Societe Generale plans to bring SG-FORGE's EUR CoinVertible and USD CoinVertible to Canton Network as part of a push into collateral, repo financing, and settlement. The May 13 move puts the French bank's stablecoin effort closer to the operating layer of institutional markets. SG-FORGE has already issued regulated CoinVertible tokens, and CryptoSlate has covered the […]
The post A major bank just moved its stablecoin strategy into Wall Street’s hidden financing machine appeared first on CryptoSlate.
Inside a packed Senate hearing room on May 14, the air was heavy with the tension of a high-stakes jurisdictional brawl on the CLARITY Act. What was intended to be a routine legislative markup became a grueling “tick-tock” of procedural maneuvering, personal barbs, and a desperate search for a bipartisan middle ground. Ultimately, the bill […]
The post How CLARITY Act survived a chaotic Senate markup after Warren, Banks and Democrats tried to slow it down appeared first on CryptoSlate.
Bitcoin has been seeing recurring mid-month strength this year, and it is becoming harder to separate it from Strategy’s (formerly MicroStrategy) expanding preferred-stock machine. The funding channel is helping the company continue to buy the flagship digital asset while adding a growing layer of cost to its balance sheet. Research firm K33 has tied the […]
The post Bitcoin keeps rallying mid-month – Is Saylor using Strategy’s STRC funding loop to pump BTC? appeared first on CryptoSlate.
Sovereign curves are back near old stress zones while Hormuz inflation risk keeps central banks boxed in.
The post Global financial crisis fears grow as bond yields hit 1998 levels and Bitcoin drops below $80,000 appeared first on CryptoSlate.
The Senate Banking Committee’s crypto market structure bill is heading into CLARITY Act markup with more than 100 proposed amendments. This is turning a long-delayed vote on the CLARITY Act into a test of whether a fragile stablecoin compromise can survive pressure from banks, Democrats, and crypto industry groups. The final number of amendments has […]
The post CLARITY Act faces 100+ amendments as bankers send 8,000 demand letters against stablecoin rewards appeared first on CryptoSlate.
JPMorgan filed a prospectus on May 12 for the JPMorgan OnChain Liquidity-Token Money Market Fund, ticker JLTXX. The fund invests exclusively in US Treasury securities and overnight repo collateralized by Treasuries and cash, targeting a $1.00 net asset value. JPMorgan manages it to meet the eligible reserve asset requirements that stablecoin issuers may need under […]
The post JPMorgan taps Ethereum and Solana to build an institutional cash stack appeared first on CryptoSlate.
On May 12, the Senate Banking Committee released updated text of the CLARITY Act ahead of a scheduled May 14 markup. The bill would establish new rules for digital asset intermediaries, define how certain network tokens are treated, expand the role of federal market regulators, and create a path for banks to offer crypto-related services. […]
The post CLARITY Act’s final draft has been released ahead of May 14 markup – What’s in it? appeared first on CryptoSlate.
A senior White House official has accused major banking trade leaders of refusing to join earlier talks on stablecoin rewards, escalating a dispute that has become one of the final pressure points ahead of the Senate Banking Committee taking up the CLARITY Act this week. In a May 11 post on the social media platform […]
The post White House reveals US banks ‘refused’ to attend meetings to resolve stablecoin rewards issue in CLARITY Act appeared first on CryptoSlate.
The Morgan Stanley Bitcoin Trust completed its first month of trading without a single day of net outflows, providing an early test case for how a Wall Street bank’s brand, pricing, and distribution network can alter the competitive landscape of the digital-asset market. The product, trading under the ticker MSBT, launched on April 8 and […]
The post Morgan Stanley’s MSBT ends first trading month with 0 outflows amid Bitcoin ETFs 6-week inflow streak appeared first on CryptoSlate.
Ondo Finance said Ripple has redeemed OUSG on XRP Ledger and received a USD payout in Singapore through Mastercard and Kinexys by J.P. Morgan. The May 6 pilot tested whether a tokenized fund redemption on a public blockchain could trigger a bank-account payout across borders and banks, using a transaction path that Ondo said operated […]
The post JPMorgan, Mastercard and Ripple complete cross-border XRP tokenized Treasury settlement appeared first on CryptoSlate.
