Latest FinTech & Blockchain News
Trump Accuses Banks of Undermining Stablecoin Legislation
On March 4, Trump posted on Truth Social, accusing the banking industry of blocking the GENIUS Act for stablecoins and the CLARITY Act of 2025. He urged swift action on market structure. This escalates tensions between traditional finance and crypto advocates.
SEC Submits Crypto Asset Interpretation for OIRA Review
On March 3, the SEC filed a 'token taxonomy' framework with OIRA to categorize crypto assets under securities laws. This awaits commissioner vote post-review. It aims to clarify SEC jurisdiction over various crypto transactions.
Indiana Governor Signs Cryptocurrency Regulation Bill
Indiana Gov. Mike Braun enacted House Bill 1042 on March 3, providing protections for digital asset users and integrating crypto into state financial programs. This marks a pro-crypto state-level policy shift.
FATF Report Warns on Stablecoin and Unhosted Wallet Risks
The FATF's March 3 report notes over 250 stablecoins with $300B market cap, comprising 84% of 2025 illicit virtual asset volume. It flags P2P unhosted wallet transfers as a key vulnerability. Recommendations target illicit finance mitigation.
Kraken Gains First Digital Asset Bank Fed Master Account
On March 4, the Federal Reserve Bank of Kansas City granted Kraken Financial a limited master account, enabling direct Fed payment access. It excludes interest on reserves or emergency lending. This is a historic milestone for crypto firms.
Big Banks' Blockchain Bond Test Shows Mixed Results
A recent test by major banks demonstrated blockchain's efficiency gains in issuance but highlighted offsets from complexity, risks, and costs. Adoption likely gradual via hybrid models amid regulatory gaps.
Bitcoin Predicted to Rebound in 2026 Despite Slump
Bitcoin dropped 25% in early 2026, but JPMorgan forecasts recovery via institutional inflows to spot ETFs holding $88B (6% of supply). Last week's $787M inflows signal buying the dip.
Revolut Applies for US National Bank Charter
Fintech giant Revolut has applied for a US national bank charter, expanding its banking ambitions. This follows global growth in digital banking services.
Trump Warns Wall Street After Coinbase CEO White House Meet
Trump issued a warning to Wall Street post a secret White House meeting with Coinbase's CEO, amid crypto policy pushes. Details underscore political support for digital assets.
Forbes Unveils Top 10 US Fintech Startups for 2026
Forbes' Fintech 50 highlights B2B banking leaders like Mercury, Ramp ($1B revenue), and prediction markets Polymarket, Kalshi with $19.6B total funding. Stripe valued at $159B in recent tender.
Central Bank of Ireland Explores DLT Role in Discussion Paper
The CBI released a paper examining Distributed Ledger Technology's potential in financial systems. It invites industry feedback on DLT applications and challenges.
Layoffs Hit Tech and Finance Including Major Investment Bank
Huge layoffs continue in tech and finance, with a global investment bank cutting 2,500 jobs. This reflects ongoing sector consolidation pressures.