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U.S. banks are starting to feel pressure from the cryptocurrency world as the recently approved GENIUS Act opens the door for stablecoins to enter finance. Bank executives fear this could trigger a wave of substitution that would make them obsolete. Banks Fear Substitution by Stablecoins After GENIUS Act Now that stablecoins have become regulated via … Read more
The OCC doubles down on allowing community banks to partner with stablecoin firms, aiming to boost innovation and digital services. OCC Clarifies Stablecoin Strategy—Community Banks Can Lead the Next Wave The Office of the Comptroller of the Currency (OCC) stated on social media platform X last week that community banks could broaden their reach in … Read more
The U.S. is advancing a top federal priority as the CFTC launches its next initiative to expand digital asset market access and fast-track regulated crypto trading. CFTC Launches Next Crypto Sprint Initiative to Expand Digital Asset Market Access U.S. Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline D. Pham announced on Aug. 21, 2025, that … Read more
Canadian Prime Minister Mark Carney announced Thursday that Canada will drop most of its retaliatory 25% tariffs on U.S. goods compliant with the U.S.-Mexico-Canada Agreement, effective Sept. 1, in a bid to ease escalating trade tensions with the United States. The move, affecting billions in consumer products like food, beverages, and textiles, follows a cabinet … Read more
Backed by a multimillion-dollar bitcoin donation from the Winklevoss twins, the Digital Freedom Fund political action committee is mobilizing to cement pro-crypto dominance across U.S. policy and elections. Winklevoss Twins Power Digital Freedom Fund to Back Pro-Crypto US Agenda Crypto exchange Gemini co-founders Tyler and Cameron Winklevoss disclosed on social media platform X on Aug. … Read more
Sofi (NASDAQ: SOFI) has announced the launch of its international money transfer service, allowing members to send funds abroad directly from the Sofi app with lower fees and faster delivery than traditional remittance providers. The service will utilize technology from Lightspark, which leverages the Bitcoin Lightning Network and Universal Money Address (UMA) to facilitate seamless … Read more
Charles O. Parks III, also known as “CP3O,” was sentenced today in federal court in Brooklyn by U.S. District Judge Eric Komitee to one year and one day in prison for operating a large-scale illegal cryptojacking scheme in which he defrauded two cloud computing providers of over $3.5 million in computing resources to mine nearly … Read more
Faraday Future Intelligent Electric Inc. announced on August 17, 2025, the launch of its “EAI + Crypto” Dual-Flywheel & Dual-Bridge Ecosystem Strategy, aiming to integrate artificial intelligence (AI)-driven electric vehicles (EVs) with Web3 technologies and cryptocurrency investments. The initiative includes the introduction of the C10 Index, a diversified crypto asset basket, and the C10 Treasury … Read more
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
After stating the U.S. government won’t buy bitcoin, the Treasury chief now clarifies plans to expand the Strategic Bitcoin Reserve using budget-neutral strategies that avoid new spending. US Eyes Budget-Neutral Bitcoin Acquisition to Expand Strategic Reserve, Treasury Secretary Reveals U.S. Treasury Secretary Scott Bessent took to social media platform X on Aug. 14 to clarify … Read more