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.
Revolut filed with the OCC and FDIC on March 4 to establish Revolut Bank US, an insured national bank that would take deposits, issue credit cards, make loans, and connect directly to Fedwire and ACH. Nearly six months later, that application...
BitcoinWorld
U.S. Banking Regulators Move to Curb ‘Operation Choke Point 2.0’ with New Rules on ‘Unsafe or Unsound’ Practices
U.S. banking regulators are taking steps to narrow the definition of ‘unsafe or unsound practices’ in bank supervision, a...
Eric Trump signed a promise not to interfere with his family’s new stablecoin bank. So did a manager for the Abu Dhabi entity that reportedly owns the largest piece of it.
Those promises are called passivity commitments, and regulators use them to...
BitcoinWorld
ZeroHash Resubmits Application for U.S. Federal Trust Bank Charter
ZeroHash, a crypto infrastructure provider, has resubmitted its application to the U.S. Office of the Comptroller of the Currency (OCC) for a federal trust bank...
