BitcoinWorld Crypto De-banking: US Comptroller Vows Major Shift to Resolve Issues The dynamic world of cryptocurrency has long grappled with a significant challenge: securing reliable access to traditional banking services. This persistent hurdle, widely known as crypto de-banking , has caused considerable frustration and hindered growth for many innovative digital asset firms. However, a promising new chapter appears to be unfolding, bringing a wave of optimism to the sector. A Fresh Start: Tackling Crypto De-banking Head-On Jonathan Gould, the newly appointed U.S. Comptroller of the Currency, has quickly made it clear that addressing the complexities of crypto de-banking is a top priority for his term. Speaking at a recent CoinDesk event, Gould emphasized his commitment to resolving these issues, signaling a definitive shift in the regulatory landscape. This proactive stance marks a welcome departure from previous approaches, which often left crypto companies in a precarious position regarding their financial operations. Gould’s initial focus includes: Actively working to resolve instances where crypto firms are denied essential banking services. Reviewing and withdrawing anti-crypto licensing requirements that have historically discouraged traditional banks from engaging with the digital asset sector. Establishing clear, effective new regulations specifically for stablecoins, aiming to bring much-needed clarity and stability. The Comptroller explicitly stated that the era of the Office of the Comptroller of the Currency (OCC) discouraging banks from participating in the crypto sector is over. This declaration is a powerful message, acknowledging that crypto de-banking is a “real phenomenon” that demands serious attention and resolution. Understanding the Roots of Crypto De-banking Challenges For years, many cryptocurrency businesses found themselves struggling to open or maintain bank accounts. This widespread practice of crypto de-banking stemmed from a variety of factors, primarily driven by concerns within the traditional banking system. Banks often cited: Regulatory Uncertainty: A lack of clear guidelines from regulators made banks hesitant to engage with crypto, fearing potential compliance breaches. Perceived High Risk: Concerns over money laundering (AML) and know-your-customer (KYC) compliance for crypto transactions led banks to view the sector as high-risk. Reputational Risk: Some financial institutions worried about the potential negative impact on their public image if associated with the volatile crypto market. Operational Complexity: Integrating crypto-related services required significant investment in new systems and expertise, which many banks were unwilling to undertake. These challenges created a significant barrier to entry and growth for legitimate crypto firms, pushing some to operate in less regulated environments or even overseas. The impact was felt across the industry, hindering innovation and making it difficult for even well-established companies to conduct basic financial operations. What Actions Are Being Taken to Overcome Crypto De-banking? Under Jonathan Gould’s leadership, the OCC is not just acknowledging the problem but actively pursuing solutions. His commitment to addressing crypto de-banking signals a more inclusive approach to financial innovation. The efforts to withdraw outdated anti-crypto licensing requirements are particularly significant. By removing these barriers, the OCC aims to: Encourage traditional banks to re-evaluate their stance on crypto firms. Create a more level playing field for digital asset companies seeking banking services. Foster an environment where innovation can thrive without unnecessary regulatory roadblocks. Furthermore, the focus on establishing new stablecoin regulations is crucial. Clear rules around stablecoins can provide banks with the certainty they need to offer services to issuers and users of these digital assets. This regulatory clarity is a key step towards integrating crypto more smoothly into the broader financial system, ultimately reducing the instances of crypto de-banking . The Path Forward: Implications for Crypto and Traditional Finance The shift in the OCC’s approach, championed by Comptroller Gould, carries significant implications for both the cryptocurrency industry and traditional finance. For crypto firms, the promise of more accessible and stable banking relationships could unlock unprecedented growth and operational efficiency. It means less time spent searching for banking partners and more time focusing on developing cutting-edge technologies. For traditional banks, this new clarity offers an opportunity to explore new revenue streams and remain competitive in an evolving financial landscape. By providing services to crypto companies, banks can diversify their portfolios and attract a new generation of clients. While challenges in implementation will undoubtedly arise, Gould’s firm stance suggests a strong commitment to overcoming them. This evolving regulatory environment is a powerful step towards a more integrated and robust financial ecosystem where digital assets play a recognized and regulated role. The journey to fully resolve crypto de-banking is ongoing, but the direction is now clear: towards greater inclusion and regulatory certainty. Summary: A Brighter Banking Future for Crypto Comptroller Jonathan Gould’s bold initiatives mark