By Michael Adeleke Key highlights: The Independent Community Bankers of America (ICBA) filed suit against the OCC. The group said Congress did not give the OCC power to grant national trust charters to crypto firms. It wants the court to cancel a conditional charter given to Protego Holdings. A trade group for small US banks […]
Tag: BPI
By Emir Abyazov Key highlights: Banking groups warn stablecoin yield loophole risks $6.6 trillion deposit outflow. GENIUS Act bans direct stablecoin interest but loophole allows yield via affiliates. Banks fear stablecoins offering yield could destabilize credit and increase borrowing costs. US banking groups have urged Congress to close a loophole in the GENIUS Act, which […]
By Marco Piccolo Bitcoin’s bullish engine is roaring once more—and the catalysts are stacking up fast. From massive institutional moves to ultra-optimistic price projections, the king of crypto is entering a fresh phase of upward momentum. With the dust of early 2024’s volatility settling, BTC has punched through key resistance zones and is eyeing the […]