In brief TRM Labs’ Ari Redbord told a House subcommittee that the Bank Secrecy Act is “structurally incapable” of keeping pace with …
Banks
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Markets
Why Minnesota is empowering local banks to fight Wall Street for crypto revenue
by shayaanby shayaanA local banker told CoinDesk that in light of Wall Street’s aggressive push into the crypto industry, Minnesota’s financial institutions could not …
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DeFi
MoonPay expands into tokenized assets and DeFi markets with new platform for banks
by shayaanby shayaanMoonPay is betting institutions want broader access to onchain financial products beyond simple crypto purchases. The crypto payments firm said Thursday it …
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Wyoming’s special purpose depository institutions — companies built around crypto — could soon have a path to something they’ve long been denied: …
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Regulation
Senator Elizabeth Warren accuses U.S. regulator of approving unqualified crypto banks
by shayaanby shayaanU.S. Senator Elizabeth Warren is demanding the agency that regulates national banks explain its chartering of nine crypto-focused institutions, which she argued …
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Markets
Minnesotan banks and credit unions set to provide crypto custody August 1
by shayaanby shayaanMinnesota established the midwest’s first unified digital asset safety net for banks and credit unions. www.coindesk.com
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Markets
Solana is shedding its memecoin reputation as big banks move billions into its ecosystem
by shayaanby shayaanWall Street and payment giants are quietly taking over Solana, moving billions onto the network for tokenized funds and global payments even …
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Adoption
Banks Are Trying To Kill The Biggest Crypto Bill In US History Four Days Before The Senate Vote
by shayaanby shayaanThe most important crypto bill in US history is four days from a Senate vote. Banks are trying to kill it. On …
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Regulation
How CLARITY Act survived a chaotic Senate markup after Warren, Banks and Democrats tried to slow it down
by shayaanby shayaanInside a packed Senate hearing room on May 14, the air was heavy with the tension of a high-stakes jurisdictional brawl on …
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Finance
Solana exec says ‘big banks’ are already preparing to settle in stablecoins
by shayaanby shayaanEvery time you send money internationally, it quietly bounces through a chain of intermediary banks before reaching its destination. This system is …