Blockchain: IBM Connects Banks to Swift
IBM’s Digital Asset Haven now connects banks to Swift’s blockchain ledger for tokenized deposits via ISO 20022 messages. 17 institutions are testing. #Update #Technology
Banking
SEC Proposes Strict Rules for Stablecoins
The Federal Reserve proposes new rules for stablecoin issuers, requiring full reserve backing and standardized capital requirements under the GENIUS Act. Public comments open for 60 days. #Update #Regulation
OCC Approves Bastion National Trust Charter
Bastion gains conditional OCC approval for a national trust bank charter focused on custody and digital asset services, pending pre-opening requirements. #Update #Regulation
Coinbase Opens Digital Asset Rails to 3000 Banks
@Coinbase partners with Stablecore to integrate crypto services like custody, trading, and stablecoin payments into existing tech at over 3,000 U.S. banks. #Update #Crypto
Revolut Launches US Banking License Quest 2027
@Revolut receives conditional OCC approval to establish a U.S. national bank, aiming for a 2027 launch with services like insured deposits and crypto transactions. #Update #Finance
Banking Committee Approves CLARITY Act Vote
The CLARITY Act, aimed at cryptocurrency regulation, passed the Senate Banking Committee with bipartisan support and now heads for a full Senate vote. #Update #Crypto
Banking Committee Approves New CLARITY Act
The U.S. Senate Banking Committee has released the new CLARITY Act, banning rewards for holding stablecoins and requiring compliance programs; a vote is scheduled for May 14. #Update #Crypto $USDC
Banking Committee Reviews CLARITY Act May 14
The U.S. Senate Banking Committee will review the CLARITY Act on May 14, 2026, aiming to regulate the cryptocurrency market amid bipartisan challenges and ethics demands from Democrats. #Update #Crypto
Bitcoin Disrupts Swiss Banking Dynasty Report
Marc Syz leaves Banque Syz SA to pursue crypto initiatives after a split with his father over Bitcoin investments, as Future Holdings aims to establish a major Bitcoin treasury in Europe. #Update #Crypto $BTC
Revolut Launches U.S. Banking License Bid
@Revolut has applied for a U.S. banking license to enhance financial services, allowing for faster product development and FDIC deposit insurance. The company continues expanding its crypto ecosystem. #Update #Crypto
Crypto Rule Scraps Reputation Risk Debanking
The Federal Reserve proposes a rule to eliminate “reputation risk” from bank supervision, aiming to protect lawful customers, including crypto firms, from debanking pressures. Comments due in 60 days. #Update #Crypto $BTC
UBS Launches Crypto Private Banking Service
UBS considers integrating cryptocurrency services into its private banking offerings, potentially enhancing access to digital assets for high-net-worth clients. #Update #Crypto
Ethereum Launches Prividium Corporate Banking Stack
@ZKsync launches Prividium, a ZK-blockchain for institutional use, enhancing privacy and regulatory compliance while enabling seamless cross-chain interactions with Ethereum by 2026. #Update #Crypto $ETH
Bitcoin Adoption: French Bank Launches Crypto
French banking giant offers crypto services to millions, integrating $BTC into traditional banking systems, enhancing accessibility and adoption. #Update #Crypto $BTC