Sources: Circle, BitGo, and other firms plan to apply for bank charters or licenses, as the Trump administration pushes to bring crypto into mainstream finance
Circle, BitGo and other crypto firms plan to apply for bank charters or licenses — Crypto is pushing deeper into the banking system.
Trump's World Liberty Financial unveils USD1, a 1:1 USD-pegged stablecoin on Ethereum and Binance Smart Chain, with BitGo as custodian; its launch date is TBA
Trump-backed World Liberty Financial will issue stablecoin David Yaffe-Bellany / New York Times : Trump's Crypto Venture Introduces New Digital Currency Jason Shubnell / The Block : World Liberty Fina...
Some of the largest custodial banks are interested in crypto custody but are hindered by the SEC rule SAB 121, which establishes accounting standards
- Coinbase, BitGo have been among the dominant service providers — SEC rule seen making it impractical for banks to do custody
Following high profile Bitcoin security incidents, standards group C4 and Bitcoin security firm BitGo propose cryptocurrency security standards
Eduard Kovacs / SecurityWeek :
Following high profile Bitcoin security incidents, standards group C4 and Bitcoin security firm BitGo propose cryptocurrency security standards
C4, BitGo Publish Draft of CryptoCurrency Security Standard — A draft of the CryptoCurrency Security Standard (CCSS) was made available on Wednesday for public discussion.