The Office of the Comptroller of the Currency is actively involved in the regulatory landscape of crypto firms, challenging and granting national trust bank charters for crypto activities.
5 reports, 4 independent
Updated Sep 7
Gone quiet
Reached 3 outlets in its first 24 hours
- Reports
- 5
- Developments
- 7
- Repetition
- 40%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The Office of the Comptroller of the Currency is actively involved in the regulatory landscape of crypto firms, challenging and granting national trust bank charters for crypto activities.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Office of the Comptroller of the Currency is proposing rules to govern stablecoin issuers under the GENIUS Act.Sub-event
OCC grants regulatory approvals to digital asset firms.1 source
- Circle, Coinbase, and Crypto.com received US charter approvals, while Wise plans a new charter application.Sub-event
- US regulators rejected Wise Group plc's application for a national trust bank charter.Sub-event
- Circle is seeking approval from the Office of the Comptroller of the Currency to establish a national trust bank.Sub-event
OCC actions regarding bank charters for crypto firms, involving Elizabeth Warren, Circle, and Coinbase.1 source
- Multiple crypto firms, including Ripple and Circle, applied to the OCC seeking a bank charter.
Keep exploring
The entities involved
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Office of the Comptroller of the Currency
American federal government organization
- The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Federal Reserve System are refocusing their joint supervision on material financial risk.
- The Federal Reserve is joining forces with the National Credit Union Administration and the Office of the Comptroller of the Currency to push stablecoin identification standards.
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Elizabeth Warren
American politician (born 1949)
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Circle
peer-to-peer payments technology company
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.
- Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.
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Coinbase
American company that operates a cryptocurrency exchange platform
Related events
- BLOCK applied to the OCC for a national trust bank charter to allow custody of Bitcoin and stablecoins.
- Pending U.S. crypto legislation involving Coinbase.
- Advocacy groups are funding efforts to push for regulatory guidelines for digital commodities.
- The London-based company Revolut has secured conditional approval for a US bank charter from the Office of the Comptroller of the Currency, pending final review by the FDIC.
- Fidelity National Information Services is seeking regulatory approvals for new bank charters and is involved in deposit insurance applications with the OCC and FDIC.
Coverage
Newest first; wire copies grouped- funds-europe.com
- yahoo.com
- cointelegraph.com
- Yahoo FinanceEveryone wants to be a bank now. Banks aren’t happy about it. A lot of companies that are not in the banking business are suddenly applying for new US banking charters, from automakers General Motors
- Unknown outlet