4 Hurdles Facing Senate Crypto Bill After Key Vote
Julia Shapero, The Hill
A cryptocurrency regulation bill cleared a key early hurdle after advancing out of the Senate Banking Committee last week, but the legislation still faces several obstacles that could endanger its success on the Senate floor and beyond.
The Clarity Act, which aims to provide guidelines for financial regulators on how to regulate the crypto industry, cleared the Senate panel Thursday with the support of all GOP members and two Democrats…
Read moreAfter Kraken’s “Skinny” Fed Account, What’s Next for Crypto?
Tom Nawrocki, PaymentsJournal
In March, the cryptocurrency exchange Kraken entered territory long reserved for banks. By securing a so-called “skinny account” from the Federal Reserve, Kraken gained direct access to the same payment rails used by the country’s largest financial institutions—a privilege historically limited to banks.
The decision could reshape far more than the crypto industry. It signals a future in which payment settlement is no longer controlled exclusively by traditional banks, raising new questions about how manages financial infrastructure, who bears risk, and what role banks will play if fintechs and crypto firms can move money without them…
Read more
Why Banks Like Tokenized Deposits
John Adams, American Banker
Even given the buzz around stablecoins, tokenized deposits are gaining more traction among banks.
Nineteen of the largest 50 U.S. banks are in some stage of developing a tokenized deposit strategy, compared to 15 for stablecoins, according to an analysis by American Banker. Four banks have a tokenized deposit product, compared to one bank that is issuing a stablecoin. Three are piloting tokenized deposits, with one piloting a stablecoin…
Read moreAmericans Lost Over $388 Million To Scams Using Crypto ATMS In 2025
Sergiu Gatlan, Bleeping Computer
The FBI says Americans have lost over $388 million last year to scams using cryptocurrency kiosks, also known as crypto ATMs or Bitcoin ATMs.
Cryptocurrency kiosks are physical, standalone electronic terminals (which may or may not require identity verification to prevent money laundering) that resemble bank ATMs and allow users to buy or sell crypto assets using cash or debit cards…
Read more