The CLARITY Act is finally moving toward a long-awaited Senate Banking Committee markup next week, but its path is being complicated by a fight over whether Congress should impose new ethics restrictions on federal officials and elected leaders involved with the crypto industry. On May 7, crypto journalist Eleanor Terrett reported that the draft text […]
The post Next week’s CLARITY Act markup could fall apart over Trump family crypto ethics fight appeared first on CryptoSlate.
The cumulative net inflows of US-traded spot Bitcoin ETFs has reached roughly $59.7 billion, with BlackRock's IBIT alone holding $66.7 billion in assets. Morgan Stanley and Charles Schwab are now pushing direct crypto trading into ordinary brokerage accounts. The driver is that both firms can already see demand within their own client base, with clients […]
The post Morgan Stanley and Charles Schwab are rushing into crypto: what do they see coming? appeared first on CryptoSlate.
US banks are mounting an aggressive lobbying effort to stall the CLARITY Act, even as key US lawmakers signal a fast-tracked timeline to put the bill on the president’s desk before July 4. The legislative clash centers on the Digital Asset Market Clarity Act, a sweeping regulatory framework that cleared the House with bipartisan support […]
The post Banking lobby attempts to kill Clarity Act’s stablecoin progress as markup is scheduled for next week appeared first on CryptoSlate.
The CLARITY Act is moving toward its next procedural test after Senate negotiators released compromise language on stablecoin rewards last week, raising expectations that the Senate Banking Committee could take up the measure as soon as the week of May 11. Alex Thorn, head of research at Galaxy Digital, said the release of text from […]
The post CLARITY Act markup could come next week after stablecoin deal breakthrough appeared first on CryptoSlate.
While Washington attempts to navigate the stablecoin battle between banks and crypto companies over the Clarity Act, Coinbase has now announced the “Coinbase Stablecoin Credit Strategy” (CUSHY), targeting qualified investors and institutions with exposure to public, private, and opportunistic credit. The firm also said that it offers investors access to the structural alpha from tokenization, […]
The post Coinbase’s new credit fund shows why banks are fighting stablecoin yield on the Clarity Act appeared first on CryptoSlate.
Visa said its settlement pilot for stablecoins now supports nine blockchains and has reached a run rate of $7 billion a year. The company announced on April 29 that it added Arc, Base, Canton, Polygon and Tempo to a pilot that already used Avalanche, Ethereum, Solana and Stellar. Visa said the annualized settlement run rate […]
The post Visa is quietly building stablecoins into mainstream payment plumbing without you knowing appeared first on CryptoSlate.
This month, Israel and Pakistan supplied a quieter test for crypto than the one playing out in US capital markets. What if the more important 2026 shift is happening where digital assets meet local money and bank accounts? Israeli crypto firm Bits of Gold said Israel's Capital Market Authority approved the issuance and distribution of […]
The post Everyone is watching America’s crypto boom but Israel and Pakistan may be showing what comes next appeared first on CryptoSlate.
The CLARITY Act has stalled in Senate Banking deliberations, setting back an array of market rules that would solidify into law most of the pro-crypto stance that took hold in the President Donald Trump administration. Yet, Congress may have handed crypto markets an unexpected experiment. Galaxy Research puts the odds of enactment this year at […]
The post CLARITY’s delay to test Wall Street’s $6.6 trillion stablecoin warning which is at odds with White House view appeared first on CryptoSlate.
Washington is turning stablecoins into regulated payment instruments while trying to keep issuer-paid yield away from holders. That combination changesthe economics of digital dollars and puts the value of user balances up for grabs across the intermediary stack. The GENIUS Act bars permitted payment stablecoin issuers and foreign payment stablecoin issuers from paying holders any […]
The post CLARITY Act stablecoin fight shifts from yield to who captures digital-dollar economics appeared first on CryptoSlate.
The world's central banks stopped arguing about whether stablecoins are risky long ago. Their main concern now is about who will control them and how. On April 20, BIS General Manager Pablo Hernandez de Cos called for global cooperation on stablecoins, describing it as “critically important.” The Bank for International Settlements, often called the central bankers' […]
The post The world’s central banks are now treating stablecoins like a real multi-trillion dollar monetary threat appeared first on CryptoSlate.
