It can feel as though every week there’s a new stablecoin announcement from a traditional financial player. The one thing they all have in common? For the most part, they aren’t taking place in the U.S. But, as U.S. lawmakers circulate an updated draft agreement...
Solutions in search of problems tend to get nowhere. Stablecoins, which have the potential to become widely used for payments, are trying to avoid that fate. Stablecoins are being held as more than a cryptocurrency curiosity, as evidenced by news Thursday (May 15) that Mastercard...
Banks in the United States are increasingly finding themselves ensnared in cartel-connected money laundering operations. Underground banking networks are working with drug cartels to deposit cash from drug sales at bank branches and ATMs, The Wall Street Journal reported Thursday (May 15). “U.S. banks are...
The federal credit union tax exemption was preserved during the markup of a tax reconciliation bill in the House Ways and Means Committee. The legislation passed the committee on a 26-19 vote along party lines and now moves to the House Budget Committee where it...
May 12, 2025
Welcome to another edition of Washington Weekly, the series in which PYMNTS CEO Karen Webster and QED Investors partner Amias Gerety start their conversation with a Manic Monday check-in. The weekly question: How manic is this Monday? Well, turns out this Monday — even if only for the moment — was somewhat magical. The freeze […]
April 23, 2025
The U.S. government’s evolving approach to crypto regulation could mark a pivotal moment for payments innovation. “There’s certainly a change in how the administration views the digital assets industry,” Dan Boyle,...
April 22, 2025
The changing cryptocurrency landscape in the United States could have a downstream impact on how businesses move, hold, store and monetize payments. Paul S. Atkins was sworn into office as...
April 03, 2025
The tariffs announced by the President Donald Trump administration Wednesday (April 2) are now a reality, and a trade war is a real possibility. For middle-market firms, supply chain changes...
May 16, 2025
The Federal Reserve plans to cut its workforce by about 10% “over the next couple of years” amid a periodic review of its staffing levels, Federal Reserve Chair Jerome Powell told Fed staff in a memo obtained by PYMNTS. In the memo, Powell said offers of voluntary deferred resignations to some Board staff will be part of […]
May 15, 2025
Banks in the United States are increasingly finding themselves ensnared in cartel-connected money laundering operations. Underground banking networks are working with drug cartels to deposit cash from drug sales at...
May 14, 2025
The federal credit union tax exemption was preserved during the markup of a tax reconciliation bill in the House Ways and Means Committee. The legislation passed the committee on a...
May 14, 2025
Republican and Democratic senators are reportedly working to resurrect stablecoin legislation. As Bloomberg News reported Tuesday (May 13), this legislation, supported by the cryptocurrency industry, had lost momentum due to...
