GENIUS Act Clears Senate Banking Committee: What It Means For Stablecoins
Senator Hagerty’s GENIUS Act advances out of banking committee with bipartisan support despite Elizabeth Warren’s warnings about crypto risks and consumer protection concerns.
Senate Banking advances Scott's debanking bill
The Senate Banking Committee voted Thursday to advance legislation seeking to strike "reputational risk" from the toolkit of U.S. regulators considering vulnerabilities at financial institutions. Why it matters: Supporters of the FIRM Act argue that it removes a subjective standard open to abuse by administrations looking to target disfavored industries.
Senate Moves To End "Operation Choke Point" De-Banking With New Bill—But More Protections Are Needed
Following a key hearing in February, Senate Banking Committee Chairman Tim Scott (R-SC) is seeking to protect financial freedom with the
Senate Banking panel advances stablecoin bill
The Senate Banking Committee voted Thursday to advanced legislation to create a regulatory framework for payment stablecoins. The movement on the GENIUS Act marks a key win for the Trump
Landmark Stablecoin Bill Advances in Senate Banking Committee
The Senate Banking Committee advanced landmark stablecoin legislation Thursday in a major victory for the ascendant cryptocurrency industry, despite strong objections from top Democrat Elizabeth Warren.
U.S. Senate Moves Forward with Stablecoin Bill
The U.S. Senate Banking Committee has moved forward the crypto industry’s stablecoin bill, a major step toward getting American President
Stablecoin bill clears Senate committee
The Senate Banking Committee Thursday voted to send a stablecoin bill to the full chamber for debate. Why it matters: The committee markup on the GENIUS Act was a key step in advancing a stablecoin bill,
U.S. Senate Takes First Big Step to Advance Stablecoin Bill
The first committee approval of a stablecoin bill in this new congressional session now moves the so-called GENIUS Act toward the Senate floor.
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Artificial Intelligence May Revolutionize the Banking Industry, But It’s Sowing Uncertainty in the Meantime
Artificial intelligence can increase a bank’s productivity and, in turn, its financial performance. Bloomberg’s report ...
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Axos Bank Taps Industry Veteran Ilkov to Lead Its Middle Market Banking Division
Axos Bank has launched a Middle Market Banking Division, appointing Kristian Ilkov as executive vice president to lead the ...
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Bespin Global expands open banking offerings via partnership
Through its collaboration with Ozone API, Bespin Global's U.S. branch will offer its bank clients an "end-to-end" open ...
IndusInd issue puts the spotlight on India's banking sector
IndusInd Bank discovered discrepancies in account balances related to currency derivatives. This prompted an internal review ...
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Banking on experience: Which SA lender comes out tops?
ADRÉ SCHREUDER: As they say, customer experience is very much about a journey. We often talk about the ‘customer journey’, ...
City National Bank Announces Appointment of Anthony Di Santi as Managing Director, Head of Corporate Sports Banking
City National Bank recently announced the appointment of Anthony Di Santi as managing director, head of Corporate Sports ...
Moody's maintains stable outlook for Indian banking sector amid expected asset quality deterioration
Moodys maintains a stable outlook for the Indian banking sector but anticipates some asset quality deterioration in unsecured ...
Analysis-Big Bank Deals Stalled by Trump Volatility Even as Officials Signal Deregulation
While welcoming deregulatory signs, bankers and industry executives told Reuters that big mergers were stalled by market ...