U.S. Bank tests USBDC stablecoin payment on Stellar
U.S. Bank completed a transfer between North America and Europe using USBDC, testing bank controls on Stellar without announcing a wider customer rollout.
U.S. crypto, financial markets and economic policy: the latest reporting from The Token Press.
U.S. Bank completed a transfer between North America and Europe using USBDC, testing bank controls on Stellar without announcing a wider customer rollout.
The proposed Builders Bank would put custody under OCC supervision without taking deposits or making loans. Regulatory approval is still required.
The multi-year agreement adds OG.com as an exchange and clearing provider for selected Robinhood event contracts while giving the brokerage minority interests in both companies.
DBS and Citi used tokenized deposits for a weekend US-dollar payment on Swift’s ledger, testing faster transfers between Singapore and New York.
The National Sheriffs’ Association has dropped its opposition to the CLARITY Act before a Sept. 15 procedural vote in the US Senate.
US and UK authorities have formed a joint alliance to investigate and dismantle global crypto scam centers, with a London disruption operation planned for October.
AMC CEO Adam Aron has challenged Robinhood’s tokenized AMC offering, saying the company is not affiliated with it and will seek an external legal review.
Core DAO is coordinating an emergency hard fork after validators received excess CORE rewards, prompting Coinbase and other exchanges to restrict transfers.
Coinbase’s August 31 announcement confirms trading and custody infrastructure for Webull Canada. Crypto assets are outside CIPF coverage.
Real Trump Coins says it never authorized the Trump Digital GOLD token after it was promoted through associated online channels before suffering a sharp collapse.
Galaxy Digital has lowered its 2026 CLARITY Act passage odds to 50%, citing a shrinking Senate calendar and no firm floor schedule. The bill remains important for US crypto regulation, but competing priorities such as the SAVE Act, FISA and the defense authorization bill could delay its progress.
Trump has delayed signing a housing bill that includes a temporary ban on the Federal Reserve creating a CBDC. The bill also protects certain dollar-backed stablecoins from being treated like a central bank digital currency. The move could raise questions about whether other crypto legislation, including the CLARITY Act, may also face delays.
Bitcoin fell below $71,000 after the US announced a blockade of the Strait of Hormuz, triggering a sharp rise in oil prices. The move reflects growing geopolitical tensions between the US and Iran. Despite the dip, Bitcoin remains up overall since the conflict began and continues to show resilience compared to traditional markets.
ICE has invested $600 million more into Polymarket, moving forward its $2 billion plan and signaling strong institutional interest in prediction markets. The move comes as regulators increase scrutiny on the sector across multiple US states.
US spot Bitcoin ETFs recorded their first back-to-back weekly inflows in five months, bringing in about $568 million this week. Ether ETFs also saw a second week of positive flows. The rebound hints that institutional demand for crypto ETFs may be returning after months of withdrawals.
A US federal judge dismissed a lawsuit accusing Binance and its founder Changpeng Zhao of helping terrorist groups move funds through crypto transactions. CZ said centralized exchanges have no incentive to support such activity. The case may still continue if plaintiffs file a revised complaint within 60 days.
A group of US lawmakers is calling for a permanent ban on a US central bank digital currency, arguing that a temporary block until 2031 is not enough. They warn a digital dollar could threaten financial privacy and give the government excessive control over Americans’ finances.
Bitcoin and Ether fell after US-Israel strikes on Iran erased $128 billion from crypto markets. Investors rotated toward traditional safe havens, while derivatives data showed rising short-term risk aversion. The move extends Bitcoin’s broader post-October correction.