Custodia Bank Loses Final Court Appeal Over Federal Reserve Master Account
A US appeals court refused to hear Custodia Bank’s final appeal, ending its five-year fight for a Federal Reserve master account....
U.S. banking agencies say capital should be same for standard or tokenized secur...
The Federal Reserve and other banking regulators clarified that the capital tally in banks needs identical treatment whether secur...
Morgan Stanley Applies for National Trust Charter to Hold Clients’ Crypto
Morgan Stanley applied for a national trust charter to custody crypto and provide trading and staking services.The post Morgan St...
German Bank ING Deutschland Opens Retail Access to Crypto-Linked ETNs
ING Deutschland has opened retail access to cryptocurrency-linked ETNs, allowing customers to gain exposure to Bitcoin, Ethereum a...
Brazil’s Nubank Wins OCC Conditional Approval for U.S. National Bank – Crypto Cu...
Nubank has received conditional approval from the OCC to organize a U.S. national bank, with 12 months to fully capitalize and 18...
Capital One Agrees to Acquire Technology and Stablecoin Firm Brex in $5.15B Deal
Capital One has agreed to acquire fintech firm Brex in a deal valued at $5.15 billion, marking one of the largest fintech transact...
Bank of America CEO Warns $6T in Deposits Could Flow into Stablecoins
Bank of America CEO Brian Moynihan has warned that stablecoins could pull trillions of dollars out of the US banking system.The p...
Most US Debanking Stems From Government Pressure, New Report Finds
A Cato Institute report finds that most US debanking cases are driven by direct or indirect government pressure.The post Most US...
Fed Teases New Account Model That Could Rewrite Crypto’s Banking Access
The Federal Reserve has opened public consultation on a new “payment account” framework that may allow crypto and fintech firms li...
SoFi Makes History: First U.S. National Bank to Issue Stablecoin on Public Block...
SoFi Bank has issued SoFiUSD, a fully reserved U.S. dollar stablecoin on a public blockchain, the first by a U.S. national bank, p...