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Federal Reserve Withdraws Restrictive 2023 Crypto Policy Enabling State Banks to Innovate
The Federal Reserve Board has withdrawn its 2023 policy statement that imposed strict limits on state member banks engaging in novel activities, including crypto-asset services. A new policy statement introduces case-by-case approvals for uninsured state banks, facilitating responsible innovation in the sector. This regulatory shift aligns with broader changes under the Trump administration, potentially easing access for crypto-focus…
Visa Launches USDC Stablecoin Settlement for U.S. Banks on
Visa announced the launch of USDC settlement capabilities for U.S. issuer and acquirer partners on December 16, 2025. Initial participants include Cross River Bank and Lead Bank, with settlements occurring over the Solana blockchain. The expansion follows a pilot program that achieved over $3.5 billion in annualized stablecoin settlement volume as of November 30, 2025. Visa plans a broader rollout throughout 2026 and will support…
Quick Take: Merlijn The Trader highlights multi-year bullish patterns in altcoin market cap, signaling potential for a significant breakout. Current market conditions show altcoins lagging Bitcoin, with the Altcoin Season Index at cycle lows around 16-19. Analysts note fragmented performance and caution that a full altseason may require further Bitcoin consolidation or dominance breakdown. Crypto analyst Merlijn The Trader continues to forec…
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Visa has launched stablecoin settlement capabilities in the United States, allowing select issuer and acquirer partners to settle obligations on its network using Circle’s USDC stablecoin over the Solana blockchain. The global payments giant announced the rollout on Tuesday, marking a major expansion of its stablecoin program into the domestic market. Initial participants include Cross River Bank and Lead Bank, both of which have already beg…
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PayPal Applies for Utah Industrial Bank Charter Amid Crypto Expansion Push
PayPal seeks bank status: The company has applied to create PayPal Bank in Utah to bolster small business lending and offer interest-bearing savings. Crypto angle: As issuer of PYUSD, the move could integrate stablecoin settlements into regulated banking. Regulatory context: Follows recent approvals for crypto firms like Circle and Paxos. PayPal Holdings has submitted applications to establish an industrial bank in Utah, mark…
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