Citigroup eyes custody and payment services for crypto ETFs, stablecoins

Citigroup is looking to make a further foray into the crypto and blockchain ecosystem with custody and payments solutions for stablecoins and crypto exchange-traded funds. Summary Citigroup is exploring expansion into stablecoin payments and cryptocurrency ETFs custody. The U.S. bank joins other leading financial firms in considering crypto services. The U.S. banking giant is considering…

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Trump’s Treasury Secretary Bessent backs Bitcoin acquisitions after saying America’s not buying

Key Takeaways Trump’s Treasury Secretary stirred concerns today with a comment that the US will not be purchasing Bitcoin. Treasury aims to increase the reserve through budget-neutral methods to support US leadership in cryptocurrency. Share this article US Treasury Secretary Scott Bessent clarified that the administration is still eyeing budget-neutral ways to grow the national…

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Treasury Secretary Confirms US to Acquire Bitcoin for Reserve via Budget-Neutral Tactics

After stating the U.S. government won’t buy bitcoin, the Treasury chief now clarifies plans to expand the Strategic Bitcoin Reserve using budget-neutral strategies that avoid new spending. US Eyes Budget-Neutral Bitcoin Acquisition to Expand Strategic Reserve, Treasury Secretary Reveals U.S. Treasury Secretary Scott Bessent took to social media platform X on Aug. 14 to clarify…

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