Crypto Custody and Stablecoins: Congress Weighs Bank Rules
The proposal would extend banks' and credit unions' role in digital assets, but the rules remain under consideration.
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The proposal would extend banks' and credit unions' role in digital assets, but the rules remain under consideration.
The proposal draws a compliance boundary around DeFi and narrows the provisions to spot or cash digital-commodity trades, while clarifying credit unions' crypto authority.
The partnership gives smaller financial institutions access to consumer and merchant payment flows without requiring them to build their own crypto infrastructure.