America | Crypto

In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system. Bank of America CEO Brian Moynihan warned that interest-bearing stablecoins could pull as much as $6 trillion out of the US banking system, arguing that large-scale deposit migration would reduce lending capacity and push borrowing costs higher. The comments surfaced after a crypto investor shared a screenshot from Bank of America’s earnings call transcript on X. During the call, Moynihan pointed to Treasury-cited studies showing that a significant share of bank deposits could shift into stablecoins if issuers are allowed to pay interest. He said such products would function more like “a money market mutual fund concept,” with funds held in cash, central bank reserves or short-term Treasurys rather than deployed for lending. Read more

Crypto remains a key technology for maintaining America’s technological edge, according to a16z, which has raised another $15 billion to back American-aligned tech investments. Tech-focused venture capital firm Andreessen “a16z” Horowitz said it raised over $15 billion to invest in companies and technologies it sees as critical to secure America’s future and win the next century — and crypto remains a key part of that mission. In a post to X Friday, a16z co-founder Ben Horowitz, acknowledged that China and other competitors have caught up to the US in recent decades and that America must continue to innovate to preserve its technological, economic, and military dominance: Horowitz said alignment between the US government and the private sector is crucial to defend American interests, warning that failure could cost the country its dominance: Read more

Bank of America said it recommended investors buy Coinbase's stock, pointing to its new products including weekday equities trading and prediction markets.

On Monday, January 5, something small on paper becomes huge in practice, the moment a mainstream American wealth adviser can finally say the quiet part out loud. Bank of America’s wealth platforms, Merrill, Bank of America Private Bank, and Merrill Edge, are set to let advisers recommend crypto exchange-traded products, with an internal view that […] The post Bank of America advisers are finally recommending Bitcoin, but the “modest” allocation is the bigger shock appeared first on CryptoSlate.

Bank of America will enable advisers across Merrill and its private bank to recommend four spot Bitcoin ETFs, expanding beyond client-led access. Bank of America is making crypto a more routine part of its US wealth business, allowing advisers across Merrill, the Bank of America Private Bank and Merrill Edge to proactively recommend spot Bitcoin exchange-traded funds. Bank of America’s chief investment office (CIO) has approved four US-listed spot Bitcoin funds for coverage: Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Mini Trust (BTC) and BlackRock’s iShares Bitcoin Trust (IBIT). These four ETFs are among the largest and most liquid spot Bitcoin (BTC) products on the market, which makes them easier for the bank to underwrite from an operational and regulatory risk perspective than smaller, more complex or leveraged vehicles. Read more

Crypto majors are sharply higher, climbing 6–10% following Vanguard’s crypto debut and supportive commentary from Bank of America, with BTC up 6% to $92,900, ETH up 9% to $3,070, BNB up 7% to $899, and SOL up 10% to $142. Among top movers, SUI gained 24%, PENGU 19%, and LINK 18%. Ethereum’s Fusaka upgrade is scheduled to launch today, aiming to improve mainnet ingestion of L2 data and reduce rollup costs to enhance scalability. Bank of America is now recommending a 1–4% crypto allocation for clients across Merrill Lynch and the Private Bank. On the corporate front, Kraken has agreed to acquire tokenization platform Backed Finance to accelerate the adoption of tokenized stocks, while Chainlink introduced its “LINK Everything” initiative, a comprehensive tokenization stack featuring CCIP, compliance tools, and expanded data and compute services. In the regulatory and leadership landscape, crypto-friendly Kevin Hassett is now an 85% favorite to become the next Federal Reserve Chair after Jerome Powell, Binance h...

Bank of America’s wealthiest clients will gain access to Bitcoin ETFs, while its network of over 15,000 wealth advisers can recommend crypto exposure for the first time, Yahoo reported. More big-name financial institutions are opening the door to Bitcoin exposure, signaling a growing institutional appetite for regulated digital asset products. Bank of America, the second-largest US bank, reportedly recommended a 1%–4% cryptocurrency allocation to its wealth management clients through the Merrill, Bank of America Private Bank and Merrill Edge platforms, according to a statement shared with Yahoo Finance on Tuesday. “For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate,” said Chris Hyzy, chief investment officer at Bank of America Private Bank, in the statement shared with Yahoo. Read more

The United States could generate up to $14 trillion in cumulative value if 1% of federal taxes are paid in Bitcoin over the next two decades, according to new modeling from Bitcoin Policy Institute presented alongside Rep. Warren Davidson’s Bitcoin for America Act. The bill, introduced on Nov. 20, would allow taxpayers to settle federal […] The post New Bitcoin for America Act lets you pay the IRS in Bitcoin and fuels a $14T boost to economy appeared first on CryptoSlate.

Donald Trump’s pardon of Binance founder Changpeng “CZ” Zhao removed his remaining criminal exposure while leaving intact the more than $4.3 billion that Binance has already paid to U.S. agencies. On X, CZ treated the idea of clawing that money back as hypothetical. He replied to a post about a refund with a “delicate question” […] The post Binance to invest over $4 billion in America if it gets a refund after CZ pardon appeared first on CryptoSlate.