I believe the hardest question for DeFi in 2026 is whether the original dream is still alive. The collective bargain was simple. Users would hold their own keys. Code would execute the rules. Markets would stay open. Ledgers would be visible. Intermediaries would lose power because financial services could run on public smart contracts rather […]
The post DeFi losses are now 8,500% higher than TradFi breaches per dollar moved appeared first on CryptoSlate.
US banking groups are pressing regulators to slow parts of the federal rollout of the GENIUS Act, opening a new front in their broader fight over how far stablecoins should be allowed to move into territory long dominated by bank deposits. On April 22, the American Bankers Association (ABA) and three other banking trade groups […]
The post US Bankers association push for 60 day pause to stop stablecoin rules going live appeared first on CryptoSlate.
The US Senate’s most significant effort to establish a comprehensive federal framework for digital asset markets, the CLARITY Act, is in imminent danger of slipping into May. Amid fierce pressure from traditional financial institutions, Senator Thom Tillis (R-NC) is actively pressing Senate Banking Committee leadership to delay advancing the CLARITY Act. The delay turns what […]
The post Banks lobbying efforts seek to ‘kill’ CLARITY Act before US Senate election window closes appeared first on CryptoSlate.
Morgan Stanley launched its spot Bitcoin ETF on Apr. 8 on NYSE Arca, calling MSBT the first cryptocurrency ETP from a US bank-affiliated asset manager and pricing its sponsor fee at 0.14%, the lowest Bitcoin ETP sponsor fee. By Apr. 16, Farside Investors' data showed cumulative net inflows of $116 million across seven trading sessions. […]
The post Morgan Stanley’s $116M Bitcoin ETF debut is tiny next to $1.9T, and that’s why Wall Street will notice appeared first on CryptoSlate.
Charles Schwab announced this week that it will begin selling Bitcoin and Ethereum directly to its 39 million brokerage clients. They will appear in the same account view as stocks, ETFs, and retirement funds, in the same app, under the same brand, one click from the S&P 500 index fund a customer bought for their […]
The post Charles Schwab is bringing Bitcoin to its 39 million clients – but without the protections they expect appeared first on CryptoSlate.
Stablecoin supply climbed to a record $320 billion this week, extending the continued surge in dollar-linked digital assets. This comes as one of the biggest questions hanging over the sector remains unresolved in Washington: whether the income generated by the reserves backing those tokens should stay with issuers or be shared with users. Nonetheless, the […]
The post Clarity Act deadlock fails to stop Stablecoins smashing past $320B and yield-bearing tokens surge past market appeared first on CryptoSlate.
The SEC moved the crypto market structure forward on Apr. 13 without waiting for Congress to act. The agency's Division of Trading and Markets published a staff statement on Covered User Interfaces, such as websites, browser extensions, wallet-linked apps, and mobile applications that help users in self-custodial setups prepare transactions in crypto asset securities. Staff […]
The post Why the SEC just gave self custody crypto apps 5 years to get traditional broker licenses appeared first on CryptoSlate.
White House study sharpens CLARITY’s core fight as Senate execution remains the real test A recent White House economic study has changed the focus of Washington’s debate over the CLARITY Act. The report addresses the main issue slowing the bill in the Senate: whether limiting stablecoin yields actually protects the banking system. The study’s findings are […]
The post White House study exposes stablecoin yield ban does little for banks, raising the stakes for CLARITY in the Senate appeared first on CryptoSlate.
The market may be pricing XRP through an outdated lens. Over the past several days, the most consequential development around XRP has come from outside crypto. On April 8, the Federal Reserve proposed allowing U.S. banks and credit unions to use intermediaries through the FedNow Service, a change the central bank said could support private-sector […]
The post The Fed is building competition for XRP’s core payments use case into the FedNow banking system appeared first on CryptoSlate.
Private credit has crossed into a dangerous phase. After rumblings last month, the pressure point is no longer confined to underwriting quality, isolated borrower stress, or a few awkward redemption notices buried in fund updates. The market is now dealing with something more consequential: a live collision between illiquid assets, semi-liquid fund structures, and investors […]
The post Wall Street private credit crisis looms as $20B exit wave triggers fresh withdrawal limits threatening Bitcoin liquidity appeared first on CryptoSlate.