a pivotal moment for the cryptocurrency industry. By directly confronting the pervasive issue of crypto de-banking , withdrawing restrictive regulations, and prioritizing stablecoin clarity, the OCC is paving the way for a more integrated and supportive financial environment. This proactive approach not only addresses a long-standing pain point for crypto firms but also signals a broader acceptance of digital assets within the traditional financial system. The future looks significantly brighter for crypto companies seeking essential banking services. Frequently Asked Questions About Crypto De-banking Q1: What exactly is “crypto de-banking”? A1: Crypto de-banking refers to the practice where traditional banks restrict or deny banking services, such as opening accounts or processing transactions, to businesses operating in the cryptocurrency sector. This can include crypto exchanges, wallet providers, or blockchain startups. Q2: Who is Jonathan Gould and what is his role in this issue? A2: Jonathan Gould is the new U.S. Comptroller of the Currency (OCC). He is a key financial regulator who has vowed to address and resolve the issues surrounding crypto de-banking, signaling a major shift in how the OCC approaches the digital asset industry. Q3: Why have banks historically been hesitant to offer services to crypto firms? A3: Banks have often been hesitant due to concerns about regulatory uncertainty, the perceived high risk of money laundering (AML) and terrorist financing, reputational risks associated with crypto volatility, and the operational complexities of integrating crypto-related services. Q4: How does the OCC plan to resolve crypto de-banking issues? A4: The OCC, under Gould, plans to resolve these issues by withdrawing anti-crypto licensing requirements, actively working with banks to ensure fair access, and establishing clear new regulations specifically for stablecoins to provide greater clarity and reduce risk perceptions. Q5: What impact will new stablecoin regulations have? A5: Clear stablecoin regulations are expected to provide traditional banks with the legal and operational certainty they need to engage with stablecoin issuers and users. This clarity can significantly reduce banks’ perceived risks, making them more willing to offer essential banking services to the crypto sector. Did you find this article insightful? Share your thoughts on the future of crypto banking and help us spread the word! Share this article with your network on social media to keep the conversation going. To learn more about the latest crypto market trends, explore our article on key developments shaping digital assets and their institutional adoption . This post Crypto De-banking: US Comptroller Vows Major Shift to Resolve Issues first appeared on BitcoinWorld and is written by Editorial Team
Ripple (XRP) is seeing a modest resurgence after weeks of a downtrend. Over the past seven days, the crypto asset has steadily gained more than 5% to climb to just over $3. However, the surge in XRP call options, as traders bet on ETF approvals, could potentially push the price targets to $4-$5 by year-end. XRP ETF Optimism There is a clear divergence in sentiment across the crypto market, which the analytics team at B2BinPay attributed to how traders are rotating capital into altcoins with near-term catalysts. In a statement to CryptoPotato , they noted that options data reflects growing optimism toward XRP while Bitcoin (BTC) and Ethereum (ETH) face increased caution. Specifically, December call options on XRP are trading well above puts, which the team interprets as a sign of market confidence fueled by expectations of potential US ETF approvals later this year. According to their view, if even one product receives approval, the resulting inflows could propel XRP into the $4-$5 range by year-end. On the other hand, Bitcoin and Ethereum show option markets skewed toward protective strategies, as evidenced by puts priced higher than calls. This defensive stance aligns with slowing ETF flows. For instance, Ethereum ETFs witnessed record-high outflows last week alongside recession concerns and profit-taking after BTC’s rally stalled above $100,000 and ETH retreated from $5,000 to $4,300. For B2BinPay, this trend signals a rotation. They explained that the traders hedge majors while pursuing upside in select altcoins. Meanwhile, Polymarket’s latest data suggests there’s a 93% chance that an XRP ETF will be approved by the end of 2025. Experts Signal Big Move Supporting this outlook, analyst ‘Crypto Tony’ observed that XRP crossing the $2.95 level is already a bullish trigger and opened the door for a long position. A similar sentiment was echoed by another prominent market expert, Ali Martinez, who further added that a breakout above the descending triangle pattern could send XRP to $3.60, which further validated the case that optimism around ETF approvals may only amplify XRP’s momentum. XRP’s recent price momentum coincided with a new expansion in Spain. This week, Ripple announced partnering with BBVA to integrate its self-custody solution, Ripple Custody, into the Spanish bank’s recently launched crypto trading and custody services. This integration allows BBVA to securely manage tokenized assets, including BTC and ETH, while ensuring regulatory compliance. The post Ripple (XRP) Hits $3 as Analysts Eye a Stunning $5 Rally appeared first on CryptoPotato .
