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 […]
Paxos Seeks National Trust Bank Charter to Expand Presence in Traditional Banking
Cryptocurrency firm Paxos Trust Company has reapplied for a U.S. national trust bank charter, seeking to bolster its position within the established financial system. This move positions the […]
Paxos Seeks National Trust Bank Status to Expand Banking Services
Cryptocurrency infrastructure company Paxos Trust Company is making a push for access to traditional banking services by applying for a national trust bank charter with federal regulators. This […]
U.S. Banks Continue Closing Crypto Accounts, Heightening Industry Concerns
Several U.S. banks are shutting down crypto business accounts without explanation, contradicting the government’s supportive stance towards cryptocurrencies. While new legislation in 2025 strengthens regulatory frameworks for digital […]
Michelle Bowman Calls for Public Input on Community Bank Regulation
Federal Reserve Governor Michelle Bowman has outlined new priorities for community banks, focusing on regulatory reform. In a speech delivered August 9, 2025, Bowman emphasizes a need to […]
Bowman to Host Community Banking Event, Discussing Regulation & Fintech
Federal Reserve Governor Michelle Bowman is hosting a community banking event on October 9th focused on regulatory challenges and technology integration. The event highlights the importance of community […]
Bowman’s Banking Event to Focus on Economic & Regulatory Insights
Federal Reserve Governor Michelle Bowman will host a community banking event on October 9th, bringing an emphasis on economic and regulatory updates. The event, organized by the Kansas […]
Trump Ends Banking Discrimination Against Crypto Businesses
President Donald Trump signed an executive order aimed at curbing discriminatory practices by federal regulators against businesses in the cryptocurrency sector. This action, effective August 7, 2025, will […]