Banking

Labor unions and major banks are now aligned against the Senate’s CLARITY Act, warning the crypto market structure bill could put retirement savings, bank deposits, and financial stability at risk ahead of Thursday’s pivotal committee vote.

American Bankers Association CEO Rob Nichols urged bank leaders to lobby against a stablecoin yield provision in the Digital Asset Market Clarity Act ahead of Thursday’s Senate markup.

EDX Markets, an exchange backed by Citadel Securities, applied for a national trust bank charter with the OCC.

Google’s quantum research is accelerating fears that Bitcoin’s cryptography may face a real timeline — not a theoretical one — forcing the network to race toward quantum-resistant upgrades.

Banks generated $434 billion in 2025 from deposit spreads, while savers lost purchasing power to inflation. Bitcoin shows another way.

Citi plans to introduce infrastructure that integrates Bitcoin into its banking systems, a bank executive said.

UBS CEO Sergio Ermotti said the bank is building digital-asset infrastructure and exploring bitcoin access for individual clients, joining a growing wave of European lenders moving toward regulated crypto services.

The Digital Asset Market CLARITY Act heads into a crucial week on Capitol Hill as Senate committees prepare markups on the long-awaited U.S. crypto regulation.

JPMorgan is exploring whether to offer spot and derivatives bitcoin trading to institutional clients, reflecting rising demand for U.S. bank-grade crypto execution

The OCC has conditionally approved five crypto firms — Ripple, Circle, Fidelity Digital Assets, BitGo, and Paxos — to become national trust banks, advancing the integration of digital assets into U.S. federal banking.