Ripple’s $XRP just hit $3, edging closer to its $3.60 ATH. A notable driver? The 98% likelihood of US ETF approval, boosting expectations of heightened institutional demand. On the back of this, another altcoin is turning heads. It’s dubbed Wall Street Pepe ($WEPE) , and it recently expanded from Ethereum to Solana ahead of new exchange listings. Analyst Predicts $XRP ETFs to Spark Steady Dip-Buying On Polymarket (an aptly named on-chain prediction market held on Polygon), there are increasingly high hopes of a Ripple ETF being approved by the Securities and Exchange Commission (SEC) before 2026 kicks off. The market is pricing in a 93% chance of an $XRP approval this year, up by a commendable 16% compared to last month. According to crypto analyst ‘Jungle’ on X , the approval of an $XRP ETF could trigger steady institutional dip-buying as opposed to panic selling. His reasoning stems from the performance of BlackRock’s Bitcoin ETF (IBIT). It has continued to grow its assets under management even during turbulent times for $BTC, a clear sign institutions are steadily accumulating rather than exiting during volatility. This could be precisely what’s fueling $XRP’s momentum. On the weekly Relative Strength Index (RSI) indicator, $XRP sits around 55.7 . Readings above 50 typically signal that buyers have the upper hand. To top it off, the technical analysis suggests that $XRP isn’t in overbought territory. As such, it suggests that there’s wiggle room for the crypto to grow before conditions become overheated. Naturally, this creates the foundation for another potential push toward its ATH if buying pressure returns. Of course, the SEC approving an $XRP ETF could be a major catalyst. But $XRP isn’t the only altcoin positioned for success. The broader market is rewarding projects that pair strong communities with scalable infrastructure, and one standout coin attracting attention is $WEPE. Wall Street Pepe Enjoys Solana’s Fast Speeds & Low Fees Wall Street Pepe ($WEPE) might have started life on Ethereum, but it now claims to be ‘the best Solana meme coin of 2025.’ It has joined Solana to take advantage of its far faster speeds and lower costs. And it’s no wonder, as Solana handles 1,198 transactions per second (TPS) on average, making it 59x faster than Ethereum’s 20 TPS. To top it off, Solana’s block times are just 0.4 seconds compared to Ethereum’s 12 seconds. For $WEPE, the expansion was likely a logical move. To ensure fairness across both ecosystems in which it supports, you can swap $WEPE on Ethereum for $WEPE on Solana at a 1:1 ratio. Doing so helps stabilize the token’s value and maintain parity between both chains. So it’s not surprising that 3.2M $WEPE has migrated from $ETH to $SOL. Also helping to keep $WEPE’s supply balance is its buyback-and-burn mechanism. It removes tokens from circulation across both Ethereum and Solana while keeping the overall token supply capped at 200B. It’s also worth noting that liquidity for $WEPE on Solana isn’t outsourced. Instead, it comes directly from the project’s treasury, making the move more sustainable and less reliant on external capital.An additional boon of $WEPE is its exclusive NFT collection – ‘Non-Fungible Toads’ – designed to boost social engagement and reward early supporters. Just 5K NFTs will ever be minted, with whitelist spots allocated to the most engaged community members: 1K to Alpha Chat members, 1.5K for quest participants, 500 as community rewards, and 2K released publicly on a first-come, first-served basis. All of these developments come on the heels of major exchange listings that’ll boost $WEPE’s visibility and position the meme coin for broader adoption. Verdict – Altcoin Buzz Builds on $XRP ETF Speculation & $WEPE’s Solana Expansion With hype around $XRP building around ETF speculation and $WEPE going multi-chain with community rewards, both projects are gaining traction. Together, they show how strong narratives, robust community support, and scalability can bolster market traction. Now’s an excellent time to buy $WEPE on presale for $0.001, before it’s listed on some of the best crypto exchanges and its price likely rockets. But only time can truly tell its success. For this reason, do your own research and don’t invest more than you’d be sad to lose. Authored by Leah Waters, Bitcoinist – https://bitcoinist.com/wall-street-buys-250m-worldcoin-subbd-primed-to-soar/
