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Washingtonians for Public Banking

@waforpublicbanking

We fight for public banking at all levels of government.

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29.11.2024
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Latest posts by Washingtonians for Public Banking @waforpublicbanking

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Out of the Shadows: Public Banking for Municipal Finance By Tyler Suksawat & Scott Ferguson In a recent essay, we advanced a proposal for sub-federal governments to sell municipal bonds to their own public banks. We took the city as our primary point…

"Establishing a public bank that regularly purchases municipal debt... would not only significantly expand a city’s fiscal capacity to support its communities and environs, but also reclaim regional public finance from a parasitical... bond market."

moneyontheleft.org/2026/03/03/o...

06.03.2026 17:27 👍 7 🔁 3 💬 0 📌 1
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Trump sides with crypto firms in trillion-dollar battle with banks over stablecoin yield The dispute centers on whether crypto firms like Coinbase can offer yields on stablecoins, which banks warn will siphon trillions of dollars from the industry.

“President Donald Trump has thrown his support behind crypto firms in their high-stakes battle with U.S. banks over whether they can offer interest-like returns on stablecoins.”

www.cnbc.com/amp/2026/03/...

04.03.2026 23:41 👍 0 🔁 0 💬 0 📌 0
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27.02.2026 20:15 👍 0 🔁 0 💬 0 📌 0
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Bitcoin climbs toward $70,000 level as U.S. equities rise: CNBC Crypto World On today's episode of CNBC Crypto World, bitcoin is on pace to break a multi-week losing streak. Also, Trump family-backed crypto platform World Liberty Financial says it was targeted by a 'coordinate...

“On today’s episode of CNBC Crypto World, bitcoin is on pace to break a multi-week losing streak.”

www.cnbc.com/video/2026/0...

26.02.2026 00:09 👍 1 🔁 0 💬 0 📌 0
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Trump administration reportedly weighs move to bar non-citizens from banks The policy would require banks to solicit documentation from current customers as well as future ones, multiple outlets reported.

“The Trump administration is considering requiring banks to collect proof of citizenship from customers via an executive order, multiple outlets reportedon Tuesday.”

www.axios.com/2026/02/24/t...

25.02.2026 00:53 👍 0 🔁 0 💬 0 📌 0
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Public Banking Proposals Gradually Move Forward By: Marco Rosaire Rossi

“Throughout the United States, legislation on public banking continues to move forward, with the movement making slow, but nonetheless persistent, progress.”

open.substack.com/pub/waforpub...

23.02.2026 06:45 👍 4 🔁 1 💬 0 📌 0
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Supreme Court strikes down Trump’s sweeping tariffs, sparking fierce pushback and vow of new levies President Donald Trump says he's imposing a temporary global tariff of 10% after his far-reaching tariff regimen was struck down by the Supreme Court.

“The Supreme Courtstruck down President Donald Trump’s far-reaching global tariffs on Friday, handing him a stinging loss that sparked a furious attack on the court he helped shape.”

apnews.com/article/supr...

20.02.2026 23:20 👍 0 🔁 0 💬 0 📌 0
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The Crypto Chokehold Trump’s return has vaulted pro-crypto interests into power. As they capture ever more Democrats, the political will to stop them is dwindling.

"Trump’s return has vaulted pro-crypto interests into power. As they capture ever more Democrats, the political will to stop them is dwindling."

www.bostonreview.net/articles/the...

19.02.2026 19:11 👍 1 🔁 0 💬 0 📌 0
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Tomorrow!

17.02.2026 03:53 👍 1 🔁 0 💬 0 📌 0
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Crypto’s battle with the banks is splitting Trump’s base A fight over stablecoin rules is really about whether deposits at major financial institutions will disappear

“The stablecoin saga has now morphed into a fight between competing factions of Trump supporters and donors… And these factional fights matter as much (if not more) for investors than the usual battles between Democrats and Republicans.”

www.ft.com/content/6718...

