The Federal Reserve is signaling a less hostile stance toward crypto banking, with supervisors now expected to apply normal risk standards instead of treating digital asset firms like they’re automatically suspect. Fed supervision is getting less anti-crypto “Reputation risk” is losing its favorite abuse case Banking access could improve for legit crypto firms Compliance still […]
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Custodia Bank is taking its fight over a Federal Reserve master account to the U.S. Supreme Court, turning a regulatory denial into a broader test of who gets direct access to the American payment system. Custodia Bank asks the Supreme Court to review the Fed’s denial A master account means direct access to Federal Reserve […]
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United Texas Bank just cleared a major regulatory hurdle that could give crypto firms something they’ve been desperately short on: a serious, federally chartered banking partner that isn’t afraid of digital assets. OCC approval gives UTB a national bank charter Direct access to Federal Reserve payment systems, including wire transfers and ACH FDIC insurance stays […]
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President Donald Trump has signed two executive orders that could reshape crypto and banking access in the U.S., with one hand easing the path for fintech innovation while the other tightens the screws on compliance and financial surveillance. Trump Signs Two Major Orders That Could Change Crypto and Banking Two executive orders target crypto, fintech, […]
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US Lawmaker Grills Kansas Fed Over Kraken’s Groundbreaking Master Account Approval Representative Maxine Waters, the top Democrat on the House Financial Services Committee, has put the Federal Reserve Bank of Kansas City on notice. In a sharp letter to Fed President Jeff Schmid, she’s demanding answers about their decision to grant Kraken Financial—a crypto-focused subsidiary […]
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Custodia Bank’s Crushing Defeat: Crypto Banking Hits a Regulatory Wall Custodia Bank, a pioneering force in crypto-focused finance, has been handed a devastating loss in its five-year quest for a Federal Reserve master account. The US Court of Appeals for the Tenth Circuit, in a decisive 7-3 ruling, upheld the Fed’s authority to gatekeep access […]
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Kraken Secures Federal Reserve Payment Access: A Win for Crypto with Strings Attached Kraken, a heavyweight in the cryptocurrency exchange arena, has pulled off a historic feat by gaining direct access to the Federal Reserve’s payment system through its banking arm, Kraken Financial. Announced by the Federal Reserve Bank of Kansas City, this breakthrough allows […]
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Erebor Bank Secures First US Bank Charter Under Trump, Merging Crypto and Tech Innovation Erebor Bank has clinched the first new US bank charter under the Trump administration, a seismic moment for crypto banking and tech innovation. Founded by Palmer Luckey, the visionary behind Oculus and Anduril, this national bank is set to blend blockchain […]
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Silvergate Bank Settles $10M in FTX Collapse Lawsuit: Relief for Depositors Amid Crypto Fallout Silvergate Bank, a once-trusted pillar for crypto businesses, has reached a $10 million settlement in a class-action lawsuit tied to the devastating implosion of the FTX exchange. This payout offers a small measure of relief to investors burned by one of […]
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Monet Bank’s Crypto Pivot: A Texas Underdog Bets Big on Digital Finance Could a small Texas bank redefine how traditional finance engages with Bitcoin and digital assets? Monet Bank, once known as Beal Savings Bank and briefly as XD Bank, has boldly repositioned itself as a crypto-focused lender, aiming to serve cryptocurrency firms and digital […]
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