#OCC

Highlights: Zerohash filed a second application after the OCC returned its first one. Zerohash wants the OCC to review a narrower trust bank plan this time. The public can comment on the new application until Sept. 17. Zerohash submitted a […]

Highlights: World Liberty Financial secures OCC preliminary approval to set up a national trust bank.  WLFI said the proposed bank will handle USD1 issuance and redemptions.  WLTC Holdings LLC will serve as the sponsor of the new trust bank. Donald […]

Highlights: National bank charters could give more eligible crypto companies a way into the U.S. banking system. The OCC wants to encourage more new banks after years of fewer applications. Crypto firms still need to meet strict rules before they […]

Highlights: Circle has gained a New York Trust Charter for its newly regulated state trust company. NYDFS approval builds on Circle’s 2015 BitLicense and decade-long regulatory relationship. Jeremy Allaire noted that the charter fulfills a longstanding goal and strengthens USDC’s […]

Highlights: Circle has secured final OCC approval to launch a national trust bank focused on digital asset custody. The new bank will support USDC custody first, with reserve management planned for a later stage. Circle may eventually serve selected institutional […]

Highlights: Elizabeth Warren criticized the OCC for approving crypto trust charters without full banking safeguards. Warren said some crypto firms may be using trust charters to act like banks. The senator asked the OCC to share charter documents and legal […]

Highlights: U.S. community bankers oppose Coinbase’s OCC trust charter approval, warning it could put consumers at risk. ICBA says Coinbase does not meet banking law standards and criticized the OCC’s trust charter framework. Coinbase approval is conditional and still depends […]

Highlights: Pierre Rochard warned U.S. regulators that unclear Basel rules could leave Bitcoin banking in dangerous uncertainty. He said banks may avoid Bitcoin services if regulators do not clearly explain capital treatment. Rochard urged regulators to address Bitcoin directly before […]

Highlights: Kraken Financial can now access the Federal Reserve master account system after approval. The approval lets Kraken move dollar funds directly without relying on intermediary banks. More crypto firms are applying for U.S. banking charters as regulators review digital […]

Highlights: The GENIUS Act proposal sets clear federal rules for payment stablecoin issuers in the United States. Issuers must hold one-to-one liquid reserves and redeem stablecoins at par within two business days. The draft addresses the yield dispute and could […]

Highlights: Bankers Association urges OCC to slow crypto charter approvals until the GENIUS Act rules are clear. They said uninsured crypto banks could risk customer assets, cybersecurity, and regulatory compliance gaps. ABA wants stricter naming and transparency rules to protect […]

Highlights: Nomura-backed Laser Digital has applied for a US national bank charter with the OCC. If approved, the license allows Laser Digital to operate under a unified regulation. Laser Digital will also be allowed to bring some of its products […]