The following is a guest post and opinion from Jeremy Boynton, Co-Founder of Pure Crypto. As Washington’s shutdown drags on, now is a good moment to step back and assess a SEC decision that could shape innovation, advisors and everyday investors for years to come. In a quiet but monumental shift, the Commission recently approved […] The post The SEC’s new crypto rules are a win for free markets — and for America appeared first on CryptoSlate.

New York City Mayor Eric Adams just built a new power center for crypto inside City Hall. On Oct. 14, he signed Executive Order 57 and created the Office of Digital Assets and Blockchain Technology, a unit that sits in the Mayor’s Office, reports to the city CTO, and is led by Moises Rendon. City […] The post Can New York’s new crypto office thaw America’s coldest market? appeared first on CryptoSlate.

The Pentagon isn’t usually in the business of commodity speculation, but when national security is at stake, expect the old rules to bend. The Financial Times reports that the U.S. Defense Department has kicked off a $1 billion spree to stockpile critical minerals like rare earths. This includes everything from rare earths to strategic metals […] The post From gold bars to rare earths: Pentagon’s billion-dollar bet on America’s resource security appeared first on CryptoSlate.

Over half of the 25 largest US banks are now weighing or rolling out crypto-related products. An Aug. 8 status chart shared by River that tracks the giants across two lanes, custody and trading.  The snapshot shows multiple firms moving from “not yet” to “exploring,” “announced,” or restricted access for high-net-worth clients, indicating that digital […] The post Majority of America’s top 25 banks now signal crypto plans appeared first on CryptoSlate.

Regulatory uncertainty drove crypto innovation offshore, but new bipartisan leadership and clear frameworks can restore America’s financial dominance. Opinion by: Senator Tim Scott and Senator Cynthia Lummis The US Congress recently took a major step toward reclaiming the United States’ leadership in financial innovation. We passed, and President Trump signed, the bipartisan GENIUS Act passed — a landmark bill that establishes the first-ever federal framework for payment stablecoins. It’s a milestone for consumer protection, national security and American competitiveness — and proof that principled leadership can still deliver real results. Read more

President Donald Trump signed the GENIUS Act into law on July 18, pledging that the measure will secure “global dominance” in crypto technology. The legislation gives the US its first federal framework for dollar‑backed stablecoins. Trump celebrated the passing of the bill, saying: “Crypto has gone up more than any stock. Crypto makes the dollar look good. […] The post Trump signs GENIUS Act into law, activating America’s first regulatory framework for stablecoins appeared first on CryptoSlate.

By securing a national trust charter, USDC’s issuer, Circle, plans to directly manage its $62-bilion reserves. Circle, the fintech firm behind USDC, has filed an application with the Office of the Comptroller of the Currency (OCC) to establish America’s first digital currency bank, a national trust institution that would bring stablecoins fully into the federally regulated financial system. The proposed entity, First National Digital Currency Bank, wouldn’t operate like a traditional consumer bank. It wouldn’t offer deposits or loans. Instead, it would focus on Circle USDC trust bank functions: safeguarding USDC (USDC) reserves, managing cash and short-term Treasury holdings and offering digital asset custody services to institutional clients. Read more

President Donald Trump said Bitcoin (BTC) transactions “take a lot of pressure off the dollar” and argued that US leadership in digital assets blocks China from dominating the sector. He made the comments during a White House press conference on June 27, which was held after what he described as a major Supreme Court victory […] The post Trump says Bitcoin eases pressure on dollar, boosts America’s crypto dominance appeared first on CryptoSlate.

MiCA’s licensing clarity helped Europe capture crypto flows as US retail activity declined despite a crypto-friendly Trump administration. Europe is pulling ahead in the global crypto race under its Markets in Crypto-Assets (MiCA) framework, outpacing even President Donald Trump’s crypto-friendly America. According to Konstantins Vasilenko, co-founder and chief business development officer at Paybis, trading volumes from EU customers jumped 70% quarter-on-quarter in Q1 2025, right after the MiCA regulation took effect. During the same period, Paybis activity in the US started trending in the opposite direction. Vasilenko told Cointelegraph that while US retail activity was declining, European users have been placing larger, more deliberate trades. Read more

Chinese Bitcoin hardware manufacturers Bitmain, Canaan and MicroBT, who together sell more than 90 % of global mining rigs, have shifted production to the United States to sidestep tariffs. The move shows the ‘digital dependency trap’ facing US miners and the $11.9 billion market at stake. The post Chinese Bitcoin Hardware Titans Control 95% of Market, Now Coming to America to Dodge Trump Tariff War appeared first on Cryptonews.

Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11. However, Moynihan added that any progress in a potential launch would be contingent on forthcoming federal rules. He also told investors the bank […] The post Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act appeared first on CryptoSlate.