Major US banking trade groups have asked the Treasury Department and the FDIC to pause three $GENIUS Act rulemaking comment periods until …
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Banks
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Markets
Americans still prefer banks over crypto for financial access, CoinDesk's survey shows
by shayaanby shayaanNew polling of voters suggests they aren’t yet warming much to crypto, tending to see it as a negative force in the …
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Finance
Fed’s Bowman flags rising AI risks to banks, calls for coordinated oversight
by shayaanby shayaanFederal Reserve Vice Chair for Supervision Michelle Bowman urged regulators to work more closely together as artificial intelligence tools rapidly make their …
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Regulation
Banks and the Crypto Industry Reach Compromise on Clarity Act – Here Is the Full Text
by shayaanby shayaanThe long-awaited stablecoin yield compromise for the CLARITY Act, a critical legislation under US cryptocurrency regulations, has been clarified. According to text …
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Latest developments: Banking groups want regulators to pump the brakes on the Genius Act rollout. Major U.S. banks have asked for extended …
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Finance
The world’s central banks are now treating stablecoins like a real multi-trillion dollar monetary threat
by shayaanby shayaanThe world’s central banks stopped arguing about whether stablecoins are risky long ago. Their main concern now is about who will control …
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Regulation
US Banks Are Calling Senators Directly to Kill the CLARITY Act’s Stablecoin Yield Rule
by shayaanby shayaanUS banking groups have escalated their campaign against the CLARITY Act by calling Senate offices directly, with the North Carolina Bankers Association …
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Brahimi explores the impact of European banks’ integration of digital assets into their existing brokerage and payments infrastructure in the wake of …
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Regulation
Stablecoins not a threat to banks in the near-term: Moody’s analyst
by shayaanby shayaanThe impact of stablecoins on the banking sector appears “limited” at the current phase of the adoption cycle, but banks could face …
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Regulation
Banks in the U.S. Are Starting to Fear the Crypto Regulation – They’re Taking Action
by shayaanby shayaanAs the countdown continues for the CLARITY Act, a critical bill regulating cryptocurrencies in the US, a notable move has come from …