The Office of the Comptroller of the Currency released draft “supervisory principles” for banks with more than $100 billion of assets, saying they should account for weather-related risks. Officials said public feedback on the guidelines will help inform more detailed interagency policy next year.

Following the House Financial Services Committee hearing on cryptocurrency last week, the Senate Banking Committee held a related hearing to discuss the stablecoin market. Entitled Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?, the Senate Banking Committee had a single

Astra and Cross River Bank announced a partnership to launch the first-ever account-to-account (A2A) debit transfer product.

The Pennsylvania bank run by Sam Sidhu is updating its platform to support real-time payments for cryptocurrency companies and will offer embedded finance and banking-as-a-service to fintechs.

The Facebook and Amazon failures remind us that vague talk about networks and clouds and blockchains is no substitute for the kind detailed risk analysis and countermeasure planning that will be required to create the next piece of vital national infrastructure: CBDCs.