The Office of the Comptroller of the Currency denied Wise’s application for a US national trust bank charter, the payments company said …
OCC
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Markets
Circle Secures OCC Approval for National Trust Bank to Custody USDC and Digital Assets
by shayaanby shayaanA leading stablecoin issuer has secured federal approval to launch a dedicated trust bank for digital asset custody services. Circle Internet Group …
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Markets
OCC chief says Democrats applying sole political pressure in World Liberty charter choice
by shayaanby shayaanThe 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
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Finance
Nomura breaks into US crypto banking as Laser Digital secures OCC conditional approval
by shayaanby shayaanLaser Digital, the subsidiary of Nomura Investment Bank, a large Japanese institution, has been given conditional approval for a trust bank charter …
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Peter Thiel-backed payments startup Augustus received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a …
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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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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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Circle urged the OCC to finalize clear, consistently applied $GENIUS Act rules for payment stablecoin issuers. The company said the proposed framework …
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Markets
Stablecoin yield rewards (likely won't be) banned under OCC proposal: State of Crypto
by shayaanby shayaanThe OCC’s proposal’s stablecoin yield procedures are the most ambiguous in that rulemaking plan. www.coindesk.com
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In brief Warren pressed OCC Comptroller Jonathan Gould to share the unredacted charter application for World Liberty Financial, citing foreign ownership and …