# Banking Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Banking", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

How the banking industry’s ‘rural America’ plea stalls the crypto bill

The crypto market structure bill (CLARITY Act) faces further delays until late February or March as the Senate Banking Committee shifts focus to housing policy. This follows earlier setbacks, including Coinbase's withdrawal of support over issues like stablecoin yield prohibition. The banking industry opposes such yields, citing risks to community banks and rural America. White House officials, including Crypto Czar David Sacks, urge compromise to advance the bill, though details remain undisclosed. Meanwhile, the Senate Agriculture Committee, handling the CFTC side of the legislation, plans to proceed without bipartisan support, jeopardizing the 60 votes needed for advancement. The path forward remains uncertain despite White House optimism.

ambcrypto01/22 08:18

How the banking industry’s ‘rural America’ plea stalls the crypto bill

ambcrypto01/22 08:18

WEF Document Name-Drops Ripple’s XRP, What Does It Say?

A decade-old World Economic Forum (WEF) report from 2015 has resurfaced, highlighting early recognition of Ripple and XRP's potential in the banking sector. The document specifically mentions Ripple as a system capable of transforming interbank settlement by enabling faster, more direct payments through decentralized networks. It explores how banks could integrate such technologies to streamline operations and offer new financial products, citing a case study of Germany's Fidor Bank which used Ripple for internal settlements in 2014. The report suggests broader adoption could allow banks to settle payments instantly. As the native token of the XRP Ledger (XRPL), XRP is designed as a digital bridge for fast, low-cost cross-border payments, often compared to SWIFT for its efficiency and ability to handle large transaction volumes. The WEF also highlighted Ripple and XRPL in a 2025 report as key technologies for the future of asset tokenization.

bitcoinist01/21 21:02

WEF Document Name-Drops Ripple’s XRP, What Does It Say?

bitcoinist01/21 21:02

2025's New Crypto Unicorns: 8 Companies Across Payments, AI, and Other Sectors Make the List

In 2025, despite a severe market downturn with a 41% drop in funded projects, eight crypto companies achieved unicorn status (valued over $1 billion), reflecting key industry trends. **Nous Research** focuses on decentralized AI, raising $50M at a $1B valuation led by Paradigm. **RedotPay**, a Hong Kong-based stablecoin payment firm, raised over $194M across three rounds, processing $10B+ annually. **Kalshi**, a compliant prediction market platform, raised $1.85B, reaching a $11B valuation, with trading volume surging 1108% to $23.8B. **Lighter**, a decentralized perpetual exchange, raised $68M at a $1.5B valuation and launched its token LIT. **Flying Tulip**, an all-in-one DeFi protocol by Andre Cronje, raised $200M with unique investor redemption rights. **Sygnum**, a regulated Swiss crypto bank, raised $58M, exceeding a $1B valuation. **Tempo**, a high-performance Layer-1 for payments developed by Stripe and Paradigm, raised $500M. **Zama**, a privacy protocol using fully homomorphic encryption, raised $57M at a $1B+ valuation and conducted a token sale. These companies highlight growth in AI, payments, DeFi, and privacy solutions amid a challenging market.

marsbit01/21 16:05

2025's New Crypto Unicorns: 8 Companies Across Payments, AI, and Other Sectors Make the List

marsbit01/21 16:05

Revolut Seeks Full Banking Licence in Peru to Expand Latin America Push

Revolut has applied for a full banking license in Peru to expand its Latin American operations. If approved, the UK-based digital bank will operate as a fully regulated lender, offering localized banking products and competing directly with established banks. Peru's financial system is highly concentrated, with the top four banks holding 82% of all loans. Revolut sees an opportunity to increase competition and improve access, particularly for underserved users. Remittances are a key focus, as one million Peruvians rely on money sent from abroad. The move is part of Revolut's broader strategy, which has seen strong growth in crypto services and record profits in 2024.

TheNewsCrypto01/20 11:13

Revolut Seeks Full Banking Licence in Peru to Expand Latin America Push

TheNewsCrypto01/20 11:13

$6 Trillion Deposit Drain Theory Sends Banking Industry into Panic

The article discusses how the U.S. CLARITY Act, which prohibits crypto exchanges from paying yields on payment stablecoins, is part of a broader effort to protect traditional banks' profitable net interest margins. Large banks like JPMorgan benefit from near-zero deposit rates while earning significantly higher returns by investing in assets like Treasury bills. The banking industry warns that stablecoin yield offerings could lead to $6.6 trillion in deposit outflows, harming lending capacity. However, the article argues that these funds often remain within the traditional financial system, as stablecoin reserves are held in cash and short-term Treasuries. The real concern for banks is competition from higher-yielding alternatives like USDC rewards and DeFi protocols, which force them to offer better rates. This situation mirrors historical debate around Regulation Q and the rise of money market funds in the 1970s. The stablecoin market has grown rapidly, reflecting demand for digital dollars that offer both liquidity and yield. The author suggests that, much like money market funds, stablecoin yields represent a technological shift that benefits consumers and will likely be adopted despite resistance from incumbent institutions.

marsbit01/20 05:49

$6 Trillion Deposit Drain Theory Sends Banking Industry into Panic

marsbit01/20 05:49

Understanding JPMorgan Chase: The Enforcer of Dollar Hegemony, the Temple of Banking, and Bitcoin's Most Stubborn Opponent

