In a strategic move to consolidate its financial infrastructure, PayPal has filed applications with Utah regulators and the Federal Deposit Insurance Corporation (FDIC) to establish an industrial bank. This initiative, driven by CEO Alex Chriss, aims to grant the payments giant direct control over lending, deposit services, and payment network access—reducing its dependence on third-party banks. The application is positioned to enhance support for U.S. small business lending and, critically, to provide a regulated banking framework for PayPal’s expanding cryptocurrency and stablecoin operations, including its PYUSD stablecoin.
about PayPal Files to Form Industrial Bank for Crypto and LendingFDIC
0 in Finance and 0 in Crypto last weekFDIC to Unveil GENIUS Act Rules for Stablecoin Issuers by Year-End
The U.S. Federal Deposit Insurance Corporation (FDIC) is poised to take a decisive step in regulating the digital asset market, with acting chair Travis Hill announcing the agency will release its first major proposal for implementing the GENIUS Act before December concludes. This initial framework will establish how banks can seek approval to issue payment stablecoins, marking the beginning of a structured federal oversight regime that has been anticipated since the law’s passage in July.
about FDIC to Unveil GENIUS Act Rules for Stablecoin Issuers by Year-EndFDIC to Propose Stablecoin Rules Under GENIUS Act This Month
The U.S. Federal Deposit Insurance Corporation (FDIC) is poised to take a decisive step in cryptocurrency oversight, with acting chair Travis Hill set to announce a proposed framework for implementing stablecoin laws under the GENIUS Act later this month. This move signals the beginning of a structured federal regulatory approach to payment stablecoins, a rapidly growing segment of the digital asset market that has operated under significant regulatory uncertainty.
about FDIC to Propose Stablecoin Rules Under GENIUS Act This MonthLevelField to Become First FDIC-Insured Crypto Bank
LevelField Financial has secured conditional regulatory approval to acquire Chicago-based Burling Bank, positioning the digital asset firm to become the first FDIC-insured bank offering cryptocurrency services nationwide. This landmark acquisition, approved by the Illinois Department of Financial and Professional Regulation, represents one of the most significant crypto-banking mergers in recent months and could fundamentally reshape how Americans access digital assets through traditional banking channels.
about LevelField to Become First FDIC-Insured Crypto BankFDIC Moves Toward Crypto Banking & Stablecoin Rules
The FDIC is preparing to clarify how deposit insurance applies to blockchain-based banking products and establish a framework for stablecoin issuance. Acting Chair Travis Hill announced the agency’s push for formal guidance amid growing confusion about digital asset protections. This regulatory clarity could reshape how traditional banking safeguards intersect with emerging financial technologies.
about FDIC Moves Toward Crypto Banking & Stablecoin RulesFDIC Plans Stablecoin Rules and Tokenized Deposit Insurance
The Federal Deposit Insurance Corporation is taking decisive steps to bring regulatory clarity to the digital asset space, with Acting Chair Travis Hill announcing plans for both a stablecoin application framework and forthcoming guidance on tokenized deposit insurance. These initiatives, revealed at the Federal Reserve Bank of Philadelphia’s Fintech Conference, represent a significant advancement in integrating traditional banking safeguards with emerging financial technologies, signaling the FDIC’s commitment to modernizing financial regulation while maintaining consumer protections.
about FDIC Plans Stablecoin Rules and Tokenized Deposit InsuranceIran Bank Collapse: Global Warning for Financial Systems
Iran’s financial system has been rocked by the dramatic collapse of Ayandeh Bank, one of the country’s largest private lenders, exposing deep vulnerabilities in both emerging and developed financial markets. The bankruptcy, involving $5.2 billion in losses and $3 billion in debt absorbed by state-owned Melli Bank, occurs amid Iran’s simultaneous hyperinflation and severe recession, with depositors facing limited insurance coverage of just $930. This crisis highlights Bitcoin’s emerging role as a hedge against systemic financial risk, mirroring recent U.S. banking failures and revealing the universal fragility of trust in traditional finance.
about Iran Bank Collapse: Global Warning for Financial SystemsAFL-CIO Slams Crypto Bill as ‘Facade of Regulation’
The nation’s largest labor federation has launched a fierce opposition to the Senate’s flagship crypto legislation, warning it creates dangerous loopholes while providing only superficial oversight. The AFL-CIO argues the Responsible Financial Innovation Act weakens consumer safeguards and exposes workers’ retirement funds to unnecessary risk, drawing parallels to the conditions that led to the 2008 financial collapse. The dispute emerges as Senate Republicans push for a November floor vote on the controversial legislation that would fundamentally reshape how traditional financial institutions interact with digital assets.
about AFL-CIO Slams Crypto Bill as 'Facade of Regulation'FDIC Moves to Limit ‘Reputation Risk’ Banking Restrictions
The Federal Deposit Insurance Corporation is preparing to debate new rules that would restrict how regulators use ‘reputation risk’ assessments against banks, marking a potential turning point for cryptocurrency firms seeking mainstream banking access. Acting chair Travis Hill argues this vague regulatory label has been misused to block legitimate banking services, particularly affecting digital asset companies. This regulatory shift follows President Trump’s executive order addressing debanking practices and could significantly reshape banking relationships for the crypto industry.
about FDIC Moves to Limit 'Reputation Risk' Banking RestrictionsFDIC to Debate Debanking Rules After Trump Executive Order
The Federal Deposit Insurance Corporation’s board of directors is preparing to discuss proposed rules that could significantly reshape how regulators approach banking relationships with cryptocurrency firms. Acting Chair Travis Hill has signaled support for former President Donald Trump’s executive order targeting what he called ‘politicized or unlawful debanking activities,’ setting the stage for a pivotal debate over whether regulators have improperly used ‘reputation risk’ concerns to restrict banks from serving crypto clients, including blocking transfers to exchanges.
about FDIC to Debate Debanking Rules After Trump Executive OrderTrump Nominates Travis Hill as FDIC Chair, Crypto Advocate
President Donald Trump has formally nominated acting FDIC Chair Travis Hill to lead the banking regulator for a full five-year term, signaling potential continuity in the agency’s approach to digital assets. Hill, who has served as acting chair since January, has already established himself as a proponent of clearer crypto guidance and has pushed back against allegations of systematic debanking in the financial sector. His nomination now moves to the Senate Banking Committee for confirmation, where his regulatory philosophy toward digital assets and tokenization will likely face scrutiny.
about Trump Nominates Travis Hill as FDIC Chair, Crypto AdvocateAave Dominates DeFi Lending with $30.5B in Active Loans
Aave has solidified its position as the dominant force in decentralized lending, capturing 65% of the entire DeFi lending market with $30.5 billion in active loans. The protocol’s massive $42 billion total value locked makes it the largest DeFi protocol by this metric. Remarkably, Aave’s deposit size would rank it among the top 2.5% of US commercial banks if operating traditionally.
about Aave Dominates DeFi Lending with $30.5B in Active Loans