# 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.

JPMorgan Cuts Banking Ties with Polymarket Due to Regulatory Risks

JPMorgan Chase ended its banking relationship with the crypto-based prediction market Polymarket in October 2025 due to regulatory concerns, according to a Financial Times report citing sources. While the bank requested Polymarket find a new financial partner, the companies did not sever ties completely; JPMorgan reportedly remains interested in underwriting a potential future IPO for the platform. This move reflects a broader trend of increasing regulatory scrutiny on prediction markets globally. In the US, several states are challenging the legality of such platforms in court, while other countries have outright blocked access, classifying them as gambling rather than financial tools. Analysis suggests JPMorgan's decision aligns with traditional banks' general wariness. Past regulatory actions, including a $1.4 million CFTC fine against Polymarket in 2022, and a coinciding Congressional investigation into potential insider trading on Polymarket and competitor Kalshi, likely influenced the bank's move to mitigate reputational risk. The situation raises questions about whether JPMorgan's interest in a future IPO signals eventual legitimacy for prediction markets or is merely a way to secure future fees while avoiding current operational risks.

cryptonews.ru08/14 11:20

JPMorgan Cuts Banking Ties with Polymarket Due to Regulatory Risks

cryptonews.ru08/14 11:20

White House Plans Crypto Meeting as CLARITY Act Faces Senate Hurdles

The White House will meet with crypto and prediction market executives on August 19, though details remain undisclosed. This occurs as the Senate delays a vote on the Digital Asset Market CLARITY Act until September 14, despite earlier approvals by the House and Senate Banking Committee. Key Senate negotiations are stalled on two main issues: a bipartisan government ethics package concerning crypto holdings for officials, and disputes over allowing reward systems for stablecoin usage. Banks oppose such rewards, fearing deposit outflows, while crypto firms advocate for incentives. Major banking groups have urged revisions to the bill's Section 404, arguing its current language could permit interest-like rewards.

TheNewsCrypto08/14 11:06

White House Plans Crypto Meeting as CLARITY Act Faces Senate Hurdles

TheNewsCrypto08/14 11:06

Michael Saylor, the Bitcoin Seller, Makes Controversial Statements About BTC Once Again!

MicroStrategy's Michael Saylor introduced a new framework classifying Bitcoin and digital assets based on financial functions. He defines Bitcoin as "digital capital" at one end of the "money spectrum," characterized by high volatility and high return potential as a superior store-of-value asset. In contrast, stablecoins like USDT are positioned as "digital currency," prized for price stability and transactional utility. Saylor identified intermediate categories: "digital credit" (like STRC) and "digital money," which bridge the gap between Bitcoin's capital properties and stablecoins' currency-like features. He described this entire structure as the "digital financial stack," with Bitcoin serving as the foundational, bearer-asset layer. Using an oil analogy, Saylor argued Bitcoin is valuable itself but becomes far more useful when innovated into credit, money, and currency products. He envisions Bitcoin evolving beyond a store of value to become the fundamental collateral and capital layer for a broader digital finance ecosystem.

cryptonews.ru08/13 21:10

Michael Saylor, the Bitcoin Seller, Makes Controversial Statements About BTC Once Again!

cryptonews.ru08/13 21:10

Crypto Industry Backs Custodia in Supreme Court Dispute with Fed

The Blockchain Association has urged the U.S. Supreme Court to consider crypto bank Custodia's lawsuit against the Federal Reserve. The suit stems from the Fed's denial of Custodia's application for a master account, which would grant the crypto-focused, Wyoming-chartered bank direct access to the Fed's payment system. In an amicus brief, the association argued that federal law compels the Fed to provide payment services to eligible non-member banks and that the Fed should not have broad discretion to deny access. It linked the case to alleged "Operation Choke Point 2.0" efforts to cut off crypto firms from banking services. An appeals court previously ruled the Kansas City Fed had the right to reject Custodia's 2020 application. This legal battle occurs as other crypto firms gain greater access to the U.S. banking system. Notably, Kraken Financial recently secured a limited-purpose master account from the same Kansas City Fed, while companies like Coinbase, Circle, Ripple, and others have received or applied for trust bank charters from the OCC. Traditional banking groups have opposed some of these moves, arguing crypto firms seek banking benefits without full regulatory burdens.

