The verdict is in: the paradigm-shifting Banking-as-a-Service (BaaS) evolution over the past several years is reshaping traditional banking. But in the midst of developments...

The Biden Administration's secret crypto strategy is becoming clear: it wants to force stablecoin issuers into the arms of big banking.

SoFi Technologies Inc., the financial firm led by former Twitter Inc. executive Anthony Noto, surged after the Office of the Comptroller of the Currency granted it a U.S. banking charter. The online lending platform acquired Golden Pacific Bank as a path to getting the full-fledged banking license, the regulator said in a statement on Tuesday. […]

Michael Hsu believes bank regulation of stablecoins would be good for the crypto industry—and the safety of the financial system.

Acting comptroller of the Office of the Comptroller of the Currency (OCC), Michael Hsu has revealed that regulating stablecoin issuers like banks, could help innovations thrive in the crypto industry. Acting OCC Chief Speaks On The Need For Stablecoin Regulation The top U.S banking regulator revealed this during an event on Thursday, where he repeatedly

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