The post OCC Final Rule On GENIUS Act Expected By End Of October appeared first on Coinpedia Fintech News
The US Office of the Comptroller of the Currency expects to publish its final rule implementing the GENIUS Act no later than the end of...
New OCC findings put crypto restrictions in a nine-bank record, while AML, sanctions and operational assessments still shape access.
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Bank of America received a $1.2 billion bill from the US Treasury a day before its earnings report.
On Tuesday, the Treasury hit the second-largest US bank with more than $1.21 billion in anti-money-laundering and sanctions penalties. The bank said...
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...
