Bank Of America Balances Epstein Lawsuit Risks With Stablecoin Policy Role
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A federal judge has allowed parts of a lawsuit to proceed that accuse Bank of America (NYSE:BAC) of being a "knowing beneficiary" of Jeffrey Epstein's alleged sex trafficking operation, while dismissing several other claims. Bank of America is also taking part in policy talks with Coinbase and the White House on possible rules for stablecoins and how digital assets could fit into mainstream banking. For you as an investor, these two threads pull in very different directions for Bank of...
📄 Summary
A federal judge has allowed parts of a lawsuit to proceed that accuse Bank of America (NYSE:BAC) of being a "knowing beneficiary" of Jeffrey Epstein's alleged sex trafficking operation, while dismissing several other claims. Bank of America is also taking part in policy talks with Coinbase and the White House on possible rules for stablecoins and how digital assets could fit into mainstream banking. For you as an investor, these two threads pull in very different directions for Bank of...