Crypto, Fintech push back against banks’ war on open banking
The Blockchain Association, Crypto Council for Innovation and fintech allies urged the CFPB to finalize an open banking rule ensuring consumers, not banks, control their data.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The Blockchain Association, Crypto Council for Innovation and fintech allies urged the CFPB to finalize an open banking rule ensuring consumers, not banks, control their data.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
77 state banking associations seek changes to CLARITY legislation to ban balance-based stablecoin rewards
The push to amend the CLARITY Act highlights tensions between traditional banks and stablecoin issuers, potentially reshaping fina...
SEC's Atkins backs Clarity Act but says agency will keep pushing crypto rules without it
The SEC chair said crypto issuance, transfer agent modernization and custody will form the backbone of the agency’s regulatory pus...
White House crypto advisor fires back at banking lobby over stablecoin deposit flight fears
White House crypto advisor Patrick Witt challenges 134 banking executives over stablecoin yield fears, calling deposit flight clai...
White House Agrees to Major Crypto Ethics rules in a last-minute push to save the CLARITY Act
Senate Republicans have released another round of revisions to the CLARITY Act as they seek Democratic support ahead of a Septembe...
Coinbase-backed Base just exposed the uncomfortable truth about Ethereum’s L2s
Ethereum and Coinbase-backed layer-2 network Base have abandoned an effort to agree on how the next generation of crypto wallets s...
A new XRPL upgrade could concentrate XRP ownership inside banks instead of retail wallets
A proposed XRP Ledger (XRPL) upgrade could let banks and fintechs absorb XRP costs so customers never need to hold the token. The...