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#digital-assets

Banking

Bank of America names new crypto and AI leaders

Bank of America named Sonali Theisen and Kevin Milsom to run digital-assets and AI work in markets, formalizing both as bank infrastructure.

By Naomi Voss
Regulation

Senate Panel Gears Up for Clarity Act Markup as Amendment Count Tops 100

The Senate Banking Committee will begin marking up the Digital Asset Market Clarity Act on Thursday with more than 100 amendments filed to the 309-page bill, testing whether the bipartisan coalition that carried crypto legislation through the House can survive the Senate.

By Tomás Iglesias
Regulation

Senate Banking schedules May 14 CLARITY Act crypto markup

The Senate Banking Committee will mark up the CLARITY Act on 14 May, the first committee vote on crypto market-structure legislation in 10 months, though an ethics dispute over Trump family crypto holdings threatens the bipartisan coalition.

By Tomás Iglesias
Crypto

Bitwise ranks BNY Mellon, JPMorgan as banks with broadest crypto exposure

Bitwise Asset Management published a ranking of traditional banks with the deepest cryptocurrency exposure on Friday, placing BNY Mellon and JPMorgan Chase at the top. The screen assesses banks across trading, payments, ETF servicing and tokenisation.

By Caleb Mwangi
Crypto

Tokenized RWA market tops $30bn, growing 1,000% in two years

The market for tokenized real-world assets has crossed $30 billion, growing more than 1,000 per cent from early 2024, according to data published by a16z crypto. Tokenized U.S. Treasury debt accounts for roughly half the total.

By Caleb Mwangi