FTX, the digital-asset exchange co-founded by Sam Bankman-Fried, is nearing an agreement to buy BlockFi after extending a credit line to the beleaguered crypto lending platform, according to people familiar with the matter.  

The number of active cryptocurrency users at Bank of America has declined by more than half amid the prolonged rout in the digital-asset market.

An accounting bulletin from the markets regulator is making it harder for bank regulators to give banks clarity in how they can provide crypto custody services. 

Vast Bank, Silvergate Capital and Northern Trust are among the banks that continue to build out digital-asset services, undeterred by extreme volatility in digital coin prices.

In its semiannual risk report, the Office of the Comptroller of the Currency said it was working to provide clarity on the legality and soundness related to digital assets.

The Federal Deposit Insurance Corp. eliminated underbanked households from its regular survey of the banking system during the Trump era, but the agency is now reversing that decision.

Allowing “stablecoin banks” access to the benefits of a bank charter without the obligation to carry federal deposit insurance creates moral hazard on steroids.

Michelle Bond, CEO of the Association for Digital Asset Markets, says she will compete as a Republican in a bid to succeed House Financial Services Committee member Lee Zeldin after he leaves Congress in 2023.

Gary Gensler has a message for people pouring money into crypto on promises of high returns: beware.

The layoff is another sign of a worsening crypto downturn that’s shaved off hundreds of millions of the total cryptocurrency market value.