In today's episode, we explore the significant regulatory shift as U.S. banking regulators, including the FDIC and Federal Reserve, withdraw key crypto-asset guidelines, signaling a more open stance towards crypto activities. We also delve into Circle's launch of the Circle Payments Network, a groundbreaking initiative aimed at revolutionizing cross-border payments using stablecoins and blockchain technology. Join us as we discuss the potential impacts on the financial sector and the future of global transactions.
Sources:
https://www.fdic.gov/news/press-releases/2025/agencies-withdraw-joint-statements-crypto-assets
https://bankingjournal.aba.com/2025/04/fed-fdic-withdraw-statements-on-managing-risks-for-crypto/
https://bpi.com/bpi-response-to-fed-and-fdic-withdrawal-of-joint-statements-on-crypto-assets/
https://www.pymnts.com/cryptocurrency/2025/banking-regulators-withdraw-statements-that-discouraged-bank-involvement-with-crypto/
https://www.morningstar.com/news/dow-jones/2025042415206/federal-reserve-fdic-pull-statements-on-crypto
https://www.businesswire.com/news/home/20250421041939/en/Circle-Announces-Payments-Network-to-Transform-Global-Money-Movement
https://www.pymnts.com/news/cross-border-commerce/cross-border-payments/2025/circle-to-launch-stablecoin-powered-cross-border-payments-network-in-may/
https://www.coindesk.com/business/2025/04/21/stablecoin-giant-circle-is-launching-a-new-payments-and-remittance-network
https://www.paymentsjournal.com/circle-mulls-bank-charter-unveils-cross-border-payments-network/
https://www.crowdfundinsider.com/2025/04/238751-stablecoin-issuer-circle-unveils-payments-network-to-enhance-global-transactions/