Yueqi Yang

BNY, the nation’s oldest bank, is expanding the services it handles for stablecoin giant Circle, the latest sign that U.S. banking access for the crypto industry is easing under a friendlier regulatory environment. The bank will allow some clients to send money to and from Circle through BNY for ...

The Office of the Comptroller of the Currency announced Friday it has rescinded its crypto guidance issued during the Biden administration, the most significant crypto-friendly pivot by a federal banking regulator so far under the new Trump administration. The OCC said it will no longer require national banks to receive signoff from the regulator before engaging in crypto activities. It also

On the Friday before Donald Trump’s inauguration as president in January, Brian Armstrong, CEO of Coinbase, joined his top executives in Washington at the Crypto Ball, where the tech elite celebrated the imminent arrival of the country’s first crypto-friendly president. Soon, though, there was ...

The Federal Reserve’s outgoing banking regulator Michael Barr defended its approach in supervising banks’ activities in crypto, amid growing calls from the crypto and banking industries for an overhaul of regulatory guidance on crypto. Barr said banks provide material and important services to the crypto industry by allowing companies to exchange dollars to settle crypto transactions, and

Welcome to the official start of crypto’s regulatory vacuum. That’s the state we’re in now that the Securities and Exchange Commission has decided to drop its long-running lawsuit against Coinbase (according to Coinbase, at least—we’ll have to wait until the SEC confirms the news after a ...

Some of the biggest U.S. banks are muscling into crypto services for big funds, investors and traders, taking advantage of fast-loosening regulations under President Donald Trump to launch digital asset versions of businesses they have long dominated. For now, most of the action involves the ...

Nasdaq is urging the U.S. Securities and Exchange Commission to create a “level playing field” for various venues for trading crypto assets, including national securities exchanges, showing how the exchange operator is trying to ensure it can be among the beneficiaries as the agency overhauls regulations. Nasdaq representatives met with the SEC’s new crypto task force last week to discuss the

It’s been four days since President Donald Trump’s White House return, and swift changes for the crypto industry are already underway. In his latest move, Trump on Thursday signed an executive order to support the growth of digital assets, including creating a regulatory framework and protecting ...

Coinbase says it’s launching a bitcoin-backed loan program that will allow customers to borrow up to $100,000 worth of USDC stablecoins using bitcoin in their accounts as collateral. The loans will be offered through Morpho, a decentralized lending protocol that runs on Base, the blockchain that Coinbase developed. The loans will be overcollateralized, meaning Coinbase users have to hold more

Marc Andreessen and other crypto proponents have complained about how regulators under President Joe Biden have choked off banking services for crypto firms. But even before Donald Trump takes office, some smaller U.S. banks have been quietly expanding services for crypto companies. In recent ...