The Polygon PoS Network is experiencing a network finality delay caused by a node bug impacting Bor and Erigon nodes, with transactions taking 10–15 minutes to completion, according to an official incident report from the Polygon Foundation. UPDATE: Temporary Delay in Finality While the chain continues to run and blocks and checkpoints are produced, there is currently a 10-15 minute delay in finality due to a milestone issue. We have identified a fix, and it is being rolled out to all validators and service… — Polygon Foundation (@0xPolygonFdn) September 10, 2025 The disruption, which started early Wednesday, has affected several Remote Procedure Call (RPC) services and caused applications built on the network to experience accessibility problems. The Polygon team has confirmed that the bug is hindering node advancement for specific configurations. Polygon PoS Network Bug Forces Third-party Protocols to Suspend All Polygon Transactions Nevertheless, restarting affected nodes has successfully resolved the problem for some participants. “We observe that restarting nodes has resolved the issues for numerous validators and RPC providers,” Polygon stated. Currently, Polygon’s block explorer Polygonscan indicates that the network’s most recent block was generated over 6 hours ago. Source: Polygonscan However, in its most recent update, the company directed users to a Bor Mainnet displaying block updates with more than 102 active nodes. The Polygon token POL (formerly MATIC) has reacted negatively to the downtime incident, currently trading at $0.2669 with a $2.8 billion market cap. POL has declined 3.42% today, extending its year-to-date drop to 30.3%. Data from DeFiLlama similarly shows that Polygon has lost most of its Total Value Locked (TVL) from the 2021 bull run. Source: DefilLama After reaching a peak of $9.432 billion in June 2021, Polygon’s TVL has decreased to just $1.2 billion. Several protocols have already paused Polygon transactions to prevent finality and reversal complications. TokenPocket, a widely used multichain stablecoin wallet, posted on X to inform its users: “ We have observed that the most recent block on Polygon was produced over an hour ago. Currently, all on-chain transactions on Polygon are temporarily halted. “ Transaction finality means a trade cannot be reversed once the network confirms it as final. New blocks keep coming every few seconds, but transactions can still be undone until they reach this final state. The delays force exchanges and DeFi apps to wait longer before processing deposits or trades, since they need absolute certainty before moving user funds. Two Layer-2 Networks Down: Is This Ethereum’s Scaling Crisis? Meanwhile, developers are highlighting another network outage that affected the Linea network earlier today, questioning whether there’s any connection with the Polygon disruption since both are Ethereum Layer-2 scaling solutions. Linea and Polygon block chain experienced downtime at about the same time Could it be related? Linea is now back online and producing blocks. Polygon, however, remains down, nearly 2 hours and counting https://t.co/csD5mwddVK pic.twitter.com/Lr5gK3Arta — Sifu (@0xCeefu) September 10, 2025 However, Linea has already restored block production following a temporary outage affecting its mainnet sequencer that caused a 67-minute downtime. Although Linea has not revealed the root cause of the outage, it announced that it identified the issue and deployed a fix, according to the network’s status page. A Polymarket trader also expressed frustration regarding the transaction finality bug affecting Polygon. He noted that while the Polygon PoS network has minimal users, it shouldn’t be experiencing critical issues like this when it hosts the largest prediction market in the crypto sector. Polymarket is a decentralized platform that happens to be one of the premier products built on Polygon, enabling users to wager on global event outcomes, spanning science to sports, and culture to crypto. The latest Polygon network incident follows a period of recent network disruptions. In July, Polygon implemented a Heimdall upgrade designed to improve stability and validator coordination. According to Polygon Foundation CEO Sandeep Nailwal, the upgrade dubbed Heimdall v2 was intended to reduce transaction finality to just five seconds while addressing longstanding technical debt from Polygon’s early development period (2018-2019). Product Announcement ~5 Second Finality + Modernized Core Infra on Polygon PoS Polygon PoS engineers have completed deployment of Heimdall v2 to mainnet, upgrading the consensus layer, decreasing large reorgs, and bringing transaction finality to ~5 seconds (down from 1-2… pic.twitter.com/nsI6dgu2ci — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) July 11, 2025 Polygon’s network, however experienced a separate, hour-long disruption weeks after the complex hard fork. The Heimdall development follows Polygon’s Bhilai hardfork on July 1, 2025, which significantly increased throughput to 1,000 transactions per second (TPS) and integrated Ethereum’s Pectra EIPs for enhanced account abstraction. The post Polygon PoS Network Faces 10-15 Minute Transaction Delays Due to Node Bug appeared first on Cryptonews .