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Senate Banking Committee Unveils Digital Asset Framework Amid Record Industry Spending
Jul 28, 2025
The Senate Banking Committee released a discussion draft of the Responsible Financial Innovation Act of 2025 last week, marking a significant development in federal cryptocurrency regulation efforts. The proposed legislation introduces "ancillary assets" as a regulatory category and outlines expande
Goldman Sachs, BNY Launch Tokenized Access to $7.1 Trillion Money Market Industry
Jul 23, 2025
Goldman Sachs and Bank of New York Mellon have developed a system allowing institutional investors to purchase tokenized money market funds, marking a significant advancement in the digitization of the $7.1 trillion money market industry. The initiative enables BNY clients to invest in money market
PNC Bank Partners With Coinbase to Launch Crypto Services for Institutional Clients
Jul 22, 2025
PNC Bank announced Tuesday it will offer cryptocurrency services to institutional and banking clients through a partnership with digital asset exchange Coinbase, making it one of the largest U.S. banks to embrace digital assets at scale. What to Know: PNC will use Coinbase's infrastructure to let cl
JPMorgan Eyes Bitcoin-Backed Loans Despite CEO's Crypto Skepticism
Jul 22, 2025
JPMorgan Chase is exploring plans to offer loans backed by clients' cryptocurrency holdings, including Bitcoin and Ethereum, as early as next year, according to a Financial Times report citing people familiar with the matter. The potential move represents a significant shift for the nation's largest
JPMorgan Chase Surpasses Estimates With $14.9 Billion Quarterly Profit
Jul 15, 2025
JPMorgan Chase reported second-quarter earnings of $14.9 billion Tuesday, beating analyst expectations despite a 17% decline from the previous year. The nation's largest bank posted earnings of $5.24 per share on revenue of $45.68 billion, exceeding Wall Street forecasts as fixed income trading and
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