Banking News

State Street, one of the world’s top three asset managers, can now custody blockchain-based debt securities for institutional clients.

Crypto advocacy groups accuse Wall Street bankers of trying to tilt stablecoin rules in their favor, warning Congress against changes to the GENIUS Act.

The Federal Reserve vice chair for supervision, Michelle Bowman, said the central bank should roll back its restrictions that ban staff from buying crypto.

The Banking Policy Institute wants lawmakers to further fine-tune the GENIUS Act to prevent any possibility of interest-bearing stablecoins.

A China Merchants Bank subsidiary launched a Hong Kong-based crypto exchange for professional investors after securing a virtual asset service provider license.

The Bank for International Settlements floated a compliance score for crypto-to-fiat off-ramps, using transaction history to flag and potentially freeze “tainted” assets.

Over 80 crypto and fintech executives asked the Trump administration to stop banks from levying data access fees, which threaten their business models.

US banking groups have urged Congress to close a so-called loophole letting stablecoin issuers offer yields through affiliate firms, fearing it undermines the banking system.

The cypherpunk ethos is retreating from the limelight, as institutions and centralized players take center stage, driving new narratives.

The new law will allow investment banks, which can underwrite companies, issue securities, and are institutionally focused, to hold BTC.

The European Banking Authority completed draft rules requiring banks to assign a 1,250% risk weight to unbacked cryptocurrencies like Bitcoin and Ether.

The White House may issue an executive order directing bank regulators to investigate debanking claims by crypto execs and conservatives, the WSJ reported.

Societe Generale will provide liquidity for 21Shares’ Bitcoin and Ethereum ETPs, expanding access for institutional crypto investors in Europe.

The Financial Times cited an unidentified source saying CEO Jamie Dimon’s previous remarks about Bitcoin had alienated some potential clients.

US banking and credit union groups asked the OCC to delay deciding on bank license applications from crypto firms, arguing there are “significant policy and process concerns.”