The report from an office in the White House is the first public report issued pursuant to an executive order President Biden issued in March.

Celsius Network, the bankrupt cryptocurrency lender, may have hidden its financial trouble from its investors and "engaged in improper manipulation of the price" of the platform's tokens to boost the company's balance sheet and financials, according to a new court filing.

Fintech and cryptocurrency firms competing with banks but subject to fewer regulations are "getting away with murder," said Eugene Ludwig, a former comptroller under the Bill Clinton administration. 

Britain's prospects as a crypto hub remain uncertain after Liz Truss won the race to be its new prime minister, leaving entrepreneurs and investors wondering what policies — if any — await the digital asset industry under fresh leadership.

The 117th Congress has been surprisingly kind to the banking industry as a whole so far. Can the trend last through the fall? 

Participants include Digital Asset and Ripple alongside others involved with foreign central bank digital currencies. The program is set to begin next month.

Celsius Network, the bankrupt cryptocurrency lender, is seeking to give coins back to a sliver of users who are locked out of their accounts. 

Flow Traders and Hudson River Trading have backed Sei Labs, a crypto startup founded by Goldman Sachs and Robinhood Markets veterans that is developing a blockchain aimed at speeding up decentralized finance transactions.

This week in global news, Afterpay makes way for Block's Cash App, Singapore plots a crypto crackdown, U.K. calls for fintech deregulation, and more.

The Federal Reserve is closing in on the launch of its real-time payment settlement system next year. By that time it will be six years behind the private-sector alternative, and it could prove to be redundant to a future Fed-issued digital currency.