banks

banks

Policy

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.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)

Policy

Crypto-friendly fintech giant Revolut files for U.S. banking license

The license would allow the firm to operate like a traditional bank and gain direct access to payment networks like Fedwire and ACH.

A Revolut card (Kay/Unsplash/Modified by CoinDesk)

News Analysis

Crypto world faces growing pressure to relent on stablecoin rewards to win bigger prize

As much as crypto negotiators paint bank lobbyists' campaign against stablecoin yield as unfair, it landed a blow that one dramatic move could end.

U.S. Congress (Jesse Hamilton/CoinDesk)

Finance

EU banks’ euro-pegged stablecoin in talks with crypto exchanges to ensure liquidity

Qivalis is a group of 12 major EU banks developing a euro-pegged stablecoin they plan to debut in the second half of the year.

BBVA (Photo by Franco Baldoni-Unsplash/Modified by CoinDesk)

Finance

The bank of the future: 77% of stablecoin users say they’d open a wallet with their bank today

YouGov survey published by Coinbase and BVNK also found that 71% of users would use a stablecoin-linked debit card as a means of spending them.

Wallet with bank cards (Steve Buissinne/Pixabay, modified by CoinDesk)

Policy

Crypto's banker adversaries didn't want to deal in latest White House meeting on bill

The White House had instructed crypto executives and bankers to come ready to compromise, but bankers maintained their call for a ban on stablecoin yields.

The White House, the executive office of the U.S. President (Jesse Hamilton/CoinDesk)

Finance

Latin America’s biggest digital bank just won a key battle to offer crypto custody in U.S.

The Brazilian digital bank announced it received conditional OCC approval to provide deposit accounts, credit cards, lending and digital asset custody in the United States.

Nubank office in Mexico. (Photo: Provided by Nubank Press Office/Modified by CoinDesk)

Policy

UK banks’ anti-crypto stance intensifies even as regulatory process moves forward

A crypto lobby group said it found "increased hostility" from British banks, casting a shadow over the global cryptocurrency leadership the country said it is vying for.

Tower blocks including HSBC, Citi in Canary Wharf. (Andrea De Santis/Unsplash/Modified by CoinDesk)

Policy

Trump’s AI and crypto czar says crypto and traditional banks will become ‘one industry’

Sacks believes the divide between banking and crypto industries will disappear, with banks potentially seeing stablecoin issuance as a way to enter the market.

Crypto and Artificial Intelligence Czar David Sacks speaks at the White House (Jesse Hamilton/CoinDesk)

Policy

Trump-linked World Liberty Financial-connected firm applies for federal bank charter

World Liberty Financial is trying to launch the World Liberty Trust Company, a stablecoin-focused national trust bank, it said Wednesday.

Donald Trump (Jesse Hamilton/CoinDesk)