President Trump has officially eliminated a controversial guideline from the U.S. Securities and Exchange Commission that effectively prevented US banks from holding …
Banks
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Regulation
Donald Trump to ‘Imminently’ Sign Executive Orders Allowing Banks To Trade Crypto, Says Jeremy Allaire: Report
by shayaanby shayaanCircle chief executive Jeremy Allaire thinks President Donald Trump will enable banks to trade crypto assets. In a new interview with Reuters, …
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Finance
Ripple President Says Large Banks May Launch ‘Market-Ready Tokenized Asset Offerings’ in US This Year
by shayaanby shayaanRipple President Monica Long predicts that some of the world’s largest banks could launch market-ready tokenized asset offerings in the U.S. this …
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Regulation
US Banks Can Hold Bitcoin and Crypto Under Incoming Trump Executive Order: Report
by shayaanby shayaanPresident-elect Trump will issue an executive order effectively allowing banks and financial institutions to hold Bitcoin (BTC) and crypto assets on behalf …
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Finance
Five Big Banks Predict When US Rate Cuts Will Happen – Even Some Say Rates Will Rise
by shayaanby shayaanMajor banks have revised their Fed interest rate forecasts, signaling a shift in monetary policy expectations for 2025. Journalist Nick Timiraos summarized …
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Markets
Fidelity Expects More Nation-States, Central Banks To Buy Bitcoin In 2025
by shayaanby shayaanFidelity, in its latest report has asserted that Countries are expected to add Bitcoin into national strategic reserves in 2025, kicking off …
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Regulation
FDIC Wanted to Send Shockwaves Through Banks, According to Ripple’s Top Lawyer
by shayaanby shayaanStuart Alderoty, chief legal officer at Ripple, has opined that the Federal Deposit Insurance Corporation (FDIC) tried to send “shockwaves” throughout various …
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Regulation
US regulator warned banks on crypto but did not order halt to business, documents show
by shayaanby shayaanWASHINGTON, Jan 3 (Reuters) – A U.S. bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but …
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Scams
FDIC Took Issue With Banks Using Public Blockchains Like Ethereum, FOIA Docs Reveal
by shayaanby shayaanAmerican banks seeking to offer customers services built on public blockchain networks appear to have been discouraged from doing so by the …
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Regulation
Coinbase shares unredacted FDIC letters urging banks to avoid offering basic Bitcoin services
by shayaanby shayaanCoinbase chief legal officer Paul Grewal shared documents revealing that the Federal Deposit Insurance Corporation (FDIC) urged banks to halt or avoid …