Reuters reports the bank is weeks from its first digital asset service, one of several incumbents building custody and settlement rails rather than trading desks.
Direct lenders are taking in more money than ever even as the opportunities to deploy it narrow, and their own lenders are pulling back.
Money from the world’s largest stablecoin issuer flowed to a consulting firm in which a White House crypto adviser kept a stake while he worked on the stablecoin legislation that now governs it.
Bitcoin traded above $83,000 on Monday, with reports attributing the move to falling oil prices after the announcement of a halt to Russian and Ukrainian energy strikes rather than to anything in the crypto market itself.
Scott Bessent says the US could seize about a billion dollars of Iran-linked cryptocurrency this week, while the Justice Department reviews whether Binance kept to its settlement.
The hardware wallet maker asked a Malaysian and Philippine reseller to pause sales after users reported drained accounts.
Richard Blumenthal has asked Cantor Fitzgerald for documents on its holding in Tether and its role holding the stablecoin’s reserves, after a subcommittee report on Iran’s shadow banking.
Britain designated crypto exchanges and payment platforms alongside oil companies and tankers, extending sanctions enforcement into digital payment rails.
The National Bank of Kazakhstan will study a currency-linked stablecoin and tokenised real-world assets with the issuer of USDT.
Tokyo added 33 entities and nine individuals to its asset-freeze list and restricted services to 35 vessels.
A San Francisco Fed paper finds issuers have replaced 40% of the US Treasury demand lost as foreign official holdings fell.
Research cited across crypto outlets sets issuers’ bill buying against a decline in China’s holdings of US government debt.
An interim rule lets states file certifications before their own rules are finished, as a San Francisco Fed study put issuers’ Treasury holdings near 200 billion dollars.
The first rule written under the GENIUS Act sets out forms and review procedures and allows conditional state filings while legislatures finish their work.
A new issuer backed by the card networks and the largest payment processors brought a dollar-pegged token to market on Wednesday, entering a stablecoin sector dominated by Tether and Circle.
Investigators called USDT a significant financial lifeline for Tehran and referred the matter to the Treasury and the Justice Department.
Investigators for Senate Democrats describe USDT as a financial lifeline for Tehran, and have asked Treasury and the Justice Department to act.
A subcommittee investigation found the stablecoin at the centre of Iran’s shadow banking network, and a senator has asked Treasury and the Justice Department to investigate.
Senate Democrats say most Iran-linked sanctioned wallets ran on the largest stablecoin, and Tether says it has helped freeze hundreds of millions of dollars.
The Board would require full reserve backing and capital charges from payment stablecoin issuers, and make supervised banks seek approval before issuing through subsidiaries.
Reported losses range from $350 million to $387.5 million, and only about $318,000 has been frozen.
The seizure at a Caribbean lender has left funds belonging to the world’s largest stablecoin issuer stuck, and the reported size of the action differs between accounts.
The group raised 11.1 billion dollars in dollar and euro bonds to pay for the final tranche of an investment it has now committed 64.6 billion dollars to.
The Federal Reserve Board issued two proposals covering payment stablecoin issuers it would supervise, setting out reserve composition and capital requirements and opening them for public comment.
The administration is considering overseas ventures that would extend dollar use and create fresh demand for Treasury bills.
Europe’s central banks want the bank-deposit floors for stablecoin reserves removed, endorsing a risk argument Tether first made two years ago.
Europe’s central banks want the requirement that large issuers hold most reserves in commercial bank deposits deleted from the bloc’s crypto rulebook.
Crypto rallied into a hawkish Federal Reserve and a failed US market-structure bill, with ETF flows turning positive and short positions liquidated.
Pontes went live on Monday, letting eurozone banks settle tokenised securities in central bank money rather than in private tokens.
The move extends a rally that ran through the Federal Reserve’s rate rise, with quoted prices varying widely across the session.
The CLARITY Act failed by a single vote, leaving digital-asset rules to the SEC and the CFTC under authority they already hold.
Market structure for digital assets is now being written by an agency after the Senate stalled the bill.
The ECB president intervened against an application that would have given the exchange passporting rights across the bloc, according to the Wall Street Journal.
The Treasury says an Iranian exchange moved payments for the authority that charges tankers to cross the strait, and that foreign firms dealing with it now face secondary sanctions.
With the Digital Asset Market Clarity Act blocked in the Senate, the SEC and CFTC say they will write crypto rules under existing authority, and JPMorgan warns those rules may not hold.
Crypto market-structure legislation failed by one vote, and the SEC and CFTC immediately said they would act without Congress.
A 49 to 50 procedural vote sank the industry’s main legislative bet, and the SEC and CFTC now hold the pen.
Prosecutors are seeking forfeiture of $61 million in crypto tied to Iranian oil sales, in a case that puts a stablecoin issuer and an exchange at the centre of sanctions enforcement.
The industry’s top legislative priority failed to advance, sending bitcoin and listed crypto intermediaries lower.
The crypto industry’s top legislative priority failed its procedural vote, and the shares that had priced in regulatory clarity fell with it.
A cloture vote needing 60 votes will decide whether the biggest US crypto bill advances, with community banks and the Treasury fighting over stablecoin yield.
The CLARITY Act reaches a cloture vote on Tuesday after Republicans added ethics language Trump accepted and a compromise on stablecoin yield that banks are still fighting.
The revised draft hands Treasury a stablecoin circuit breaker and gives state attorneys general new enforcement powers.
The token’s supply has passed $2.4 billion as Ripple aims it at company cash management rather than trading.
A procedural vote on Tuesday will show whether the market-structure bill dividing SEC and CFTC authority can clear the Senate.
Russia’s central bank is working with the Reserve Bank of India on a mechanism to settle trade in central bank digital currency.
The stablecoin issuer and Fasanara Capital have seeded a $400 million lending fund aimed at raising $3 billion from institutions.
A $400 million fund with Fasanara Capital routes USDT settlement into private lending, with a stated target of $3 billion from institutions.
Steve Witkoff’s filing lands while Senate Republicans say the crypto market-structure bill is likely to fail over ethics language.
The stablecoin issuer is deploying reserves into small-business lending settled on its own token rails.
A sidechain of the Bitcoin network says $320 million was withdrawn in a hack, days after a Tether-backed Chilean exchange shut down over a custody shortfall.
The stablecoin issuer holds more than $122 billion in Treasury bills and wants a larger place in the government’s funding.