Global Stock News

How the housing bill quietly helps out fintech, crypto

How the housing bill quietly helps out fintech, crypto

  • Key insight: The housing package includes a custodial deposit bill that some experts say could make bank-fintech partnerships cheaper. 
  • Forward look: President Donald Trump is expected to sign the bill into law. 
  • Expert quote: “It seems when it comes to community banks, the biggest usage of custodial deposits — or at least the most profitable usage, as far as we can see — would be banks and tech partnerships.” — Phillip Basil, director of economic growth and financial stability, Better Markets.

WASHINGTON — A provision tucked into a sweeping housing package is being sold as regulatory relief for community banks. But some experts say the biggest winners could be fintech and crypto firms that are looking to embed themselves more…

Source link

Share this article

Scroll to Top