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Cryptocurrency market maker Keyrock is launching a new entity in the U.S. and opening an office in New York, the company said in a press release on Tuesday. Robert Valdes-Rodriguez, Keyrock’s chief commercial officer, will lead the development of the New York business, the company said. Valdes-Rodriguez has more than 25 years of experience in senior management roles at traditional finance institutions, including ABN AMRO, Scotiabank and Credit Agricole. Improving regulatory clarity in the U.S. under President Donald Trump’s new administration is expected to lead to a boom in digital assets. The Securities and Exchange Commission (SEC) has formed a…

According to a Reuters report dated March 18, industry insiders are allegedly saying that crypto firms see this as an opportunity to gain regulatory legitimacy and broaden their markets. Though such applications have historically taken regulatory bodies a long time to approve, legal experts have seen a recent uptick in interest. “We have seen a lot more interest. We are working on several applications now,” said Alexandra Steinberg Barrage, a partner at the law firm Troutman Pepper Locke, as quoted by Reuters. However, with the administration appointing new banking regulators, Locke said, many firms are feeling cautiously optimistic, even as…

Crypto market regulatory clarity was cited as the top catalyst for growth in the digital asset industry, according to a survey by crypto exchange Coinbase (COIN) and consulting firm EY-Parthenon (EYP). Coinbase and EY Parthenon surveyed 352 institutional investors between Jan. 13 and Jan. 24 this year. 86% of those surveyed said they had exposure to digital assets or planned to make allocations in 2025, and 84% said they had increased allocations to crypto and crypto-related products in 2024. 59% of respondents said they planned to allocate more than 5% of their assets under management (AUM) to cryptocurrencies in 2025.…

Kindamorphic | E+ | Getty ImagesA judge ordered the Trump administration to temporarily reinstate some of the education grants it had nixed as part of its work to end diversity, equity and inclusion initiatives.U.S. District Judge Julie Rubin in Maryland said that the U.S. Department of Education’s termination of the grant awards is “likely to be proven arbitrary and capricious, because the Department’s action was unreasonable, not reasonably explained, based on factors Congress had not intended the Department to consider,” and were “otherwise not in accordance with law.”The end of the grants could have a “grave effect on the public,”…

Xapo Bank is providing its members access to Bitcoin-backed lending and loans, allowing them to leverage their Bitcoin holdings as collateral. The product will initially offer several features to protect members’ investments and aims to ease borrowing while also enabling qualifying members to retain their Bitcoin as a long-term financial instrument. By using Bitcoin as collateral, qualifying Xapo Bank members can access USD funds without selling their assets. This preserves the potential for long-term appreciation of their Bitcoin investments and offers lower short-term loan rates compared to typical credit card providers while benefiting from flexible repayment terms and robust security…

The US Capitol is seen in Washington, DC, on January 3, 2018 before the opening of the second … [+] session of the 115th Congress. – The US Congress hits the ground running as its 2018 session kicks off, with President Donald Trump facing a two-week deadline to forge a compromise between Republicans and Democrats on immigration reform and the budget. (Photo by NICHOLAS KAMM / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images)AFP via Getty Images History was made in the Senate last week when the Senate Banking, Housing, and Urban Affairs Committee voted 18-6 to advance a bill…

Harvard University campus in Cambridge, Massachusetts.Michael Fein | Bloomberg | Getty ImagesHarvard University is the latest institution to announce that tuition will be free for undergraduates with family incomes of $200,000 or less beginning in the 2025-26 academic year. It joins a growing list of select private colleges — many in the “Ivy Plus” category — that have also recently increased their financial aid awards to attract top students wary of high college costs.In November, the University of Pennsylvania said it would guarantee a financial aid package that covered tuition with grants and work-study for students from families that make up…

Crypto ETPs Face $1.7 Billion in Outflows as Bitcoin Products See Continued Decline for Fifth Consecutive Week Crypto exchange-traded products (ETPs) saw significant outflows last week, with $1.7 billion withdrawn, continuing a streak of negative flows for the fifth consecutive week. This brings the total outflows to $6.4 billion over the past five weeks, marking the longest negative streak since CoinShares began tracking these flows in 2015. Bitcoin ETPs bore the brunt of these outflows, with $978 million pulled from the market last week alone. Over the past five weeks, Bitcoin products have experienced $5.4 billion in outflows, significantly impacting…

ECB Governor Warns Trump’s Pro-Crypto Policies Could Trigger Global Financial Instability Francois Villeroy de Galhau, Governor of the Bank of France and a key member of the European Central Bank (ECB), has warned that the U.S.’s increasing embrace of cryptocurrencies could lead to global financial instability. In an interview with French weekly La Tribune Dimanche, Villeroy de Galhau criticized the Trump administration’s policies, claiming they are “sowing the seeds of future upheavals.” He noted that crises often begin in the U.S. and spread worldwide, warning that by encouraging non-bank finance and crypto assets, the U.S. is jeopardizing financial stability. Trump’s…

Rubberball Productions | Brand X Pictures | Getty ImagesIt’s of course very difficult to lose your spouse — and some survivors may also have to deal with the shock of higher taxes after their wife or husband dies.That’s because after a partner’s death, surviving spouses may face a “survivor’s penalty” due to the shift from married filing jointly to single filing status, potentially leading to higher taxes and increased Medicare premiums.More from Personal Finance:More Americans with college degrees are working multiple jobsAmericans lost $5.7 billion to investment fraud in 2024. How to protect yourselfYour pre-tax IRA is an ‘IOU to…