Banking
Discover how crypto banking is evolving with easy access to native tools, greater transparency, and improved safety. Learn how platforms like Bitlet.app are leading the way with innovative services.
On March 12, 2023, the New York State Department of Financial Services took control of Signature Bank amid a financial crisis. This event marked a significant moment in the banking sector, illustrating the risks and regulatory oversight in financial institutions. Learn more about the implications and how platforms like Bitlet.app offer alternative ways to engage with crypto assets safely.
On July 14, 2025, the FDIC, Federal Reserve Board, and OCC issued a joint statement addressing risk-management for banks offering crypto-asset safekeeping services, emphasizing adherence to existing regulations without adding new supervisory rules.
The SEC and DOJ have recently provided official clarifications and settlements involving Ripple and XRP, removing restrictions for banks and legally clearing XRP-based transactions. These developments pave the way for XRP to become mandated for bank transactions, signaling a potential shift in the crypto banking landscape.
The Trump administration has released a comprehensive 160-page report advocating for extensive cryptocurrency adoption in the U.S. economy, highlighting key areas such as taxation, banking, and cybersecurity. This initiative aims to provide clearer regulations and encourage innovation across multiple sectors.
JPMorgan Chase and Coinbase are joining forces to let Chase customers link bank accounts with Coinbase wallets, buy crypto with credit cards, and convert credit card points to digital assets starting next year. This marks a significant step in blending traditional banking with cryptocurrencies.
JPMorgan Chase is preparing to offer loans secured by cryptocurrency assets like Bitcoin and Ethereum, signaling growing acceptance of digital currencies among top U.S. banks. This initiative showcases a major change in CEO Jamie Dimon's perspective and highlights ongoing integration of crypto in mainstream finance.
PNC Bank teams up with Coinbase to allow customers to buy, hold, and sell cryptocurrencies directly within the bank's platform, marking a major step in mainstream financial adoption of digital assets. This partnership also comes amid favorable regulatory changes promoting crypto innovation.
Bitcoin climbed to $105,000 after President Trump's executive order promoting cryptocurrency regulations and banning CBDCs. The U.S. move signals growing mainstream acceptance of digital assets, with major cryptocurrencies gaining traction and banks preparing for crypto payments.
Bank of America's CEO stated that the institution is ready to launch a dollar-backed stablecoin pending U.S. regulatory approval. This move demonstrates the increasing interest of traditional banks in integrating cryptocurrencies into their offerings.