Hello friends, from Washington hallways to global trading floors, yesterday’s crypto update shows that the momentum keeps building and the industry is moving towards mainstream legitimacy.
Senate Edges Closer to Real Rules in Crypto Update
In a tight 12-11 party-line vote, the US Senate Agriculture Committee pushed forward its major crypto market structure bill, or CLARITY Act, on Thursday.
After a quick markup packed with heated debates, the legislation cleared the committee and now heads toward potential full Senate action.
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Supporters are excited that this crypto update delivers the clear rules digital assets have begged for; for years, handing more power to the CFTC and finally giving markets breathing room to grow.
Critics, mostly on the Democratic side (no surprises there), fired back with worries over ethics, investor safeguards, and whether this weakens oversight too much.
Tokyo-Based Nomura Crypto Unit Targets U.S. Bank License
Meanwhile, Japan-based Nomura’s blockchain arm, Laser Digital, just filed paperwork with U.S. regulators to launch a full national trust bank.
They plan to offer rock-solid custody for digital assets, plus spot trading tailored for big institutional players. Steve Ashley, who chairs Laser Digital and would run the proposed bank, says the wild speculative days are fading, and serious money now wants sturdy, regulated infrastructure that lasts.
This crypto update screams confidence, as a powerhouse like Nomura bets big on a regulated U.S. setup, you know the tide is turning.
Bybit to Launch Personal IBAN Bank Accounts for Crypto Users
In another exciting crypto update, Bybit exchange dropped news that it’s rolling out retail banking services starting in February, called “My Bank powered by Bybit”.
This feature gives users their own personal IBAN for seamless fiat moves across multiple currencies (kicking off with USD support).
fter completing KYC, people can deposit cash, pay bills, get salaries direct-deposited, and flip between fiat and crypto, all in one spot.
Coming roughly a year after that massive hack, it’s a gutsy step to blend everyday banking with trading. CEO Ben Zhou framed it as the next evolution: making crypto platforms feel like full-service financial hubs.
And that’s a wrap, friends. Stay stuck to Coin Medium for the latest in all things crypto.
