The OCC is opening the door wider for crypto firms to seek federal bank and trust charters, but approval still depends on capital, controls, and legal fit. It’s progress for Bitcoin and digital asset businesses — not a free pass, and not the end of regulatory fights.
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EDX Markets has secured $76 million in fresh funding, led by SBI Holdings, to expand its institutional crypto trading, clearing, and settlement infrastructure. The raise also supports its push for a U.S. trust bank and future stablecoin-based rails for professional markets.
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The OCC has granted conditional approvals for five national trust bank charters, but Circle is not named in the filing. That matters: it’s not a final green light, and in crypto, “conditional” is not the same as “done.”
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Circle has won conditional OCC approval for a national trust bank charter, a meaningful step toward deeper federal legitimacy — but it still has boxes to tick before operating under the charter. Investors liked the signal, sending shares higher, even if the fine print says this is far from a done deal.
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Revolut plans U_S_ bank push with stablecoin services in focus is moving deeper into U.S. banking, and stablecoins are a central part of the plan. The British fintech wants to launch a U.S. bank next year, pairing traditional banking products with crypto trading, multi-currency accounts, and stablecoin services that could make cross-border money movement a […]
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Elizabeth Warren is taking aim at the OCC’s approval of national trust charters for crypto firms, while The Digital Chamber says the regulator acted within the law and finally gave digital asset businesses a sane path into federal oversight. Warren’s claim: at least nine crypto firms may have received charters they don’t qualify for The […]
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Senator Elizabeth Warren is taking a hard swing at the Office of the Comptroller of the Currency (OCC), accusing the federal bank regulator of giving crypto firms bank-like perks through national trust charters without forcing them to play by bank-level rules. Warren says the OCC is handing crypto firms regulatory loopholes Nine national trust charters […]
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BlackRock is pushing back on a proposed 20% reserve cap for stablecoin issuers under the GENIUS Act, and the fight goes to the heart of how regulated digital dollars should work in the U.S. BlackRock vs. stablecoin reserve limits GENIUS Act could reshape U.S. stablecoin regulation OCC is central to the reserve-cap debate Flexibility, liquidity, […]
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U.S. banking groups are pushing federal regulators for more time to comment on stablecoin regulation under the GENIUS Act, arguing the rules are too interconnected to rush without creating a mess. Banking groups want a 60-day extension for comment periods The OCC stablecoin framework is seen as the key starting point Regulators at Treasury, FDIC, […]
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US Banks Push Back on Crypto Charters: Regulatory Uncertainty Threatens Financial Frontier A high-stakes battle is unfolding as traditional banking titans, spearheaded by the American Bankers Association (ABA), demand that the Office of the Comptroller of the Currency (OCC) put the brakes on national trust bank charters for cryptocurrency firms. Representing a staggering $25.1 trillion […]
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