39 stories about Banking from across the crypto press, curated and summarized daily. Most recent: Oct 24, 2026.
Circle secured final OCC approval to establish a national trust bank, shifting its $73.2 billion stablecoin to a unified federal framework.
Circle, the issuer of the stablecoin USDC, has received approval to operate as a trust bank in the U.S., adding to a growing list of crypto firms seeking federal banking licenses as the industry moves into the regulated financial system.
Kraken, a major crypto exchange, is applying for a banking license in Lithuania to expand its financial services. This move could allow Kraken to offer traditional banking products alongside its crypto services.
Standard Chartered is the first Global Systemically Important Bank authorized to let institutions mint and redeem Circle's USDC stablecoin directly, marking a major step in bridging traditional finance with digital assets.
Standard Chartered is on track to fully acquire Zodia Custody, with a signing targeted by the end of June and completion by the end of August. Julian Sawyer, CEO of Zodia, says every bank will soon need to hold digital assets to stay competitive.
JPMorgan CEO Jamie Dimon called Coinbase CEO Brian Armstrong 'full of s–t' during a Senate hearing, escalating tensions over crypto banking regulations. The clash highlights the growing divide between traditional finance and crypto industries.
UniCredit warns that Europe's deposit insurance may not be enough to cover stress from large stablecoin reserve accounts. Unlike the U.S., Europe's protection under MiCA rules is more limited.
United Texas Bank has secured a national charter to offer AI-powered payment services, positioning itself as a competitor to traditional Wall Street institutions. This move could accelerate the adoption of digital dollar transactions.
The total value of stablecoins has reached $322 billion, surpassing the foreign exchange reserves of 95 nations. This marks a significant shift in how people store and move money outside traditional banking systems.
Crypto, banking, and policy experts are calling for updates to the 1970 Bank Secrecy Act to better fit modern financial systems. The debate centers on how much to scale back the law as President Trump expands its reach.
Senator Elizabeth Warren argues that nine crypto firms, including Coinbase and Ripple, were improperly granted national trust bank charters. She claims the approvals violate the National Bank Act and calls for a review.
Intesa Sanpaolo, Italy’s largest bank, increased its crypto investments from $100 million to $235 million in the first quarter of 2026. The bank expanded into Ethereum and XRP while reducing its Solana holdings.
Kraken's parent company, Payward, is applying for a national trust bank charter. This could make it easier for Kraken to offer banking services in the U.S. and improve trust in crypto.
The banking industry has expressed concerns that the Clarity Act's stablecoin proposal could enable regulatory evasion. This highlights ongoing tensions in crypto legislation. In plain English, banks worry the rules are too loose. The issue has been debated for months, with no clear resolution yet.
Payward, the parent company of Kraken, has applied for a federal banking charter. This move aims to strengthen Kraken's regulatory standing and expand its financial services. In plain English, this could make it easier for Kraken to offer traditional banking services alongside crypto trading.