In a landmark policy shift, Federal Reserve Governor Christopher Waller has proposed granting stablecoin issuers and crypto firms direct access to the central bank’s payment infrastructure through a new ‘skinny’ master account. This revolutionary payment-only door would provide Fedwire and ACH connectivity while excluding traditional banking services, potentially transforming how digital dollar transactions are settled and positioning compliant U.S. stablecoins as central bank-backed instruments.
read more
CryptoNews Article 
October 25, 2025 | 21:25
October 25, 2025 | 21:25
CryptoNews Article October 25, 2025 | 01:39
October 25, 2025 | 01:39
CryptoPress Release October 25, 2025 | 00:29
October 25, 2025 | 00:29
CryptoPress Release October 24, 2025 | 03:13
October 24, 2025 | 03:13
FinanceNews Article October 21, 2025 | 21:30
October 21, 2025 | 21:30
Custodia Bank
1 in Finance and 4 in Crypto last week
Trump Taps SEC Crypto Chief for CFTC, Backed by Winklevoss
President Donald Trump has nominated Michael Selig, the SEC’s Crypto Task Force Chief Counsel, to lead the Commodity Futures Trading Commission, signaling unprecedented coordination between financial regulators on pro-crypto policies. The selection represents a major political victory for crypto billionaires Tyler and Cameron Winklevoss, who successfully lobbied against the previous nominee. Selig’s appointment comes at a critical juncture for the severely understaffed CFTC as it faces massive new responsibilities in regulating both cryptocurrency and emerging prediction markets.
read moreU.S. Banks Launch Tokenized Deposit Network
Custodia Bank and Vantage Bank Texas have launched a live network enabling U.S. banks to issue tokenized deposits that can convert between insured deposits and compliant stablecoins. The platform represents a significant step toward integrating traditional banking with blockchain technology while maintaining regulatory protections. Final regulatory approval is pending before full-scale deployment.
read moreCustodia Bank Launches Tokenized Deposit Solution for Banks
Custodia Bank and Vantage Bank have introduced a groundbreaking blockchain solution enabling traditional banks to tokenize customer deposits. This innovation allows financial institutions to leverage blockchain technology while maintaining deposit security, promising near-instant, low-cost transactions across participating banks and representing a significant bridge between traditional finance and digital assets.
read moreFed Proposes ‘Skinny’ Master Accounts for Crypto Banks
Federal Reserve Governor Christopher Waller has proposed a groundbreaking plan to offer limited ‘skinny’ master accounts to innovation-focused banks, potentially granting crypto institutions direct access to Fed payment systems for the first time. These streamlined accounts would provide faster access to critical financial infrastructure while excluding traditional banking privileges like interest payments and overdraft protection. The move represents a significant shift in the Federal Reserve’s approach to emerging financial technologies and could reshape America’s banking landscape for cryptocurrency companies.
read moreSEC’s Gensler Text Deletion Sparks Crypto Industry Outrage
The SEC’s Office of the Inspector General disclosed that former Chair Gary Gensler’s text messages from October 2022 through September 2023 were permanently lost due to a chain of IT failures. The agency’s device management system failed to detect Gensler’s phone had stopped syncing for 62 days, leading to it being flagged as lost/stolen. During recovery attempts, staff mistakenly performed a factory reset that erased all messages. The crypto industry has reacted strongly, noting the period covers pivotal events including FTX’s collapse, Silvergate Bank’s liquidation, and the Silicon Valley Bank crisis. Coinbase’s Chief Legal Officer called it evidence destruction relevant to ongoing litigation, while Custodia Bank’s CEO highlighted the timing’s significance. The SEC has since disabled texting on most devices and implemented new backup measures.
read moreUS Banks Face Fines for Dropping Crypto Clients Under New Order
The White House is set to issue an executive order fining banks that discriminate against crypto companies or drop customers for political reasons, as reported by The Wall Street Journal. The order directs regulators to investigate potential violations of the Equal Credit Opportunity Act and other financial laws, with penalties including fines and consent decrees. This represents a departure from Biden-era policies under Operation Chokepoint 2.0, with the Trump administration now positioning itself as a defender of crypto against alleged banking bias. Cases like JPMorgan closing accounts of crypto executives, including Coinbase’s Brian Armstrong and Frax Finance’s Sam Kazemian, have fueled calls for reform. Banks cite anti-money laundering risks, but critics argue they oppose crypto’s decentralized nature, which challenges traditional banking control. Meanwhile, the UK recently banned a Coinbase ad criticizing its financial system.
read moreUS Crypto Legislation Battle: Banks vs. Digital Assets
Custodia Bank CEO Caitlin Long describes the struggle to pass crypto legislation in the US as a clash between traditional banks and the digital asset industry. While the House has passed the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act, only the GENIUS Act—establishing federal stablecoin rules—has cleared both chambers. Long argues that the crypto industry holds an advantage due to the US’s fiscal deficits and the need for new Treasury buyers, suggesting that Congress aims to enable crypto-driven demand for US debt.
read moreTrump’s Crypto Plan: $9T Retirement Funds & Tax Relief
President Donald Trump is reportedly preparing an executive order to allow 401(k) retirement plans to invest in cryptocurrencies, gold, and private equity, potentially unlocking $9 trillion in retirement funds for digital assets. The initiative seeks to modernize investment options and capitalize on the growing appeal of crypto. Additionally, the Trump administration is considering a ‘de minimis’ tax exemption for small Bitcoin transactions, eliminating capital gains tax on minor purchases. Experts like Omar Kanji of Dragonfly highlight the massive potential influx of capital, estimating that even a 1% allocation from 401(k)s could bring $90 billion into crypto. Custodia Bank CEO Caitlin Long suggests this tax change could have a bigger impact than recent pro-crypto legislation, further solidifying Bitcoin’s role as a payment method.
read moreCustodia CEO Slams Fed’s Anti-Crypto Policies Favoring Big Banks
Custodia Bank CEO Caitlin Long has publicly criticized the U.S. Federal Reserve for what she describes as anti-crypto policies that disproportionately benefit large banks. While the Fed recently rescinded several restrictive crypto policies, it maintained a January 2023 rule preventing banks from holding cryptocurrencies or issuing stablecoins on public blockchains. Long argues this creates an uneven playing field, allowing major banks to dominate private blockchain solutions while stifling innovation on public networks like Ethereum. Senator Cynthia Lummis has echoed these concerns, accusing the Fed of using ‘reputational risk’ warnings to limit bank involvement with crypto assets. The controversy highlights ongoing tensions between regulators and the crypto industry over blockchain adoption in traditional finance.
read more