cryptonews.ru08/13 19:46

Crypto Industry Backs Custodia in Supreme Court Dispute with Fed

cryptonews.ru08/13 19:46

As New Rules Approach, UK Lawmakers Pressure Banks to Ensure Crypto Access

UK lawmakers are intensifying scrutiny of banks' treatment of cryptocurrency companies as the country prepares to enact official regulation for much of the digital asset industry. Gurinder Singh Josan MP and Lord Vazi of Didcot, co-chairs of the All-Party Parliamentary Group (APPG) on Crypto and Digital Assets, sent a letter to leading UK banks on August 11th. They requested the banks detail their account policies for crypto firms, transaction restrictions, and any planned changes once the new regulatory regime takes effect. The legislators warn that banking access is a major potential obstacle for UK crypto businesses and could undermine the success of the incoming regulatory framework. The APPG has received numerous complaints from licensed and compliant crypto companies facing difficulties in opening or maintaining bank accounts, along with payment limits on crypto-related transactions. While acknowledging banks' anti-money laundering and consumer protection duties, the lawmakers question whether broad restrictions should persist for firms once they are licensed under the new system. They argue banks should assess companies based on their individual risk profiles rather than their sector alone. This view echoes earlier comments from Economic Secretary to the Treasury, Lucy Rigby. The letter is part of a broader APPG inquiry launched in July, examining the scale of the banking access problem, its impact on investment and growth, and whether further government action is needed. The investigation covers exchanges, custodians, payment firms, wallet providers, and stablecoin issuers. Banks have been asked what policymakers could do to ease access to financial services for legitimate crypto businesses. Responses are due by August 31st and will inform the group's recommendations to the government. The timing is critical as the UK aims to attract digital asset firms while implementing clearer rules. Lawmakers fear that if licensed companies continue to struggle for basic banking services, the new regulatory regime may fail to achieve its broader competitiveness goals.

cryptonews.ru08/13 11:58

As New Rules Approach, UK Lawmakers Pressure Banks to Ensure Crypto Access

cryptonews.ru08/13 11:58

Lawmakers Warn That Banks' Refusal to Serve Crypto Clients Could Paralyze Growth of the UK Market

Around 40% of domestic cryptocurrency transfers in the UK are currently being delayed or entirely rejected by British banks, and a majority of exchanges have seen an increase in blocked transactions over the past year. Lawmakers, including leaders of the UK's parliamentary Crypto and Digital Assets Group, are now questioning this trend, warning that major banks refusing to serve crypto clients could paralyze the growth of the UK market. They have called on banks to explain their stance towards digital asset firms following numerous reports of such companies struggling to open accounts. Industry executives argue that financial institutions are hindering properly registered and compliant businesses. Earlier this year, the government urged banks to treat all crypto sector enterprises fairly. A cross-party parliamentary group also launched an investigation into how banks block accounts and restrict transactions for digital asset companies. The group's co-chairs, Lord Vaizey and MP Dr. Gurinder Singh Josan, recently stated that banks are stalling the UK's crypto boom by denying services. They warn these restrictions risk undermining the effectiveness of the upcoming UK crypto regulatory framework, set for 2027. Banks justify their actions as necessary to protect customers from crypto fraud and volatility, a stance reinforced by recent stronger risk warnings from the Financial Conduct Authority. Concerns are rising that these banking restrictions could undermine the UK's ambitions to attract digital asset firms and weaken its position as a global hub. The issue may worsen as the government introduces clearer regulations. Some in the industry also express apprehension that the new Labour government, under Prime Minister Andy Burnham, might deprioritize the fintech and digital assets sectors. However, legal experts maintain that the UK's regulatory stability remains a key draw for international companies.

cryptonews.ru08/11 13:14

Lawmakers Warn That Banks' Refusal to Serve Crypto Clients Could Paralyze Growth of the UK Market

cryptonews.ru08/11 13:14

Buying USDT: Banks Begin Requesting Companies Provide Explanations for Crypto Operations

Russian banks are increasingly scrutinizing corporate purchases of USDT (Tether), requesting detailed explanations about the purpose of these cryptocurrency transactions and the status of counterparties. While a central registry for digital currency exchange operators is being prepared by the Bank of Russia, it does not yet exist, making formal compliance with such requests impossible. Banks are proactively issuing these inquiries to manage risks in anticipation of new regulations and due to the high-risk nature of crypto transactions under existing anti-money laundering laws. Legal experts advise companies to respond thoroughly to these requests, as ignoring them could lead to restricted banking services. The article also explains that USDT is used for its stability and speed in cross-border payments and outlines various methods for purchasing it, while emphasizing the importance of transaction security and regulatory compliance.

