Bitcoinist·
President Donald Trump has signed an executive order pushing US financial regulators and requesting action from the Federal Reserve to review whether fintech and crypto-linked firms should get broader access to core payment infrastructure. For Ripple, which has been seeking a Fed master account tied to its RLUSD stablecoin strategy, the order moves a long-running […]
Read full articleMinnesota's ban on prediction markets could redefine state vs. federal regulatory power, impacting the future of information markets nationwide. The post Minnesota becomes first state to ban prediction markets, setting up legal showdown with Trump appeared first on Crypto Briefing.
Wyoming’s special purpose depository institutions — companies built around crypto — could soon have a path to something they’ve long been denied: a Federal Reserve master account. A new executive order signed by US President Donald Trump puts that possibility on the table, along with a broader push to open up the US banking system to crypto and financial technology companies. Related Reading: XRP Will Go ‘Higher, Much Higher,’ Analyst Says, Betting On Explosive Breakout The Fed’s Role Under Scrutiny The order calls on the Federal Reserve’s Board of Governors to weigh whether uninsured depository institutions and non-bank financial companies that deal in digital assets should get direct access to Reserve Bank payment accounts and services. It also asks the Fed to look at legal barriers to that access and, if current law allows it, to set up clear application procedures. Decisions on completed applications would need to come within 90 days. That directive is one piece of a much larger po
National trust charters pushed crypto custody into a broader regulatory clash as U.S. Senator Elizabeth Warren pressed the OCC over approvals tied to Coinbase, Ripple, Bitgo, and other firms. Bitgo CEO Mike Belshe countered that fiduciary custody separates client property from lending risks. OCC Charter Fight Puts Digital Asset Custody Under Scrutiny The crypto bank […]
The CFTC's probe underscores the growing importance of monitoring political decision-driven market activities, highlighting regulatory vigilance. The post CFTC probes $800M in suspicious oil trades placed before Trump social media post appeared first on Crypto Briefing.
Congressional action to limit war powers may reduce unilateral military actions, potentially lowering the risk of US-Iran conflict escalation. The post Congress moves to limit Trump’s Iran war powers, impacting conflict likelihood appeared first on Crypto Briefing.
Ripple CLO Stuart Alderoty says the Clarity Act could unlock a multi-trillion dollar US crypto market. The Senate Banking Committee advanced the Clarity Act 15-9 on May 14, a bipartisan result that lifts the Digital Asset Market Clarity Act toward…
The Fed's proposal could reshape financial dynamics, granting fintechs and crypto firms limited direct access, potentially challenging traditional banks. The post Federal Reserve proposes skinny master accounts for fintech and crypto firms appeared first on Crypto Briefing.
The proposal could facilitate crypto firms' access to Fed payment systems, signaling a cautious regulatory shift towards digital finance integration. The post Federal Reserve proposes new ‘skinny’ payment accounts with major restrictions for eligible institutions appeared first on Crypto Briefing.