13.02.2026 23:49 👍 0 🔁 0 💬 0 📌 0
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In a blow to the banks, pioneering swipe fee law survives first legal challenge Article Summary A federal judge has upheld a first-of-its-kind Illinois law that protects consumers and retailers from paying so-called credit

“A federal judge has upheld a first-of-its-kind Illinois law that protects consumers and retailers from paying so-called credit card “swipe fees” on taxes and tips.”

capitolnewsillinois.com/news/in-a-vi...

12.02.2026 23:03 👍 0 🔁 0 💬 0 📌 0
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Banks sharpen stance on stablecoin rules during White House clash as key crypto bill remains on ice Wall Street banks and the crypto industry remain at an impasse over a key piece of legislation.

“US banks sharpened their stance this week in a clash with the crypto industry that has put major legislation on ice in Congress.”

finance.yahoo.com/news/banks-s...

11.02.2026 22:25 👍 2 🔁 0 💬 0 📌 0
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The Bank Charter Boom Is Creating Very Different Kinds of Banks | PYMNTS.com Bank charters represent the operating system (OS) for the U.S. financial sector. But not all charters are created equal, and the differences matter

“The emerging banking landscape increasingly resembles a constellation of pathways, each with its own constraints and powers. For payments, commerce and FinTech, understanding those distinctions is becoming a competitive necessity.”

www.pymnts.com/news/banking...

11.02.2026 00:33 👍 0 🔁 0 💬 0 📌 0
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‘It sucks’: Crypto gets a rude awakening to kick off Trump’s second year Bitcoin has plunged from an all-time high of more than $126K in October by nearly 50 percent, even as the president has paved a new era for the industry in Washington.

"Bitcoin has plunged from an all-time high of more than $126K in October by nearly 50 percent, even as the president has paved a new era for the industry in Washington."

www.politico.com/news/2026/02...

07.02.2026 00:28 👍 0 🔁 0 💬 0 📌 0
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05.02.2026 19:09 👍 0 🔁 0 💬 0 📌 0
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Chicago bank fails, becoming first in nation to go under in 2026 Regulators shut down Metropolitan Capital Bank & Trust in River North on Friday. Detroit-based First Independence Bank acquired all its deposits.

"Regulators shut down Metropolitan Capital Bank & Trust in River North on Friday. Detroit-based First Independence Bank acquired all its deposits."

chicago.suntimes.com/business/202...

05.02.2026 01:31 👍 0 🔁 0 💬 0 📌 0
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S.F. supervisor proposes tax to fund a public bank The tax would raise $40-50 million a year and start San Francisco on the road to being the first U.S. city with a municipal public bank.

"San Francisco Supervisor Jackie Fielder will introduce a ballot measure on Tuesday that would tax financial institutions to create a municipal public bank, the first of its kind in the country."

missionlocal.org/2026/02/sf-j...

03.02.2026 21:43 👍 1 🔁 0 💬 0 📌 0
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Supporters Testify In Favor of Public Banking Legislation By: Marco Rosaire Rossi

Check out the latest Substack post from Washingtonians for Public Banking

"On January 15, Washington State Senate Ways and Means Committee held its work session and public hearing on SB5754, a bill to create a public bank for Washington."

open.substack.com/pub/waforpub...

27.01.2026 19:36 👍 1 🔁 0 💬 0 📌 0
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S.E.C. Drops Case Against Cryptocurrency Firm Founded by Winklevoss Twins

"The agency says that victims of an investment offering involving Gemini Trust got their money back, though after a regulatory action brought by the New York attorney general."

www.nytimes.com/2026/01/23/u...

24.01.2026 00:34 👍 1 🔁 0 💬 0 📌 0
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Senate Ways & Means - TVW Public Hearing: SB 5754: Creating the Washington state public bank. Work Session: Joint Legislative Audit and Review Committee (JLARC) tax preference

Thank you to all the supporters who came out for the Senate Ways and Means committee to support SB5754, the bill to create a public bank in Washington. You can use the link below to view the work session and the public hearing.

tvw.org/video/senate...

