PayPal Files to Become U.S.-Chartered 'PayPal Bank'

Published at 2025-12-16 01:30:07

PayPal has applied for a U.S. banking charter and intends to operate as “PayPal Bank,” the company told regulators. The filing signals a strategic push to bring more of its payments and custody operations under a federally chartered, supervised bank entity.

If approved, PayPal Bank would gain direct access to deposit-taking, potential FDIC coverage and closer oversight by federal regulators — capabilities that can lower costs, simplify settlement and expand product offerings, including crypto-related custody and payments. The application continues a broader trend of digital-asset and payments firms seeking bank charters to bolster consumer protections and institutional trust, though approval timelines and regulatory scrutiny remain uncertain.

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Bank of Japan Governor Kazuo Ueda said the BOJ will run experiments using blockchain to settle deposits that financial institutions hold with the central bank. The trials are intended to explore improvements in settlement efficiency and operational resilience.

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Published at 2026-03-03 04:45:17

Senate Advances Housing Bill with CBDC Ban, Gains White House Backing

The Senate-backed housing package includes a ban on a U.S. central bank digital currency and has secured White House support, marking a rare bipartisan consensus. Lawmakers say the move strengthens privacy and limits federal involvement in retail digital currency design.

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Published at 2026-03-03 01:00:40

Court Dismisses Long-Running Lawsuit Against Uniswap Labs and Founder

A federal judge in the Southern District of New York dismissed state-level lawsuits against Uniswap Labs and founder Hayden Adams, ending a years-long legal battle over alleged scam token facilitation. The decision is a clear win for the decentralized exchange and could narrow liability exposure for DEX platforms.

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Published at 2026-03-03 00:15:36

Ripple Executes Record RLUSD Mint

Ripple executed the largest single issuance to date of its RLUSD stablecoin on March 2, 2026, expanding the token's circulating supply. The move could deepen liquidity across Ripple's payments and DeFi corridors and may influence XRP dynamics.

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Published at 2026-03-02 21:31:42

CFTC Appoints David Miller as Enforcement Director Amid Crypto Crackdown

The CFTC has named David Miller as its new Director of Enforcement, reinforcing the agency’s oversight of digital-asset markets. The move comes as regulators intensify scrutiny of trading integrity and market misconduct.