spdi

Fed Vice Chair Lael Brainard (Drew Angerer/Getty Images)
US Fed Opens Pathway for Crypto Banks to Tap Central Banking System
The central bank will create a three-tiered system for evaluating whether a financial institution should have access.
Fed Vice Chair Lael Brainard (Drew Angerer/Getty Images)

Kraken received an American Bankers Association routing number. (CoinDesk archives)
Kraken Hits Key Milestone in Quest to Gain Fed Account, Equal Treatment With Traditional Banks
Kraken Bank, the Wyoming subsidiary of the Kraken crypto exchange, received a routing number from the American Bankers Association.
Kraken received an American Bankers Association routing number. (CoinDesk archives)

President Biden Outlines His Administration's Climate Plan
US Federal Reserve Proposes Guidelines for ‘Novel’ Banks That Want Access to Fed Payments
The guidelines would have a direct bearing on Wyoming special purpose depository institutions that want access to Fed payments, said U.S. Sen. Cynthia Lummis.
President Biden Outlines His Administration's Climate Plan

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Jesse Powell: Bitcoin Banker
In 2011, Jesse Powell stored digital assets for online gamers. Now, his crypto exchange has created a bank for which he helped develop the rules.
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Caitlin_Long_Flickr
Caitlin Long's Wyoming Crypto Bank Announces C-Suite, Including Bitcoin Core Dev
On Tuesday, Avanti Financial Group announced five executive hires, including Bitcoin Core developer Bryan Bishop and Figure Technology’s Zev Shimko.
Caitlin_Long_Flickr

Caitlin Long
Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming
A Wyoming corporation founded by Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking.
Caitlin Long

Jesse Powell
Kraken Job Ad Hints at Plan to Build Special-Purpose Wyoming Bank
The cryptocurrency exchange has opened up a position for someone to oversee operations for the firm’s future Wyoming SPDI bank charter.
Jesse Powell

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Colorado Could Be Next in the Race to Bank Crypto (and Cannabis)
State policymakers want Colorado to be the new Wyoming, creating friendly legislation to draw crypto companies.
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