In the future, cryptocurrency could a type of savings account people to hold their funds in a digital wallet or securely process loans to each.
A growing group of crypto firms is ending its relationship with crypto-focused bank Silvergate SI after the bank delayed its 10K filing and said there were concerns about its ability to continue as a "going concern. Coinbase has fallen foul of the SEC because it wants to do bank-style deposit-taking and lending using cryptocurrency. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity. In the Howey case of , the Supreme Court established criteria for determining whether a product is an investment contract and therefore should be subject to securities regulation. Last week, the company canceled plans for a high-interest lending product after the SEC threatened to sue over it.
