The Clarity Act will put Main Street banks at a disadvantage
The Blockchain Association’s Summer Mersinger dismisses the harm to community banks in defending the stablecoin rewards language in the Clarity Act, says community banker Nate Franzén.
Banks
How big banks plan to capture a quadrillion-dollar market
“If we don’t have a euro on the blockchain, the banks will use the dollar because it’s there, it’s available and it has a lot of liquidity,” Sell told CoinDesk. Rather than each bank issuing its own euro stablecoin, Qivalis is encouraging them to work… Read More
Security experts warn advanced AI is about to spark a hacking crisis for both crypto and banks
A major bug found in the top privacy network Zcash, using artificial intelligence, may be a warning sign that similar undiscovered flaws exist across crypto and banking software. What’s worrying the crypto community is that the bug, which had existed in the network for 4… Read More
Microsoft says legacy banks are hitting a breaking point as AI takes over the heavy lifting
Artificial intelligence is pushing financial systems toward a model where machines execute transactions at scale, raising new challenges around control, oversight and infrastructure, said Microsoft and Chainalysis executives. Bill Borden, corporate vice president of worldwide financial services at Microsoft, said Tuesday that legacy systems will… Read More
Banks seek to slow down implementation of crypto’s GENIUS Act on stablecoin oversight
The crypto industry is frequently finding bankers involved in its top-priority regulatory efforts, and this time, a coalition of bank trade associations has asked the U.S. Department of the Treasury to extend the window in which the public can weigh in on implementation of last… Read More
A dozen banks want a euro stablecoin. Fireblocks is making it happen
Cryptocurrency custody firm Fireblocks is handling the issuance and distribution of a euro-denominated stablecoin, backed by a group of twelve European banks, known as the Qivalis consortium. The euro-backed token, scheduled for release in the second half of 2026, is regulated by the Dutch Central… Read More