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CRYPTO NEWS ARCHIVE

Permanently retained stories with extracted source text and completed, source-grounded AI summaries.

  1. ALLCointelegraph

    Community banks sue OCC over trust bank charters of crypto firms

    The Independent Community Bankers of America (ICBA) filed a lawsuit against the Office of the Comptroller of the Currency (OCC), arguing that the agency's decision to permit cryptocurrency companies to obtain limited national trust bank charters exceeds Congress's authority, as stated by ICBA president Rebeca Romero Rainey. The ICBA claims that these charters grant crypto firms the credibility of a US bank without the safeguards or compliance measures typical of normal banks, such as Community Reinvestment Act obligations, supervision, and FDIC insurance. The lawsuit seeks to have the court limit the OCC’s authority to its statutory scope. The OCC had not provided a comment on the case at the time of the report.

  2. ALLCointelegraph

    Trump expected to appoint Jay Clayton as new AI czar: Reports

    President Donald Trump is expected to appoint Jay Clayton, the current director of national intelligence, as the new AI czar, according to reports from CNN and other media outlets citing unidentified sources. Cointelegraph noted that Trump had previously planned to create an “AI Force” and appoint an AI czar to manage the sector without additional regulations, as part of his efforts to promote innovation while addressing potential AI dangers. Trump’s actions followed public warnings about AI risks, including a proposal from Anthropic to slow the pace of AI development, which some industry leaders supported. Clayton, who led the SEC during Trump’s first term and was confirmed as head of the intelligence community in July, has spoken about AI being both an opportunity and a threat.

  3. ALLCoinDesk

    Bank group sues U.S. regulator over granting crypto trust charters

    The Independent Community Bankers of America (ICBA) has filed a lawsuit against the Office of the Comptroller of the Currency (OCC), alleging that the agency has overstepped its legal authority by granting national trust bank charters to crypto firms. The ICBA contends that these crypto trust banks are not subject to the same regulatory standards as traditional banks, which they argue puts small community banks at a competitive disadvantage. The OCC has been issuing trust charters to various crypto companies, including Coinbase, Crypto.com, and World Liberty Financial, but an OCC spokesperson declined to comment on the lawsuit. Critics, including Democratic Senator Elizabeth Warren, have expressed concerns about potential conflicts of interest and the lack of similar obligations on these crypto trust banks.

  5. ALLCointelegraph

    $4.2B crypto bank Anchorage Digital cuts 17% of workforce: Report

    Anchorage Digital, a federally chartered US digital asset bank valued at $4.2 billion earlier this year, reportedly laid off around 17% of its workforce, which would be approximately 68 jobs if the company had about 400 employees as of February. The layoffs are attributed to the ongoing crypto market downturn, according to sources cited by The Information. Despite the staff reductions, Anchorage has continued to expand its role within the regulated US crypto industry, including receiving a national trust charter and entering into stablecoin issuance, such as Tether’s USAT. The company also secured a $100 million strategic investment from Tether earlier this year.

  7. ALLCoinDesk

    BNY in talks with Kraken parent Payward over infrastructure partnership

    BNY Mellon is reportedly in discussions with Payward, the parent company of Kraken, regarding a broad financial-infrastructure partnership that could encompass digital assets, custody, trading, payments, and wealth management, according to sources cited by CoinDesk. The potential deal may be similar to Payward’s recent infrastructure-related agreement with Nasdaq, which is developing Nasdaq Equity Tokens and other collaborative projects. Both Payward and BNY Mellon have declined to comment on the negotiations, which are still ongoing and not guaranteed to result in an agreement. This development aligns with BNY Mellon's broader efforts into digital-asset infrastructure and Payward’s expansion in integrating its digital operations with established financial institutions.

  15. ALLCoinDesk

    America at a crossroads: Commissioner Peirce’s parting challenge

    Hester Peirce, the outgoing SEC Commissioner, has been recognized for her principled stance on regulation in the digital asset industry, advocating for rules that foster innovation while protecting investors. In her last public remarks, she emphasized the need to address the current regulatory framework, which relies heavily on the mass collection and storage of personal data, leading to significant privacy risks and vulnerabilities. Peirce highlighted the potential of privacy-enhancing technologies such as blockchain, zero-knowledge proofs, and verifiable credentials to create a more private and consumer-centric digital economy, advocating for a regulatory framework that encourages these innovations. She stated that the existing laws often require unnecessary data disclosures and that a shift toward embracing privacy-preserving technologies could reconcile security and privacy, maintaining American ideals of liberty and innovation.

  18. ALLCoinDesk

    Cboe wants to turn VIX into a never-ending trade

    Cboe is exploring the potential launch of perpetual futures on the VIX, which would remove contract expiry and aim to provide a continuous trading mechanism, according to Bloomberg. The VIX, known as Wall Street's "fear gauge," currently has derivatives tied to it such as futures and options, but these involve expiries that can lead to costs and basis risks. Market insights lead at DWF Labs mentioned that this development could lead to a "wave of perp-ification" for volatility products, although analysts at Marex Solutions highlighted ongoing challenges related to hedge costs and the index's mathematical nature, which differs from tradable assets like Bitcoin. The move indicates a trend of integrating traditional market structures with crypto-inspired innovations in volatility markets.

  23. BITCOINCointelegraph

    Bitcoin reaches for $87K as short liquidations top $120M

    Bitcoin approached $87,000 on Friday, reaching its highest since September 23, after breaking through sell orders around $85,000, with the price hitting $86,857 before pulling back slightly below $86,000. Over the past 24 hours, short liquidations totaled $122 million across the crypto market, with potential liquidation clusters identified above $87,000. The movement was facilitated by reduced ask liquidity above $85,000, allowing the price to move upward more quickly. Meanwhile, ETF inflows have declined since September 21, with U.S. spot Bitcoin ETFs recording net inflows of approximately $103 million in late September, according to data from Farside Investors. Analysts suggest that broader support for Bitcoin’s uptrend would require a sustained breakout accompanied by higher trading volume and renewed ETF inflows, which have so far been modest compared to earlier in September.