In its latest economic well-being report, the Federal Reserve found distinct differences between those who use cryptocurrency for payments versus those who use them for investments.

Banks need to come together to create interoperable tokenized deposits, as part of an effort to bridge the gap between traditional finance and blockchain.

While red states like Florida have embraced the cryptocurrency industry, officials in New York and Illinois are taking action on Democratic Party priorities such as diversity and climate change. Here's a look at some hotbeds of innovative policymaking.

Some lawmakers and experts say that the administration's preference for stablecoin issuers to hold bank charters could have the unintended consequence of putting more risk into the banking system.

Sen. Cynthia Lummis, R-Wyo., says she and Sen. Gillibrand, D-N.Y., plan to release draft legislation next week that would establish a supervisory entity for emerging financial technologies and new rules for stablecoin issuers.

The New York City bank bets that claiming space in virtual reality now will pay off down the line.

The question affects the many banks, including Silvergate Bank and Custodia Bank, that have been working on issuing or using stablecoins, as well as regulated stablecoin issuers and all crypto investors.

Treasury Secretary Janet Yellen said a recent sell-off in crypto markets justifies the need for stablecoins to be issued by banks.

As crypto companies face growing scrutiny from policymakers in the U.S., they are increasingly turning to friendlier and less bureaucratic jurisdictions like Bermuda to grow their businesses and test new products.

The head of Wall Street’s top derivatives regulator said that financial market regulators are considering steps to rein in the crypto market if Congress doesn’t pass legislation.