Charter

In brief Circle received a limited-purpose trust charter from the New York Department of Financial Services. The charter allows Circle to operate …

The Office of the Comptroller of the Currency denied Wise’s application for a US national trust bank charter, the payments company said …

In brief Circle secured final OCC approval to establish a national trust bank, shifting its $73.2 billion stablecoin to a unified federal …

The regulator rejected claims he’s doing President Trump’s bidding during a congressional hearing that also addressed the GENIUS Act stablecoin push. www.coindesk.com

In brief Payward, which operates crypto exchange Kraken, filed for a national trust company charter with the Office of the Comptroller of …

More cryptocurrency firms are moving closer to the heart of the U.S. banking system, with a growing number of applications for federal …

Payward’s application would add a federally regulated trust company to the Kraken group’s existing Wyoming bank charter and Fed master account. www.coindesk.com

Major US banking trade groups have asked the Treasury Department and the FDIC to pause three $GENIUS Act rulemaking comment periods until …

Latest developments: Banking groups want regulators to pump the brakes on the Genius Act rollout. Major U.S. banks have asked for extended …

The Citadel-backed exchange is seeking approval to offer custody and asset services as institutional demand grows. www.coindesk.com