Top U.S. banks are quietly preparing to enter the crypto market through cautious pilot programs and partnerships, as regulators offer clearer signals. While enthusiasm grows, most lenders remain hesitant, seeking more clarity on rules before committing heavily.
Major U.S. banks are holding internal talks about cautiously expanding into cryptocurrencies, spurred by more favorable regulatory signals under the Trump administration. According to industry executives, initial moves will focus on pilot programs, partnerships, or limited trading to avoid regulatory missteps.
While some firms, like JPMorgan Chase, remain skeptical, others - such as Charles Schwab, Bank of America, and Morgan Stanley - are exploring services like crypto custody, stablecoins, and crypto trading platforms. Schwab expects to offer spot crypto trading within a year.
Still, banks are seeking clearer, unified guidelines from regulators, especially around anti-money laundering, custody, and market-making roles. Some firms are even discussing a joint stablecoin project.
Despite easing rules, including scrapped SEC guidance and friendlier stances from the OCC, banks are approaching crypto with caution. Industry experts say more defined regulations are needed before large-scale banking involvement becomes a reality.
Cambodia will nominate U.S. President Donald Trump for the Nobel Peace Prize following his role in ending a deadly five-day armed conflict with Thaila...
The deadline to secure a new U.S. trade deal arrives today, potentially marking a turning point in the country’s economic strategy amid faltering mo...
Iran’s President Masoud Pezeshkian is due to start his two-day state visit to Pakistan on Saturday while the relations of the two neighboring countr...
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data govern...
High-ranking delegations from UN member states, business leaders, and representatives of international financial institutions will gather in Turkmenis...
The deadline to secure a new U.S. trade deal arrives today, potentially marking a turning point in the country’s economic strategy amid faltering momentum on global agreements and rising international tensions.
Iran’s President Masoud Pezeshkian is due to start his two-day state visit to Pakistan on Saturday while the relations of the two neighboring countries have gained new significance in terms of regional and international developments.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
President Donald Trump’s decision this morning to impose a new wave of U.S. import tariffs set off a flurry of statements from capitals around the world. While some governments secured last-minute concessions, others blasted the move as a destabilizing shock to the global trading system.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
The European Commission has said it does not view imposing network fees on major technology firms as a practical solution to the ongoing debate over funding the expansion of 5G and broadband infrastructure across the bloc.
Germany’s cabinet has approved a draft 2026 budget on Wednesday featuring record investments and a borrowing level nearly three times higher than last year’s, aiming to strengthen infrastructure and defence while efforts to revive growth.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment