Banks

Highlights: President Trump ordered a review of rules that may limit fintech and crypto firms. The Fed will study whether crypto firms can access payment accounts directly. Regulators must identify barriers, streamline approvals, and maintain proper safeguards. President Donald J. […]

Highlights: Elizabeth Warren criticized the OCC for approving crypto trust charters without full banking safeguards. Warren said some crypto firms may be using trust charters to act like banks. The senator asked the OCC to share charter documents and legal […]

Highlights: Minnesota has legalized crypto custody services for state banks and credit unions. Financial institutions must keep customer crypto assets fully separate from their own holdings. The new law takes effect on August 1, covering all custody services launched on […]

Highlights: Senate leaders released a 309-page crypto bill before the May 14 committee markup. The draft clarifies SEC and CFTC roles over crypto assets, trading, and disclosures. The bill also covers DeFi, stablecoins, self-custody, customer protection, and anti-money-laundering rules. Senate […]

Highlights: Galaxy says regulated stablecoins could support U.S. credit markets, not weaken the banking system. Offshore demand may drive most stablecoin growth under the GENIUS Act, Galaxy’s model shows. The report estimates stablecoins could add up to $1.2 trillion in […]

Highlights: Stablecoins overtook Bitcoin in LATAM crypto purchases as remittances reached $174 billion. Analysis says most fintechs misread LATAM users, who need trust and simple transfers. Digital and crypto rails are gaining share as Western Union loses ground regionally. Latin […]

Highlights: Senators Alsobrooks and Tillis reached a stablecoin rewards deal inside the CLARITY Act bill. Crypto firms can still offer activity-based rewards, but passive interest on stablecoins is now banned. Coinbase backed the new compromise, which could finally push the […]

Highlights: South Korea’s KBank partners with Ripple to test blockchain-based international payment transfers. The two-phase test includes on-chain remittances to the UAE and Thailand markets. KBank aims to make overseas transfers faster, cheaper, and more transparent using blockchain.  South Korea’s […]

Highlights: Morgan Stanley launched MSNXX to help stablecoin issuers manage reserve assets. MSNXX invests in short-term U.S. Treasuries and Treasury-backed repo agreements. The fund aims to preserve capital, provide daily liquidity, and maintain a $1.00 share price. Morgan Stanley Investment […]

Highlights: The CLARITY Act markup now appears set for May, as Senate Republicans disagree over timing. Senator Thom Tillis wants more time as banks push back on stablecoin yield. Crypto industry groups are pressing the Senate to act before the […]

Highlights: JPMorgan says CLARITY Act talks have reached the final stage with only few issues left. Stablecoin rewards remained the biggest dispute, but lawmakers have narrowed the disagreement sharply. Clear U.S. crypto rules could move closer as political momentum builds […]

Highlights: Senator Thom Tillis may release draft language this week on the stablecoin yield dispute. Banks and crypto firms remain divided over whether stablecoin holders should earn returns. The proposal could test whether Congress can ease a major crypto policy […]