Augustus CEO says banks can’t rebuild for AI and stablecoins
Augustus Bank’s CEO, Ferdinand Dabitz, says legacy clearing banks cannot truly rebuild their cores for artificial intelligence and programmable money, as his startup moves closer...
Tag : Banks
Moody’s says banks are preparing for large-scale tokenized finance adoption
Major U.S. banks and financial institutions have increasingly prepared for a future in which tokenized assets become part of mainstream finance, even as industry participants...
US banks expect ‘slow, then fast’ shift to digitized finance: Moody's
Major US banks and financial market intermediaries expect the transition to a digitized financial system to start slowly, then hit a tipping point at which...
US banks reject CLARITY Act stablecoin deal days before Senate vote
The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May...
Stablecoin proposal still ‘falls short’ of protecting bank deposits: US banks
America’s largest banking groups said they remain dissatisfied with the CLARITY Act’s newly proposed language on stablecoin yield, arguing that it fails to protect bank...
Banks Stay Tight-Lipped as Senators Reveal Proposed Clarity Act Stablecoin Deal
In brief Senators unveiled a Clarity Act compromise on the subject of stablecoin rewards. The language would ban rewards on stablecoin deposits but allow rewards...
Banks push back on GENIUS Act rules as Agora races for a federal charter
Major US banking trade groups have asked the Treasury Department and the FDIC to pause three GENIUS Act rulemaking comment periods until the OCC finalises...
US Banks Are Calling Senators Directly to Kill the CLARITY Act’s Stablecoin Yield Rule
US banking groups have escalated their campaign against the CLARITY Act by calling Senate offices directly, with the North Carolina Bankers Association confirmed on April...
US Banks Are Fighting the New Stablecoin Rules. The White House Is Not Having It
Major US banks are lobbying to slow down new stablecoin legislation, but the White House has intervened directly, telling the banking industry to stand down....
European investors may switch banks for better crypto access, survey finds
Cryptocurrency offerings are starting to influence how European investors are choosing their bank providers, but regulatory uncertainty continues to hinder mainstream adoption, according to a...