America | Crypto

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.