Bank of America (BoA) CEO Brian Moynihan believes US banking institutions are willing to adopt cryptocurrency payments if proper rules are in place, signaling that the financial industry is still waiting for clearer signals from regulators before moving forward. In an interview with CNBC at the World Economic Forum in Davos, Switzerland, Moynihan said if proper regulations…

The digital age continues to revolutionize traditional sectors, with real-world asset (RWA) tokenization emerging as a groundbreaking concept. RWA tokenization has presented itself as an opportunity for much greater investment accessibility and operational efficiency than traditional securitization processes. Across the world, RWA tokenization depends heavily on navigating complex legal and regulatory landscapes, particularly in the…

Coinbase CEO Brian Armstrong believes forthcoming US stablecoin regulations could require issuers to back their dollar-denominated tokens entirely with US Treasury bills — a move that could make it harder for offshore companies to serve the American market. In an interview with The Wall Street Journal at the World Economic Forum in Davos, Switzerland, Armstrong said he…

The US Securities and Exchange Commission has taken its first step toward crypto regulatory clarity following former Chair Gary Gensler’s departure on Jan. 20. According to a Jan. 21 announcement, the agency is creating a crypto task force dedicated to developing a framework for digital assets. The task force will be led by Commissioner Hester Peirce,…