Asia’s financial services giant DBS has launched its tokenized structured notes on the Ethereum network for accredited and institutional investors, marking a public-chain expansion of the bank’s digital asset program. The notes are issued on Ethereum and sold in smaller ($1,000) units than conventional private-bank products, targeting distribution to eligible clients via licensed platforms. The…
The Crypto Council for Innovation (CCI) and the Blockchain Association jointly issued a letter on Aug. 20 endorsing Brian Quintenz for Chairman of the US Commodity Futures Trading Commission (CFTC). In the letter to President Donald Trump, the groups emphasized that confirming Quintenz promptly is critical to advancing his administration’s agenda to foster a “golden…
Four in 10 crypto investors in Britain reported that their banks blocked or slowed payments to digital asset platforms, highlighting growing tension between traditional finance and the country’s crypto sector. The findings come from an IG Group survey of 500 active crypto users and 2,000 adults across the U.K., according to a CoinTelegraph report. Crypto…
Federal Reserve Vice Chair for Supervision Michelle Bowman has called for banks to embrace blockchain technology or risk losing relevance. At the Wyoming Blockchain Symposium on Aug. 19, Bowman emphasized that regulators and banks must adopt a more proactive approach to the crypto industry. She pointed out that integrating these new innovative technologies would be crucial…
Federal Reserve Vice Chair for Supervision Michelle Bowman acknowledged that crypto corporations skilled debanking resulting from regulatory uncertainty. In the course of the Wyoming Blockchain Symposium on Aug. 19, Bowman additionally announced a fundamental shift within the Fed’s strategy to blockchain innovation. She revealed the central financial institution eliminated reputational risk considerations from financial institution…
Japan and South Korea are moving quickly to create clearer rules for stablecoins as global interest in digital currencies grows. Stablecoins are cryptocurrencies designed to hold steady value by linking to fiat currencies, commodities, or other assets. Their use in payments, trading, and DeFi has expanded rapidly, with forecasts suggesting the market could grow into…
Over 80 executives from leading crypto and fintech companies, including Gemini, Andreessen Horowitz, Paradigm, and Kraken, have called on US President Donald Trump to block new bank-imposed fees for accessing consumer financial data. In an Aug. 14 letter, the group argued that these charges, set to take effect in September, directly threaten innovation and consumer…
A coalition of US banking groups, led by the Bank Policy Institute (BPI), has urged lawmakers to address a major oversight in the recently passed GENIUS Act stablecoin bill. In an Aug. 12 statement, the BPI conceded that the bill blocks stablecoin issuers from offering direct yields or interest to holders. However, they pointed out…
Aave, one of the largest decentralized lending protocols, could see its net deposits soar to $100 billion before the end of this year, according to the platform’s founder, Stani Kulechov. In an Aug. 10 post on X, Kulechov explained that the DeFi protocol’s current growth rate could push it to that figure sooner than expected….
President Donald Trump issued a debanking executive order this week aimed at stopping what his administration described as unfair banking discrimination toward the crypto sector. Will the order be the definitive blow to the so-called Operation Choke Point 2.0? Will banks that debanked crypto companies unfairly be forced to reinstate them? Custodia Bank founder and…