J.P. Morgan Chase stands as a titan in the global financial system, often regarded as the enforcer of dollar hegemony and a神殿级银行 (temple-level bank). Its pivotal role in dollar clearing—processing over $10 trillion daily—grants it unparalleled influence over global capital flows. While it has selectively partnered with compliant crypto entities like Coinbase, providing crucial banking access that legitimized their operations, the bank remains a staunch critic of Bitcoin. CEO Jamie Dimon has consistently dismissed Bitcoin as a “fraud” and emphasized its use in illicit activities. The bank’s historical significance is profound. Founded by J.P. Morgan, who acted as a de facto central banker during the 1907 crisis, its modern incarnation is a cornerstone of the U.S. financial infrastructure, integral to Treasury operations and crisis management. Its stringent compliance standards make a J.P. Morgan account a coveted symbol of trust and access. Yet, it faces a paradigm shift from decentralized finance. Tether’s USDT has emerged as a “shadow competitor,” creating a parallel system for dollar transactions that bypasses traditional banking channels. In response, J.P. Morgan is exploring its own blockchain solutions, like JPM Coin, aiming to integrate the efficiency of distributed ledger technology while maintaining control within the regulated financial framework. The tension between its centralized power and the rise of decentralized alternatives defines its complex relationship with the crypto world.

marsbit01/20 03:06

Understanding JPMorgan Chase: The Enforcer of Dollar Hegemony, the Temple of Banking, and Bitcoin's Most Stubborn Opponent

marsbit01/20 03:06

US Dollar At Risk? Stablecoin Yield Ban Gives Digital Yuan The Upper Hand: Scaramucci

Anthony Scaramucci warns that a proposed US ban on paying yield to stablecoin holders, as part of the Clarity Act, could undermine the dollar's global competitiveness. He argues this restriction makes dollar-linked digital payment systems less attractive compared to China's digital yuan, which is moving to pay interest on wallets. The bill has divided industry players, with banks supporting the measure to protect deposits and crypto firms opposing it, fearing it will drive users to alternatives offering returns. China's decision to allow interest on its digital currency aims to boost adoption. Scaramucci emphasizes that emerging economies may favor the digital yuan's yield-bearing system for trade and payments, posing a strategic challenge to the dollar's dominance.

bitcoinist01/19 13:32

US Dollar At Risk? Stablecoin Yield Ban Gives Digital Yuan The Upper Hand: Scaramucci

bitcoinist01/19 13:32

White House is ‘super constructive’ – Coinbase CEO denies CLARITY Act clash

Coinbase CEO Brian Armstrong denies clashing with the White House over the CLARITY Act, calling the administration "super constructive." However, a major disagreement over stablecoin yield has stalled the bill. The proposed legislation would ban crypto platforms from offering interest on dollar-backed stablecoins, a measure banks argue prevents deposit flight and protects lending capabilities. Coinbase contends the rule unfairly protects traditional bank profits and limits competition. Despite pulling support, Armstrong remains optimistic about the Act’s prospects. The White House has warned that without consensus, it may abandon the bill altogether. Prediction markets currently give the legislation a 52% chance of passing by 2026.

ambcrypto01/19 11:04

White House is ‘super constructive’ – Coinbase CEO denies CLARITY Act clash

ambcrypto01/19 11:04

Coinbase CEO Denies Rift With White House Over Crypto Market Bill – Details

Coinbase CEO Brian Armstrong denies any rift with the White House regarding the Digital Asset Market Clarity Act, countering reports of tension. He had initially withdrawn support for the bill, calling it "a net negative" for crypto, particularly opposing stablecoin yield sharing. Journalist Eleanor Terrett reported the White House was furious, threatening to withdraw support unless Coinbase returned to negotiations. Armstrong clarified that constructive talks are ongoing with banks to find a solution for yield sharing that fits the existing financial system, denying any escalation. Terrett maintains her reporting was accurate, stating White House support remains conditional on a bank deal.

bitcoinist01/19 10:31

Coinbase CEO Denies Rift With White House Over Crypto Market Bill – Details

bitcoinist01/19 10:31

Why Must Banks Ban Stablecoin Yields?

The article "Why Banks Are Determined to Ban Yield-Bearing Stablecoins?" explores the ongoing debate around the U.S. cryptocurrency market structure bill (CLARITY), particularly the fierce opposition from large banks against interest-bearing stablecoins. Banks argue that such stablecoins could cause deposit outflows, but the author refutes this, explaining that funds used to purchase stablecoins like USDC ultimately flow back into the banking system as reserves held by issuers like Circle. The real concern for banks is not the total volume of deposits but a shift in deposit structure. U.S. major banks (e.g., Bank of America, JPMorgan Chase) rely heavily on "low-interest banking," where transaction deposits (used for payments, transfers) pay near-zero interest, creating a significant spread between deposit rates and the Fed’s benchmark rate. This model generates massive profits—over $360 billion annually from interest differentials and transaction fees. Stablecoins directly compete with transaction deposits by offering similar utility (payments, settlements). If stablecoins can generate yield, users may shift funds from bank transaction accounts to stablecoins to earn higher returns. While the money remains in the banking system (as stablecoin reserves), it moves from low-cost transaction deposits to higher-yield instruments, squeezing bank profit margins and reducing fee income. Thus, banks oppose yield-bearing stablecoins to protect their lucrative low-cost deposit base and maintain control over profit distribution, making it a central issue in the CLARITY legislative battle.

marsbit01/19 09:43