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According to blockchain regulatory advisers, efforts to debank the crypto industry may persist until January 2026, when Trump could appoint a new Federal Reserve Governor.
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Banking News
Banking is any kind of business activity conducted by a bank, such as accepting deposits and creating credits, and other financial services. Banking is an old industry which has been around since ancient times. Banks in their current form (or at least similar to it) first appeared in Italy, during the period of Renaissance. Since then, banking has undergone many centuries of evolution, developing new kinds of services and financial techniques. Thanks to the advances in computer hardware and software over the past decades, a lot of banking is now done online.
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EOS Network, the blockchain with the largest-ever initial coin offering, has rebranded to Vaulta as it pivots into offering Web3 banking services.
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US President Donald Trump’s SEC chair nominee, Paul Atkins, is inching closer toward becoming the SEC’s new leader, with a Senate hearing reportedly planned for March 27.
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Crypto advocates split hairs on whether XRP deserved to be in the digital asset stockpile, with many questions revolving around the token’s utility.
10369 - News
The traditional banking system feels threatened by blockchain alternatives as legacy systems underperform in terms of cost and convenience.
14347 - News
At least 30 tech and crypto founders were reportedly “secretly debanked” in the US during Operation Chokepoint 2.0.
8294 - News
The new GOP bill comes on the heels of congressional hearings into “Operation Chokepoint 2.0” and bipartisan agreement that debanking should end.
32571 - News
Despite the Trump administration being more crypto-friendly than its predecessor, it still hasn't addressed the issue of crypto debanking, Custodia Bank CEO Caitlin Long said.
6897 - Spotlight
Onchain credit bridges the gap between TradFi and DeFi, bringing frictionless borrowing directly into crypto wallets.
8202 - News
A survey from a central bank-focused think tank found that fewer than one in five central banks are inclined to issue a central bank digital currency, compared to 38% in 2022.
10305 - News
“If you think of us more like a brokerage, we’d be the 8th largest brokerage today by AUM,” wrote Armstrong.
11680 - News
“The FDIC also looks forward to engaging with the President’s Working Group on Digital Asset Markets,” acting chairman Travis Hill wrote.
3608 - News
UBS is testing blockchain for digital gold trading using ZKsync, aiming to enhance security, scalability and accessibility for retail investors.
16828 - News
Coinbase chief legal officer Paul Grewal accused the FDIC of playing “word games” after the agency said it only searched for pause letters from a specific time period.
9698 - News
“You must ensure your staff cease and desist destruction of all materials and end retaliatory actions immediately,” Lummis wrote.
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