banks
The case for $50M bitcoin and Patrick Witt 'cautiously optimistic' on Clarity Act
On this episode of CoinDesk's Public Keys at the New York Stock Exchange, Jennifer Sanasie is joined by White House Executive Director of the President's Council of Advisors on Digital Assets Patrick Witt for the latest on the Clarity Act and why stablecoin yield poses limited risk to banks. EMJX CEO Eric Jackson explains his Gen 2 digital asset treasury strategy and makes the case for $50 million Bitcoin by 2041. Plus, Morgan Stanley Managing Director and Head of Digital Asset Strategy Amy Oldenburg discusses the firm's spot Bitcoin ETF launch and its expanding crypto product suite.
Bankers rebuff White House claim that stablecoin yield doesn't threaten deposits
A new study from the American Bankers Association says the White House economists went after the wrong premise in their recent look at the issue.
ClearBank secures MiCA approval, targets Circle euro, dollar stablecoins for institutional clients
The U.K.- and EU-regulated credit institution gains crypto-asset service provider status and said it will connect clients to regulated stablecoin rails over Circle Mint
Trump-Linked World Liberty Financial raises insider access questions
On-chain data analyzed by CoinDesk shows World Liberty Financial used its own stablecoin and governance tokens to borrow tens of millions through a DeFi protocol whose co-founder is an advisor of the venture. The transactions have left retail depositors exposed to concentrated liquidation risk. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Banks are treading carefully on stablecoins despite market growth, S&P Global says
Most U.S. lenders remain in a wait-and-see mode as deposit risks, regulatory shifts and new competition complicate strategy, according to the report.
Why big banks are snubbing open ledgers to build their own private blockchains
DRW founder Don Wilson says public blockchains conflict with how institutions trade and manage risk, limiting adoption.
Monument Bank to tokenize 250 million pounds of retail deposits in UK first
The deposits will remain interest-bearing, fully backed, and protected by the country's Financial Services Compensation Scheme.
Court closes Custodia fight with Federal Reserve just as Fed opens master-account door
Just days after the Federal Reserve granted a limited master account to Kraken, crypto bank Custodia's years-long court battle with the Fed concludes in a loss.
Crypto-friendly fintech Revolut gains full UK banking license
The move is a major step in Revolut's goal to become a global digital bank. Services like crypto and stock trading remain separate.
Senators try to unlock stalled crypto Clarity Act with compromise on stablecoin yield
As the window narrows to pass a crypto market structure bill this year, lawmakers told bankers at a Washington summit that the final bill won't risk deposits.
