Rain has filed with the OCC to launch a New York trust bank for stablecoin custody, reserve management, and dollar-backed token issuance for institutions.
At the height of the Digital Asset Market CLARITY Act debate, JP Morgan CEO Jamie Dimon dared crypto companies: “If you want to be a bank, become a bank, then you can do what you want.” Fast-forward to the present, more crypto-native firms are doing...
The Independent Community Bankers of America (ICBA) has sued the Office of the Comptroller of the Currency (OCC). The October 2 complaint alleges the OCC lacks the power to charter non-fiduciary crypto firms as national trust banks.
The lawsuit was...
The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct. 2, two weeks after the agency approved Agora National Trust Bank, Catena Trust Bank and Bastion Platforms. American Banker reported that the complaint...
ICBA filed an Administrative Procedure Act lawsuit asking a federal court to block the OCC from granting national trust bank charters to crypto companies.
Bastion, the stablecoin infrastructure provider, received conditional OCC approval to operate as a national trust bank for enterprise stablecoin custody and issuance.
Washington’s stablecoin debate is about characteristics: who can issue one, what has to back it, and how it gets audited. The Federal Reserve, the US central bank, and the OCC, the regulator that supervises the country’s national banks, cannot...
Proposed OCC redemption extensions leave buyers and conversion providers to finance an earlier exit when they pay before recovering dollars.
The post Proposed stablecoin rules might guarantee your dollar while making you wait a week to spend it...
Bitcoin trades near $77,250 three days before the Federal Reserve decides on interest rates, with futures markets pricing an 86.5% chance of a quarter-point hike on Wednesday.
Custodia Bank CEO Caitlin Long argues the bigger shift sits elsewhere....
Block submitted an OCC application for Builders Bank, a proposed uninsured national trust bank focused on bitcoin, stablecoins and related custody services.
