banking services to Coinbase as … Read more