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US Community Banks Push Back on Coinbase Trust Charter Approval

US Community Banks Push Back on Coinbase Trust Charter Approval

[ad_1] The Independent Community Bankers of America has opposed the Office of the Comptroller of the Currency’s (OCC) conditional approval of Coinbase’s national trust bank charter, warning the application falls short of regulatory standards and could pose risks to consumers and the financial system. On Thursday, ICBA said Coinbase’s application shows deficiencies in risk controls, […]

Ripple Unveils New Offerings For Banks and Fintechs In Brazil, Eyes Key License

Ripple Unveils New Offerings For Banks and Fintechs In Brazil, Eyes Key License

[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple has announced plans to expand operations in Brazil, South America’s largest economy, aiming to improve its digital asset services in the country and obtain a key license from Brazilian regulatory authorities.  The company revealed that it is now the only […]

XRP Vs. Traditional Banks: Ripple CEO Sends Strong Message To Established Leaders

XRP Vs. Traditional Banks: Ripple CEO Sends Strong Message To Established Leaders

[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple CEO Brad Garlinghouse recently commented on ongoing tensions between the crypto industry and traditional banking groups following public comments surrounding stablecoin yield negotiations at the White House.  His response came after a series of posts on X involving journalist Eleanor […]

Banks Should Embrace Stablecoin Yield in CLARITY Act: White House Adviser

Banks Should Embrace Stablecoin Yield in CLARITY Act: White House Adviser

[ad_1] Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill. The banking industry should not be threatened by crypto companies offering stablecoin yield to customers, and both sides must compromise on the issue, according to White House crypto adviser Patrick Witt. Witt […]

Bitcoin Is Getting Banked — 60% Of Leading US Banks Are Ready

Bitcoin Is Getting Banked — 60% Of Leading US Banks Are Ready

[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is moving into mainstream banking in small, steady steps. What once seemed unlikely is becoming routine as traditional banks test ways to hold, trade, or lend against Bitcoin. Reports say a sizable slice of the biggest US banks are now […]

US Bank Regulator Allows Five Digital Asset Firms To Launch Trust Banks

US Bank Regulator Allows Five Digital Asset Firms To Launch Trust Banks

[ad_1] The Office of the Comptroller of the Currency (OCC) has conditionally approved national trust bank charters for five firms focused on digital assets. The move opens the door for the companies to operate as national trust banks, joining about 60 others under OCC supervision. The approved firms include two new charters: First National Digital […]

Banks Could Start Holding XRP Due To This Simple Change

Banks Could Start Holding XRP Due To This Simple Change

[ad_1] Banks have mostly stayed on the sidelines when it comes to holding XRP directly, even as interest in digital assets continues to increase. That hesitation has not been due to a lack of utility or demand but to strict regulatory capital rules that made holding XRP economically impractical for regulated institutions. However, a small […]