Crypto: US Banks Fight Back With Their Own Blockchain Network
After months of regulatory confrontation with the crypto industry around the Genius Act, American banks are changing strategy. Rather than slowing blockchain adoption, they now want to build it themselves with their own conditions. On…
Cointribune
Publisher
Aug 26, 2026 at 6:05 AM UTC · 4 Min. Lesezeit

After months of regulatory confrontation with the crypto industry around the Genius Act, American banks are changing strategy. Rather than slowing blockchain adoption, they now want to build it themselves with their own conditions. On August 25, 2026, 39 American banking associations announced the creation of the BankChain Alliance. The stated goal: a launch in 2027, under exclusive control of the banking sector.
In Brief
- BankChain Alliance brings together 39 associations representing several thousand American banks.
- The crypto network must support stablecoins, tokenized deposits, and automated settlements.
- No technology partner has yet been selected to build the platform.
A Crypto Blockchain Network Controlled by American Banks
Officialized on August 25, 2026 by a joint press release, the BankChain Alliance brings together 39 American state banking associations driven by the Texas Bankers Association. The interim leader is Kathy Kraninger, CEO of the Florida Bankers Association and former director of the Consumer Financial Protection Bureau (CFPB), the federal regulator for financial consumer protection.
BankChain Alliance presents its future crypto network as an infrastructure designed, owned, and governed by the banking sector. According to the official announcement, participating institutions will be able to offer:
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