#OCC

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 […]

Highlights: OCC says the World Liberty Trust Charter review will follow standard rules despite conflict concerns. The regulator rejected calls to pause the bank review tied to the Trump family ownership. Crypto firms are gaining clearer access to U.S. banking […]

Highlights: Elizabeth Warren asked regulators to pause the World Liberty Bank Charter review until Trump divests his family stake. Warren warned that stablecoin oversight could lose credibility if regulators supervise a president’s own business. Senate lawmakers have delayed crypto legislation […]

Highlights: PayPal has filed for a bank charter to enhance small business lending and banking services. The new bank will provide FDIC-insured deposits and savings accounts to customers. PayPal’s bank charter is part of a larger trend of fintech companies […]

Highlights: OCC’s Interpretive Letter 1188 allows banks to perform riskless principal crypto transactions. Banks can now offer digital assets to clients without holding the crypto themselves. The guidance removes prior restrictions and enables broader, regulated crypto access for customers. The […]