For now, Jack Mallers decided to not comment any further and JPMorgan declined to explain why it debanked the CEO of a company very similar to newly launched JPM Coin.
For the first time, a sitting U.S. Treasury Secretary has described Bitcoin as more than just a speculative frenzy. Scott Bessent’s post didn’t just set Crypto Twitter on fire; it marked a monumental shift in how policymakers view the number-one crypto. It’s a far cry from the days when Bitcoin lurked in the margins, constantly […]
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The Federal Reserve has shuttered the Novel Activities Supervision Program it built in 2023 that was — in part — meant to focus on banks' crypto activity.
The order aims to stop "debanking", the practice of denying financial services for ideological reasons.
This tactic could strangle competition by making it more costly for users to transfer funds to alternative platforms, a16z's general partner argued.
Whether it's crypto's access to banking or the issuance of stablecoins, new Fed supervision chief Michelle Bowman will have a say.
Bitcoin will go to “infinity against the dollar because there won’t be a dollar,” AI and genetics will help humans communicate with animals, he told CoinDesk.
The U.S. banking agency withdrew policies that contributed to crypt industry accusations that it pressured institutions to "debank" digital assets customers.
The MetaMask creator survived by having redundant backup accounts, said Lubin, who was also personally targeted.
Senator Cynthia Lummis, set to lead the Senate Banking Committee's digital assets panel, went after the sale of U.S. bitcoin holdings and FDIC debanking.
The founder of a popular cryptocurrency warned that it would take years to reverse the adverse effect of the so-called Operation Chokepoint 2.0, saying that it is a systematic, global campaign that aims to pin down the crypto sector. Related Reading: Crypto Goes Luxury: Printemps Becomes Europe’s First Major Retailer To Join The Trend Cardano […]
Frax Finance was allegedly among the crypto companies targeted by the debanking effort, according to the platform’s founder.
A cryptocurrency exchange accused the US government of undermining the cryptocurrency sector orchestrating a campaign against digital currencies. Coinbase revealed that the US Federal Deposit Insurance Corporation (FDIC) has been employing tactics to dissuade financial institutions from engaging in crypto-related activities. Related Reading: Kraken Sacks 15% Of Staff—A Strategic Pivot For Growth Or A Risky […]
Kamala Harris has given cryptocurrency fans little to be hopeful about — despite some of the milquetoast rhetoric from her supporters.