The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force met with one of the world’s leading banks and financial services firms to discuss the regulation of crypto assets. The meeting happened during the highly anticipated Crypto Week, raising speculations regarding the primary agenda of the meeting.
According to a memo, three members of Deutsche Bank USA Corp. met with the regulator to talk about considering cross-border digital asset regulation and harmonizing with international regulatory frameworks.
The bank also stressed upon exploring current European and UK frameworks for digital asset regulation, such as the European Union’s Markets in Crypto-Assets (MiCA) regulation. It highlighted the latest research on digital asset markets by French economist Marion Laboure.
Deutsche Bank continues to expand deeper into the crypto industry, realizing the opportunities in the emerging class of digital assets. The bank plans to launch its crypto custody platform in 2026.
Recently, Deutsche Bank confirmed exploring stablecoins and tokenized deposits for its payment infrastructure amid the GENIUS Act buzz. The bank is also considering issuing its own stablecoin and joining the industry-wide initiative.
Meanwhile, the U.S. House of Representatives debated three crucial bills amid the Crypto Week. These are the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. The bills move forward for another voting today after US President Donald Trump intervened, seeking support to pass the bills.
U.S. Representative French Hill believes there is “strong bipartisan support” for the crypto market structure bill, even after a surprising setback in the House of Representatives last day.
Also Read: Bitcoin is No Longer Volatile, Says Deutsche Bank
