The FBI is currently investigating allegations of fraud against a bank manager who allegedly opened clients’ accounts without permission and diverted funds for personal use. No official sources […]
OCC Lifts Consent Order Against Anchorage Digital: Signaling Shift in Crypto Regulation
The U.S. Office of the Comptroller of Currency (OCC) has terminated a consent order previously placed on cryptocurrency custody bank Anchorage Digital in 2022. This decision signifies a […]
Wall Street Groups Call for Halt to Strict Crypto Banking Rules
Eight major financial industry associations have urged the Basel Committee on Banking Supervision (BCBS) to pause implementation of new rules governing digital asset risk management. They argue that […]
Federal Reserve Ends Specialized Crypto Oversight: Implications for Banks and Crypto Markets
The Federal Reserve is eliminating its specialized oversight of cryptocurrency within banking, merging these activities into standard supervisory processes. This move could ease interactions between banks and crypto […]
Paxos Seeks National Trust Bank Status to Enhance Regulatory Compliance
Stablecoin issuer Paxos has filed for a national trust bank charter with the U.S. Office of the Comptroller of Currency (OCC), joining Ripple and Circle in seeking federal […]
Trump’s Executive Order Addresses Debanking Practices in Crypto
President Trump issued an executive order aimed at preventing politicized or unlawful debanking practices, sparking discussions within the financial sector about cryptocurrency banking regulations. Crypto industry experts are […]
Walmart and Amazon Join Stablecoin Revolution Amidst Regulatory Push
Major retailers Walmart and Amazon are exploring the development of their own USD-backed stablecoins to streamline payments for customers. This initiative comes amidst growing institutional acceptance of stablecoins […]
Stablecoin Competition Threatens Small Banks: $13B Asset Risk on the Horizon
Small and regional banks across the United States are facing a significant challenge from proposed stablecoin legislation currently under debate in the Senate. The legislation, intended to regulate […]
OCC Allows US Banks to Offer Crypto Services, Enabling Expansion into Digital Assets
The Office of the Comptroller of the Currency (OCC) has issued new guidance allowing U.S. banks to buy, sell, and manage crypto assets under their custody. This marks […]
US Banks Gain Freedom to Offer Crypto Services
The US Federal Reserve has removed a long-standing requirement for banks to seek approval before engaging in crypto activities. The move signifies the end of ‘Operation Choke Point […]
Federal Reserve Lifts Crypto Restrictions for Banks
The Federal Reserve has lifted restrictions on banks’ involvement with cryptocurrencies, signaling a shift towards greater innovation and adoption within the financial sector. This change follows the departure […]
Treasury Weighs Potential Banking Rule Changes Amid Bond Market Volatility
The US Treasury Department is actively exploring potential changes to banking regulations in response to recent market turbulence. This follows a substantial drop in US Treasury bonds last […]
Anchorage Bank Investigated by DHS: What Led to Regulatory Scrutiny?
Anchorage Digital, a prominent cryptocurrency bank valued at over $3 billion, has become the target of an investigation by the Department of Homeland Security. This sudden scrutiny marks […]
Trump Administration Simplifies Banking for Cryptocurrency Firms
The Trump administration is taking steps to ease financial hurdles faced by cryptocurrency businesses in the US. Recent communications from U.S. banking regulators, including the Office of the […]