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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/23/2025

Fnality Raises $136M, US Lawmakers Push Bipartisan Crypto Legislation and Trump's Retirement Order

The crypto market on September 21 saw several major developments: a leading blockchain payments company closed a successful funding round, US lawmakers pressured the Securities and Exchange Commission (SEC) to implement a former President Donald Trump executive order, and Democrats signaled willingness to work with Republicans on digital asset market regulation. Fnality raises $136 million from major banking institutions London-based blockchain payments company Fnality has raised

Fnality Raises $136M, US Lawmakers Push Bipartisan Crypto Legislation and Trump's Retirement Order

The crypto market on September 21 saw several major developments: a leading blockchain payments company closed a successful funding round, US lawmakers pressured the Securities and Exchange Commission (SEC) to implement a former President Donald Trump executive order, and Democrats signaled willingness to work with Republicans on legislation to regulate the digital asset market.

Fnality raises $136 million from major banking institutions

London-based blockchain payments company Fnality has successfully raised $136 million in a Series C round. The round was led by Bank of America, Citi, KBC Group, Temasek, Tradeweb, and WisdomTree, with continued participation from major investors including Goldman Sachs, Santander, Barclays, and UBS.

According to CEO Michelle Neal, Fnality's blockchain payment system delivers critical capabilities for modern finance: 24/7 settlements, instant processing times, and enhanced liquidity. The fresh capital will be used to expand services to cover USD and EUR, following the successful launch of the GBP version of the Fnality Payment System last year.

US Congress pushes to include crypto in retirement funds

A group of US lawmakers sent a letter urging SEC Chair Paul Atkins to promptly implement the August 2025 executive order signed by former President Donald Trump, which would allow crypto to be integrated into 401(k) retirement plans.

According to the lawmakers, approximately 90 million Americans currently have no way to invest in alternative assets like cryptocurrency through their retirement accounts. If implemented, the order could unlock an enormous capital channel for the market while diversifying portfolios for long-term investors.

Democrats give the green light to a bipartisan regulatory framework

Additionally, 12 Democratic Senators from the Banking Committee and the Agriculture Committee issued a statement expressing readiness to work with Republicans on building a framework law to regulate the digital asset market.

The Democratic proposal emphasized seven pillars, including: anti-money laundering, fraud prevention, spot market transparency, investor protection, and anti-corruption safeguards. While Republicans hold majorities in both the House and Senate, bipartisan consensus is still seen as a key factor in passing the legislation.

Outlook

These developments paint a picture of the crypto market entering a phase of deeper institutionalization, as global financial institutions pour capital into blockchain payment infrastructure and US policy moves toward a clearer regulatory framework.

This could pave the way for sustainable growth in the market, rather than reliance solely on short-term speculative flows.