U.S. Banks Seek Delay in GENIUS Act Stablecoin Rules
TLDR U.S. banking groups asked the Treasury Department to extend comment periods on GENIUS Act stablecoin rule proposals. The associations requested at least 60 additional...
Category : Banks
Banks Took $434 Billion From Americans Last Year — Is it Time for Bitcoin?
Banks extracted hundreds of billions from American savers last year — and the scale of it shows a deep structural issue in America’s financial system....
Banks Take Hard Line on Stablecoin Yields as White House Talks Stall
Crypto and banks clashed over stablecoin rewards, with no agreement reached ahead of the March 1 deadline. Banks and crypto executives met again at the...
Are Banks at Risk From Silver Exposure? Here Is A Reality Check
TLDR: Claims suggest banks hold $891 billion in paper silver shorts requiring 400 billion ounces to cover physically. Most silver derivatives settle in cash rather...
US Banks Warn OCC Crypto Charters Could Weaken Financial System Stability
TLDR US banking groups oppose OCC’s approval of crypto charters, citing regulatory risks. ABA and ICBA warn OCC’s crypto charter move could undermine the banking...
OCC Confirms Banks Can Act as Intermediaries in Crypto Transactions
Bitcoin Magazine OCC Confirms Banks Can Act as Intermediaries in Crypto Transactions The Office of the Comptroller of the Currency (OCC) clarified today that national...
Big Banks Push to Dismantle GENIUS Act as Crypto Group Fights Back
TLDR: Blockchain Association warned banks want to roll back GENIUS Act protections, risking consumer access to stablecoin innovation. Letter to Congress stresses GENIUS guarantees one-to-one...
Licensed Banks Can Now Tap Binance’s Crypto-as-a-Service to Offer Crypto Access at Scale
TLDR: Binance introduces Crypto-as-a-Service, letting banks and brokers launch crypto services with full control and Binance-powered infrastructure. Internalised trading gives institutions the ability to match...
US Banks Demand Stablecoin Yield Ban While Paying Depositors Nearly Nothing
Banks are upping the ante in their fight against yield-bearing stablecoins, which could threaten bank deposits and their profit margins. ......
OCC Gives Banks the Green Light to Offer Bitcoin and Crypto Custody and Trading Services
Bitcoin Magazine OCC Gives Banks the Green Light to Offer Bitcoin and Crypto Custody and Trading Services The OCC's latest guidance clarifies that national banks...
