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
Charter
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In brief Payward, which operates crypto exchange Kraken, filed for a national trust company charter with the Office of the Comptroller of …
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More cryptocurrency firms are moving closer to the heart of the U.S. banking system, with a growing number of applications for federal …
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Markets
Kraken parent goes for the OCC charter in bid to become a federal crypto bank
by shayaanby shayaanPayward’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
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Regulation
Banks push back on GENIUS Act rules as Agora races for a federal charter
by shayaanby shayaanMajor US banking trade groups have asked the Treasury Department and the FDIC to pause three $GENIUS Act rulemaking comment periods until …
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Latest developments: Banking groups want regulators to pump the brakes on the Genius Act rollout. Major U.S. banks have asked for extended …
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Markets
Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto services
by shayaanby shayaanThe Citadel-backed exchange is seeking approval to offer custody and asset services as institutional demand grows. www.coindesk.com
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Markets
ZeroHash applies for national trust bank charter to expand regulated stablecoin services
by shayaanby shayaanA charter would allow ZeroHash to operate under a single federal framework, rather than state-by-state rules and offer services aligned with recent …
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Adoption
Zerohash joins wave of crypto firms pursuing US national trust bank charter
by shayaanby shayaanZerohash is looking to secure a United States national trust bank charter as it plans to operate a federally regulated trust bank. …
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Regulation
Binance.US eyes deeper banking ties and charter options after SEC lawsuit withdrawal
by shayaanby shayaanBinance.US, the American arm of the global crypto exchange, is pursuing expansion in the US after securities regulators dropped their 2023 lawsuit …