stablecoin, cryptocurrencies and Trump
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The prospect of a more favorable regulatory environment for digital assets has large lenders exploring or plotting stablecoin plans, JPMorgan, BofA, Citi and U.S. Bank executives indicated this week.
Bank of America is working on launching a stablecoin, and investors can expect the lender to move forward with the cryptocurrency, CEO Brian Moynihan said on Wednesday, without giving a timeline. Stablecoins,
Stablecoin adoption is on the rise. As Crypto Week kicks off in Washington, BofA flags four corners of the market that could benefit from the boom.
The third-largest bank in the US is signaling intentions to enhance its digital asset capabilities and offerings.
After clearing a procedural hurdle in the House of Representatives by a 215-211 vote on 16 July, the GENIUS Act now heads to floor debate, having already secured bipartisan Senate
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Citigroup may issue its own stablecoin in an effort to facilitate digital payments, the bank's CEO, Jane Fraser, told analysts on a post-earnings conference call on Tuesday.
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Citigroup Inc. is considering issuing its own stablecoin, positioning the company as a possible early mover in the push by traditional banks to expand into cryptocurrencies.
Increased demand for Treasury bonds will give Congress breathing room, but without fiscal discipline it will only make the trouble worse in the long run.
Republicans in Congress and the White House want to regulate cryptocurrency, in particular, a form called stablecoin, as the cryptocurrency industry becomes a force in big money donations.