21.01.2026 01:55 👍 4 🔁 1 💬 0 📌 0
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Support the Creation of a Washington State Public Bank Support SB5754: A Public Bank for Washington State

Support the Creation of a Washington State Public Bank!

open.substack.com/pub/waforpub...

13.01.2026 20:02 👍 8 🔁 3 💬 0 📌 0
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Seattle’s New Mayor on Her “Sewer Socialist Mentality” Ahead of her swearing in today, Seattle mayor Katie Wilson talks to Jacobin about the everyday pressures squeezing working-class people and why she’s a democratic socialist.

In her recent interview with Jacobin, the @mayorofseattle.bsky.social gives a shout out to Washingtonians for Public Banking and the idea of creating a public bank for Seattle. The future of public financing is here. jacobin.com/2026/01/mayo...

11.01.2026 22:33 👍 7 🔁 3 💬 0 📌 0
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Washington State is considering creating a public bank.
A hearing is scheduled for SB5754--a bill to create a public bank in Washington--for January 15th at 4:00 pm. Contact the Senate Ways and Means Committee today and let them know you support SB5754. app.leg.wa.gov/BillSummary/...

11.01.2026 21:54 👍 62 🔁 21 💬 2 📌 5
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Trump-linked crypto company applies for federal banking charter World Liberty Financial is seeking regulatory approval to issue and manage USD1, its dollar-backed stablecoin.

"World Liberty Financial, the crypto firm affiliated with President Donald Trump’s family, announced Wednesday that it has applied for a banking charter with the Office of the Comptroller of the Currency."

www.politico.com/news/2026/01...

08.01.2026 01:52 👍 0 🔁 0 💬 0 📌 0
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Wholesale Banks: An Idea Whose Time Has Come Again? Deep behind the scenes, wholesale financial institutions quietly shape the country’s banking and housing markets. With Mamdani in the New York City mayor’s office, is it time for policymakers to revis...

“Deep behind the scenes, wholesale financial institutions quietly shape the country’s banking and housing markets. With Mamdani in the New York City mayor’s office, is it time for policymakers to revisit the idea?”

nextcity.org/urbanist-new...

07.01.2026 03:12 👍 0 🔁 0 💬 0 📌 0
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Now Is the Time for a Seattle Public Bank By: Marco Rosaire Rossi

Read the latest Substack from Washingtonians for Public Banking.

open.substack.com/pub/waforpub...

27.12.2025 18:19 👍 2 🔁 0 💬 0 📌 0
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Visit Washingtonians for Public Banking's website and find a list of public financing and financial reform bills being considered this legislative session.

www.waforpublicbanking.org/advocacy

18.12.2025 21:43 👍 3 🔁 0 💬 0 📌 0
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America's biggest banks are ending 2025 on top with big growth goals and markets 'wide open' America's biggest banks are looking to accelerate growth in the year ahead as stocks reach record highs and looser rules push the industry into a new chapter.

“America's biggest banks are ending 2025 with their stock prices at record highs, more assets on their balance sheet, and a level of regulatory freedom they haven't seen in 15 years.”

finance.yahoo.com/news/america...

17.12.2025 17:21 👍 1 🔁 0 💬 0 📌 0
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waforpublicbanking.org

WPB organizes, educates, and advocates for the establishment of public banking in Washington State. We prioritize economic equity, sustainability, and an affordable green economy for Washingtonians over the profits of private financial institutions.

www.waforpublicbanking.org

12.12.2025 18:48 👍 2 🔁 0 💬 0 📌 0
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Washingtonians for Public Banking cannot survive without your support. Please consider donating to the organization. Any amount is appreciated.

givebutter.com/52D60Q

12.12.2025 06:59 👍 1 🔁 1 💬 0 📌 0