cryptonews.ru08/11 10:16

Buying USDT: Banks Begin Requesting Companies Provide Explanations for Crypto Operations

cryptonews.ru08/11 10:16

Local Banks Delay Adoption of the 'Transparency' Law Due to Stablecoin Rewards

Local banks in the U.S. are intensifying lobbying efforts against the proposed CLARITY Act (Digital Asset Market Transparency Act), reigniting debate over provisions related to stablecoin rewards. These smaller, community-owned banks argue that the current version of the legislation would impair their ability to attract deposits and extend credit. Their persistent advocacy has resonated with Republican senators who have personal connections to local bankers, leading figures like Senators Mike Rounds, Josh Hawley, and Jerry Moran to threaten opposition unless the bill is amended to address stablecoin reward concerns specifically. While rewards for holding stablecoins were removed from the bill after earlier compromise, rewards for *using* stablecoins as payment remain permitted. Bankers contend these incentives still create an uneven playing field. This dispute over stablecoin yields compounds another major obstacle for the bill: an unresolved ethics provision requiring White House negotiations. Consequently, despite Senate Majority Leader John Thune scheduling a September vote, the prospects for the CLARITY Act's passage have dimmed as partisan disagreements and these substantive issues appear increasingly difficult to bridge.

cryptonews.ru08/11 10:15

Local Banks Delay Adoption of the 'Transparency' Law Due to Stablecoin Rewards

cryptonews.ru08/11 10:15

Crypto Supporters Call Delay in CLARITY Vote 'Disappointing'

Cryptocurrency supporters and industry representatives have criticized the US Senate for postponing until September a vote on the Clarity for Digital Assets Act (CLARITY Act). The delay, which occurred just 50 days before the 2026 midterm elections, has reduced the bill's chances of passage, requiring support from 60 senators. Key figures, including Senator Cynthia Lummis and Coinbase CEO Brian Armstrong, expressed disappointment but vowed to continue pushing for the bill. Industry concerns contrast with banking sector warnings that the bill, in its current form, could disadvantage smaller banks by allowing stablecoin issuers to pay interest. Despite the legislative delay, prediction markets like Kalshi and Polymarket still assign a high probability to a Senate vote before October 1st and a moderate chance of the bill becoming law this year. The bill, passed by the House over a year ago, would need House re-approval after any Senate changes before going to President Trump.

cryptonews.ru08/10 19:54

Crypto Supporters Call Delay in CLARITY Vote 'Disappointing'

cryptonews.ru08/10 19:54

Why Are Crypto VCs Focusing on Stablecoin Infrastructure?

Crypto VC Focuses on Stablecoin Payment Infrastructure Despite an overall cooling crypto VC market in Q1 2026, investment in stablecoin payment infrastructure is gaining momentum. Capital is concentrating on mature projects with existing users, transaction volume, and clearer revenue models over purely speculative token-based ventures. Stablecoins are evolving from trading tools into backend infrastructure for efficient, 24/7 cross-border payments (e.g., B2B, remittances, payroll). Startups are building along the entire payment stack—connecting stablecoins to bank accounts, cards, forex liquidity, and local compliance systems. Recent large funding rounds for companies like Rain (cards), OpenFX (cross-border), and RedotPay highlight this trend. VC interest stems from several factors: solving real inefficiencies in traditional cross-border settlement, established fee-based revenue models (transaction fees, forex spreads), stablecoins becoming an invisible backend tool for end-users, clearer US regulatory frameworks attracting traditional finance, and acquisition exits to companies like Stripe and Mastercard. However, challenges remain. High on-chain stablecoin volume doesn't equal real retail payment volume; funding is concentrated in a few top performers; services risk commoditization; global expansion requires navigating local banking and regulations per market; and large traditional payment firms are both potential clients and future competitors. Future investment may focus on cross-border B2B payments, bank-stablecoin connectivity, stablecoin-linked cards, multi-chain/asset payment orchestration platforms, and infrastructure for AI Agent payments. Ultimately, VCs are betting not on a single stablecoin's dominance, but on the critical infrastructure needed to integrate programmable, global settlement assets into the traditional financial system.

marsbit08/10 10:41

Why Are Crypto VCs Focusing on Stablecoin Infrastructure?