CLARITY Act Could Allow 11 Crypto Activities for US Banks

CLARITY Act could allow 11 crypto activities for US banks

The Congressional Research Service has identified 11 categories of crypto activities that the Senate-reported CLARITY Act would permit for U.S. banking organizations and credit unions, including digital asset underwriting and dealing. The Congressional Research Service published its analysis, “Crypto and…

U.S. Bank Crypto Rules Remain Split Between Congress and Regulators

A Sept. 30 report outlines three paths for setting rules, as agency guidance and proposed legislation cover different activities.

CRS Says Legislation Could Clarify Banks’ Crypto Service Authority

A Congressional Research Service analysis says legislation could clarify the authority of U.S. banks to offer crypto services and define regulatory oversight.

Congressional Research Service report flags shaky ground for banks dealing in Bitcoin

The report highlights regulatory instability for banks in crypto, urging Congress to establish clear, consistent guidelines to ensure stability.