In recent years, there has been a significant shift in how global banks approach cryptocurrencies. Driven by new legislation and changing consumer preferences, banks are striving to integrate crypto services into their operations.
GENIUS Act and its Impact on Crypto Integration
The GENIUS Act, signed into law in July 2025, marked a pivotal moment for the relationship between cryptocurrency and banks. This act, along with the European MiCA regulation, represents a move towards greater integration of crypto into traditional financial institutions. Major banks have begun offering crypto services, including custody and trading.
Increase in Stablecoin Transactions
Stablecoin transactions have doubled over 18 months, reaching $30 billion daily. Regulatory clarity is spurring institutional investment, with banks viewing crypto capabilities as critical for customer acquisition. New regulations remove barriers for banks, allowing the provision of stablecoin-powered financial products.
From Resistance to Crypto Adoption by Banks
The situation in the banking sector resembles the development of online banking, demonstrating a shift from skepticism to acceptance of cryptocurrencies. Banks initially resisted the implementation of cryptocurrencies; however, evolving regulations now encourage widespread adoption of crypto services.
Overall, the integration of crypto services into banks, driven by new legislation, signifies an important step forward in financial institutions' adaptation to modern customer demands. Looking to the future, further growth in banks' participation in the cryptocurrency space can be expected.
