US President Donald Trump is moving ahead with a plan to target banks that cut off customers over politics or crypto. His team is expected to issue an executive order within days. According to a report from The Independent, the order will push regulators to dig into possible breaches of the Equal Credit Opportunity Act,…
US President Donald Trump is reportedly preparing to sign an executive order aimed at curbing discrimination against the crypto industry by US banks, the Wall Street Journal reported on Aug. 4. According to sources familiar with the matter, the order would introduce fines for banks that block transactions involving crypto companies. This measure would address…
The White House is reportedly preparing an executive order that would penalize banks for dropping customers over political or ideological reasons, in a move aimed at curbing what conservatives and crypto firms have long called financial discrimination. A draft of the order, viewed by The Wall Street Journal, instructs bank regulators to investigate whether financial…
Coinbase has urged US lawmakers to modernize the Bank Secrecy Act (BSA) by incorporating Zero-Knowledge Proofs (ZKPs) into the country’s financial compliance framework. In an Aug. 4 statement, Coinbase’s Chief Legal Officer Paul Grewal argued that ZKPs could enhance financial transparency while simultaneously protecting consumer privacy. Why Zero-Knowledge Proofs? According to him, the existing Know-Your-Customer…
According to court papers filed on Tuesday, Coinbase has pushed back hard against the Federal Deposit Insurance Corporation’s latest bid to toss out its Freedom of Information Act lawsuit. The exchange wants more details about so-called “pause letters” that the FDIC allegedly sent to banks, telling them to step away from crypto services. Now, Coinbase…
On July 30, 2025, the White House released its first major policy roadmap from the President’s Working Group (PWG) on Digital Asset Markets, mandated by Executive Order 14178. Following recent legislative initiatives, such as the market structure bill and the GENIUS Act, this report marks another significant milestone in the administration’s evolving approach to integrating…
Senator Cynthia Lummis (R‑Wyo.) introduced the 21st Century Mortgage Act on July 29, legislation that aims to bring US underwriting into the digital era by requiring Fannie Mae and Freddie Mac to consider digital assets when assessing single‑family mortgage eligibility. The bill directs the government‑sponsored enterprises to recognize assets recorded on cryptographically secured ledgers and…
Gemini co‑founder Tyler Winklevoss said JPMorgan froze the crypto exchange’s effort to regain banking services after he accused “banksters” of trying to strangle fintech and crypto firms. In a thread on July 25, Winklevoss claimed the bank told Gemini that his earlier tweet had prompted a pause in re‑onboarding, an effort underway since JPMorgan off‑boarded the company…
A coalition of crypto, fintech, and retail trade groups has urged President Donald Trump to take a firm stance in defending the nation’s open banking framework, warning that legal challenges by major banks threaten consumer data rights and could derail the administration’s innovation agenda. In a July 23 letter, the Financial Technology Association, Blockchain Association,…
PNC Financial Services Group has formed a partnership with Coinbase to let the bank’s customers access crypto services, as Bloomberg News reported on July 22. According to PNC’s head of treasury management Emma Loftus, the arrangement is in its early phase. It will begin by allowing wealth and asset management clients to trade cryptocurrencies directly…