Banking

Senators yesterday grilled Powell on everything from the dismantling of the CFPB to Trump’s tariff policies

The victory lap the crypto industry has run since election night is bumping into some hurdles

FX volatility is believed to be the key exhaust valve of Trump’s tariff and trade policy this year

Empire co-hosts Santiago Santos and Jason Yanowitz think bitcoin could top $150,000 by year-end

The debanking narrative has given fresh ammunition to teams building bank replacements

“Law-abiding American businesses should be able to access banking services without government interference,” Coinbase’s Paul Grewal said on X

Something very interesting showed up in the FOMC November meeting minutes this week

As part of last week’s FinCEN settlement, TD Bank allegedly failed to report transactions related to crypto to relevant law enforcement agencies

Institutions to test out the settlement of “digital assets and currencies” on a network that annually carries more than 5 billion financial messages

Plus, a look back at some of the SEC’s biggest enforcement moves under Gurbir Grewal

Spain-based Banco Bilbao Vizcaya Argentaria has been working in the new Visa Tokenized Asset Platform sandbox

Crypto advocacy group’s policy counsel notes the “coordinated attempt to choke off the digital asset industry’s access to the traditional banking system”

There’s a misunderstanding that TradFi players don’t want to transact in bitcoin, says Cantor Fitzgerald’s Howard Lutnick

“OpenFi” aims to unbundle to take the “account” out of bank account

Crypto products don’t fit in “a well-balanced, long-term investment portfolio,” Vanguard reiterates ahead of potential ether fund launches

CoinFund, EDX Clearing and Nonco are among the first users of the offering

But Goldman’s Mathew McDermott says the bank wants to see public blockchains “mature” before expanding in that arena

The end of the Federal Reserve’s Bank Term Funding Program is set to come after the launch of bitcoin ETFs and before the bitcoin halving

The Federal Reserve announced the enforcement action back in August

Under the standards, stablecoins would be sorted into two buckets: Group 1b and Group 2

The “property-rights-respecting” service seeks to minimize risks via segregated accounts, according to Custodia CEO Caitlin Long

The new rules would oblige banks in member nations to publicly share their involvement in crypto assets and the financial requirements imposed by holdings

The key barrier to more stablecoin adoption is the user interface, not the value proposition, says Carrica

The summary report was published on Sept. 27 and includes the Fed’s recommendations on how to avoid a similar situation in the future