How Stash helps its customers navigate emerging wealth tools

"One of the biggest learnings for us ... was making sure that we give context to the information that we're asking for and why," said Claudio Esposito, the fintech's senior vice president of product.

By Suman Bhattacharyya • Dec. 3, 2021

Execs from 6 crypto firms to testify Dec. 8 before House panel

Representatives from Coinbase, Circle — and a former acting comptroller — are set to discuss "the challenges and benefits of financial innovation" as lawmakers seek answers.

By Robin Bradley • Dec. 2, 2021

Explore the Trendline➔

Artificial intelligence

Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?

By Banking Dive staff

Diem co-creator Marcus to leave Facebook parent Meta by end of year

In a series of tweets and Facebook posts Tuesday, David Marcus said he is leaving to pursue other projects. Stephane Kasriel, vice president of product at Novi, will take over his role leading the stalled crypto effort.

By Anna Hrushka • Dec. 1, 2021

Senate banking panel chair seeks stablecoin issuer feedback

The complexity of stablecoins makes it difficult for investors and consumers to fully understand their potential risks, Sen. Sherrod Brown, D-OH, said in letters to eight issuers and exchanges, including Coinbase and Tether.

By Anna Hrushka • Nov. 29, 2021

Bank regulators to roll out crypto guidance in 2022

A two-page report doesn't provide many details regarding how banks should navigate digital assets, but regulators said the industry should expect further guidance throughout the next year.

By Anna Hrushka • Nov. 23, 2021

Citi names crypto team chief, looks to hire 100 more in digital asset effort

Puneet Singhvi will become the head of digital assets for Citi's institutional clients group Dec. 1, according to an internal memo.

By Robin Bradley • Nov. 23, 2021

Banks, fintechs navigate market's appetite for crypto amid pending regulatory guidance

From Bitcoin rewards to custody services for digital assets, banks and fintechs are carving out strategies and services tied to crypto as regulators seek to catch up with guidance.

By Anna Hrushka • Nov. 22, 2021

Fed's Waller warns against bank-only stablecoins

"While regulations are necessary, they also limit free entry into at least some of the markets in which banks operate," Waller said. "As a result, regulatory oversight can insulate banks from some forms of direct competition."

By Robin Bradley • Nov. 18, 2021

Ripple puts SEC on losing end in crypto regulation proposal

The company said the existing framework can be adapted to fit crypto and touted legislation that would de-emphasize the SEC's role in favor of the CFTC.

By Dan Ennis • Nov. 17, 2021

Crypto creeps into the checkout line

Payments firms are betting on crypto's growth as an asset class to fuel crypto adoption at checkout.

By Suman Bhattacharyya • Nov. 10, 2021

Why Current built its core technology in-house

Curbing the need for a third-party processor helps money move faster, said the fintech's CTO, Trevor Marshall. "When I think of a checking account, I think of a parking lot," he said. "Current is about movement."

By Suman Bhattacharyya • Nov. 8, 2021

Toomey cautions against proposal to regulate stablecoin issuers as banks

"I think we have to really think long and hard before we put some onerous regulatory regime on a new technology," the Republican senator from Pennsylvania said.

By Anna Hrushka • Nov. 5, 2021

Regulators eye bank-like oversight for stablecoin issuers

Stablecoins can support beneficial payments options, Treasury Secretary Janet Yellen said, "but the absence of appropriate oversight presents risks to users and the broader system."

By Anna Hrushka • Nov. 2, 2021

Regulators to issue policy on crypto, stablecoins, FDIC chair says

Jelena McWilliams shared details about the interagency "crypto sprint" involving the FDIC, the OCC and the Fed, and said the agencies plan to issue a series of policy statements in the coming months.

By Anna Hrushka • Oct. 26, 2021

Vast Bank's new platform aims for the 'crypto curious'

"Banks for centuries have been safe keepers and custodians of what people value," said CEO Brad Scrivner. "And in today's world, that's now digital assets."

By Anna Hrushka • Oct. 21, 2021

Biden's OCC pick faces a delicate balance among moderates

Sen. Jon Tester, D-MT, said he would "hold off" expressing support "until after I meet with her." One attorney said the OCC pick should "balance mitigating risk with encouraging innovation."

By Anna Hrushka • Oct. 20, 2021

Facebook's Novi launches digital currency wallet pilot

The announcement was met nearly immediately with pushback from five senators urging that the project be discontinued.

By Dan Ennis • Oct. 20, 2021

Celsius, Tether and the 'known known'

Lender Celsius' admission that Tether accepts crypto tokens in exchange for stablecoins should be a bombshell. Rather, it confirms a suspicion regulators held so strongly that they've already penalized Tether for it. Twice.

By Dan Ennis • Oct. 19, 2021

No profit worries? Earnings week still served up drama

BNPL, crypto, bonuses, regulatory woes and even office layout bubbled up as subplots among Wall Street's heavy hitters.

By Dan Ennis • Oct. 18, 2021

Coinbase sees single regulator, new framework for crypto supervision

The approach would keep companies from having to comply with several agencies, which are adapting old laws to new tech, and help maintain the U.S.'s status as a "shaper" of oversight, Coinbase said.

By Dan Ennis • Oct. 18, 2021

Andreessen Horowitz poaches 2 crypto execs from Facebook's Novi

It wouldn't be the first adversity the social network's digital currency effort has faced — nor the first time this year a pair of executives have fled an established market player in tandem for a more startup-like environment.

By Dan Ennis • Oct. 12, 2021

U.S. Bank launches crypto custody service

Though limited to Bitcoin and its early spinoffs, the bank said it sees expansion to Ethereum and others eventually.

By Dan Ennis • Oct. 6, 2021

Robinhood, Revolut and PayPal play business-model musical chairs

New products have Revolut trying its hand at Robinhood's game, Robinhood looking to Coinbase, and PayPal seeing if high-yield savings a la Marcus would be a good fit.

By Dan Ennis • Sept. 24, 2021

Coinbase scraps crypto lending product under fire from SEC

The company is also discontinuing its waitlist for Lend, a product that would have let users earn 4% interest by lending their holdings of a stablecoin to other customers.

By Dan Ennis • Sept. 21, 2021

Coinbase reveals SEC plan to sue over lending product

Company execs ask for more clarity from the regulator amid plans to delay the interest-bearing offering until at least next month.

By Dan Ennis • Sept. 8, 2021