The U.S. Federal Reserve has officially discontinued its Novel Activities Supervision Program, marking a shift back towards normal bank oversight in the crypto realm. The program, launched in […]
Fed Ends Cryptocurrency Supervision Program, Signaling Positive Outlook for Crypto
The Federal Reserve (Fed) has ended its “new activities supervision program,” which was launched in 2023 to monitor banks’ activities related to cryptocurrencies and financial technologies. The Fed […]
Banking Groups Seek Changes to U.S. Stablecoin Law: Addressing Loopholes for Market Stability
Banking groups are pushing for amendments to the GENIUS Act, enacted in 2025, to address regulatory loopholes that could impact stablecoin issuers and consumer protection. Their concerns stem […]
Banks Raise Concerns Over Stablecoins, Clashing with Coinbase over New Law
American banks are urging Congress to strengthen the new stablecoin law, arguing it leaves loopholes that could destabilize financial systems. The American Bankers Association (ABA) and other trade […]
Bank Groups Urge Changes to Cryptocurrency Law for Stablecoin Regulation
U.S. banking groups are calling for revisions to the GENIUS Act, urging changes to stablecoin regulation, aiming to create a level playing field in the financial sector. The […]
Banking Groups Push Back Against Stablecoin Legislation
A coalition of 52 banking organizations, including the American Bankers Association and other lobbying groups, has launched a campaign to influence Senate Banking Committee leaders regarding the GENIUS […]
US Banking Groups Demand Stability Changes in Crypto Regulation
Banking associations and consumer advocates are urging lawmakers to revise the GENIUS Act, a bill aimed at regulating stablecoins. The request aims to address concerns about competitive advantages […]
Banking Industry Fears GENIUS Act’s Impact as Stablecoins Rise
The U.S. GENIUS Act, signed into law by President Trump in 2025, has sent shockwaves through the banking sector. Concerns over potential deposit losses and financial instability from […]
Crypto Platforms Profiting from Loophole in Stablecoin Law
US banks are raising alarm bells about a loophole in the GENIUS Act, a law passed in 2025 aimed at preventing stablecoins from being confused with traditional bank […]
US Banks Fear $6.6 Trillion Deposit Exodus Amid Stablecoin ‘Loophole’
Concerned about a potential financial disruption, US banks are urging Congress to close loopholes that could lead to massive withdrawals from traditional banking systems. The call comes after […]
Banks Push for Stablecoin Law Reform to Prevent Interest-Based Schemes
Leading U.S. banking groups have called on Congress to strengthen recent stablecoin regulations, warning that a loophole in the new GENIUS Act could allow issuers to indirectly offer […]
U.S. Banks Urge Congress to Close Loopholes in Stablecoin Regulation
Major U.S. banking groups are sounding the alarm about a potential threat to the nation’s financial system, urging Congress to address a critical gap in the GENIUS Act. […]
Aave Overtakes Major U.S. Banks in Deposit Volume
Aave, a decentralized finance platform, has achieved an impressive milestone by surpassing three significant US banks in deposit volume. According to PANews, Aave’s total deposits reached $67.921 billion, […]
Stablecoin Issuance on the Horizon: Banks Prepare for a New Era of Digital Payments
Major financial institutions like Bank of America and Citigroup are gearing up to launch their own dollar-backed cryptocurrency tokens, following President Donald Trump’s signing of the GENIUS Act […]
Krungthai Bank Teams Up With Partners for Virtual Bank Launch in 2026
Krungthai Bank (KTB), alongside partners Advanced Info Service (ADVANC) and PTT Oil and Retail Business (OR), has announced plans to launch a virtual bank in Thailand. This initiative […]