FinTech sees Revolut's US bank bid, AI payments by Mastercard-Santander, Ualá funding; Blockchain advances with Kraken Fed access, SEC crypto guidance, Trump Clarity Act push.
1
Revolut Files for US National Bank Charter
UK digital bank Revolut has applied for a de novo US national bank charter with the OCC and FDIC deposit insurance. Success would allow national operations across all 50 states with access to Fedwire and ACH.
2
Mastercard and Santander Complete Europe's First AI Agent Payment
Banco Santander and Mastercard executed Europe's first live end-to-end AI agent payment using Mastercard Agent Pay with Microsoft Azure OpenAI. Santander plans extended testing and new partnerships post-pilot.
3
Ualá Reaches $3.2B Valuation with $195M Allianz X-Led Funding
Argentina's neobank Ualá secured $195M equity to expand in Latin America, led by Allianz X. Investors include Stone Ridge, Tencent, and Soros Fund; follows 2024's $300M Series E.
4
Kraken Financial Gains First Fed Master Account for Digital Asset Bank
Federal Reserve Bank of Kansas City granted Kraken Financial, a Wyoming SPDI, a master account for Fed payment access. Limited scope excludes interest on reserves or emergency lending.
5
SEC Submits Crypto Asset Interpretation for Token Taxonomy
SEC filed a Commission interpretation on federal securities laws for crypto assets, aiming to categorize them via token taxonomy. OIRA review precedes commissioners' vote.
6
Trump Accuses Banks of Blocking GENIUS and CLARITY Acts
Trump posted on Truth Social claiming banks undermine the GENIUS Act for stablecoins and hold CLARITY Act hostage. Urged quick US market structure progress.
7
Indiana Enacts Cryptocurrency Regulation and Investment Law
Gov. Mike Braun signed HB 1042, integrating crypto into state finance and adding user protections. Establishes framework for digital asset handling.
8
FATF Warns on Stablecoin and P2P Wallet Illicit Finance Risks
FATF report notes 250+ stablecoins by mid-2025 with $300B market cap, comprising 84% of illicit VA volume. P2P unhosted wallets flagged as key vulnerability.