Two powerful leaders are clashing over who gets to control the future of digital money. Jamie Dimon, who runs one of the biggest U. S. banks, recently called Brian Armstrong, the head of a major crypto company, completely wrong about a new financial rule called the CLARITY Act. The fight isn’t just
Many companies that care about the planet and people want to make sure every choice supports those goals. One big choice is where they keep their money. If a bank lends to coal plants or private prisons, the company’s savings help those businesses grow. That can hurt a brand that says it ca
JPMorgan’s chief, Jamie Dimon, has taken a strong stance against a new crypto bill that many lawmakers want to pass. He says the law is full of mistakes and will be fought on the Senate floor. The bill lets crypto firms pay interest on deposits or stablecoins without giving them the same safet
Big banks and crypto companies are in a heated battle over who gets to control digital money. Jamie Dimon, CEO of JPMorgan, recently called Brian Armstrong, head of Coinbase, "full of it" in a clash over new rules for crypto. Dimon insists banks should set the rules for digital assets, while Coinbas
OpenAI has handed a new version of its GPT‑5. 5 model to several Japanese banks, according to the finance minister after a talk with the company’s chief strategy officer. The move is aimed at helping banks spot and stop cyber attacks that could exploit the advanced coding abilities of modern AI.
SoFi has added its own dollar‑backed stablecoin, SoFiUSD, to the banking app used by almost 15 million people. It is the first U. S. national bank to hand a stablecoin directly to everyday customers on a public blockchain. The new token can be bought, sold, stored and swapped inside the app. It run
Banks and crypto firms just teamed up to launch a fresh kind of dollar coin called fUSD. Unlike most stablecoins that sit idle without growing, this one gives big institutions a small cut—around 3% per year—if they play by specific rules. The coin is built on existing tech used by trading desks and
A mid-sized bank in Texas just flipped the script on how U. S. finance handles digital money. United Texas Bank quietly earned a national banking license in May, giving it the same power as Wall Street giants like JPMorgan or Bank of America. Unlike those traditional firms that still treat crypto li
In recent months, several firms that once challenged banks are now applying for bank licenses. They want to move from being payment or crypto services into full banking operations. The applicants include well‑known names such as PayPal and the buy‑now‑pay‑later company, along with the three major D
Coinbase’s CEO has big ideas about fixing global banking. Instead of slow, outdated systems, he wants faster, cheaper, and smarter ways to handle money. His plan includes turning real-world assets—like property or art—into digital tokens, making them easier to trade anytime, anywhere. This could ope
