Top banking trade groups slammed the Fed’s decision to hand a coveted master account to crypto firm Kraken Wednesday, arguing the move …
Banking
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Smart Contracts
Banking Regulator Floats New Stablecoin Yield Rules—Do They Hurt Coinbase?
by shayaanby shayaanIn short The OCC proposed rules that would restrict certain stablecoin rewards programs under the GENIUS Act. The language could impact Coinbase’s …
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In brief Barclays has requested information from technology providers regarding a potential push into blockchain, according to Bloomberg. The banking giant is …
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Regulation
Binance.US eyes deeper banking ties and charter options after SEC lawsuit withdrawal
by shayaanby shayaanBinance.US, the American arm of the global crypto exchange, is pursuing expansion in the US after securities regulators dropped their 2023 lawsuit …
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South Korea is taking a stricter approach to stablecoins. The Bank of Korea recently recommended that only licensed commercial banks issue won-denominated …
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Regulation
Ripple CEO confirms White House meeting between crypto, banking reps
by shayaanby shayaanThe White House has held another meeting between representatives from the cryptocurrency and banking industries on a market structure bill under consideration …
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Finance
Anchorage Digital offers non-U.S. banks a stablecoin stand-in for correspondent banking
by shayaanby shayaanAnchorage Digital, the first crypto firm to get a U.S. banking charter, wants international banks to swap out correspondent banking relationships with …
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Markets
Banking trade groups responsible for impasse on market structure bill, Brian Armstrong says
by shayaanby shayaanCoinbase CEO Brain Armstrong said updated market structure legislation may offer banks other benefits to get them on board with allowing stablecoin …
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Markets
Banking giant Intesa Sanapolo discloses $100 million bitcoin ETF holdings, along with Strategy hedge
by shayaanby shayaanThe bank also holds a large put option position on Strategy, potentially capitalizing on the company trading above the value of its …