OCC

OCC

Policy

Crypto-friendly fintech giant Revolut files for U.S. banking license

The license would allow the firm to operate like a traditional bank and gain direct access to payment networks like Fedwire and ACH.

A Revolut card (Kay/Unsplash/Modified by CoinDesk)

Policy

ZeroHash applies for national trust bank charter to expand regulated stablecoin services

A charter would allow ZeroHash to operate under a single federal framework, rather than state-by-state rules and offer services aligned with recent legislation.

Stacks of paper files in an office (Wesley Tingey/Unsplash)

Policy

Stablecoin yield rewards (likely won't be) banned under OCC proposal: State of Crypto

The OCC's proposal's stablecoin yield procedures are the most ambiguous in that rulemaking plan.

CoinDesk

Policy

Crypto.com wins initial approval for U.S. federally regulated crypto custodian bank

The national trust charter institution would consolidate custody services under a single framework under federal oversight.

Crypto.com (Jesse Hamilton/Coindesk)

Finance

Latin America’s biggest digital bank just won a key battle to offer crypto custody in U.S.

The Brazilian digital bank announced it received conditional OCC approval to provide deposit accounts, credit cards, lending and digital asset custody in the United States.

Nubank office in Mexico. (Photo: Provided by Nubank Press Office/Modified by CoinDesk)

Finance

Revolut drops U.S. bank merger plan to seek standalone license: FT

The fintech company believes a de novo banking license under the Trump administration will be faster than acquiring an existing bank, avoiding the need to maintain physical branches.

A Revolut card (Kay/Unsplash/Modified by CoinDesk)

Policy

Crypto exchanges brace for pressure as banks like JPMorgan enter spot trading

The national banks regulator OCC released a statement signaling a shift in rules that will have significant crypto market consequences across the United States.

Wall street signs, traffic light, New York City

Finance

Circle Applies for National Trust Bank Charter

A federal trust charter would bring Circle under direct federal bank regulator oversight, aligning it with how traditional financial institutions are overseen.

(Sandali Handagama/ CoinDesk)

Policy

OCC: Banks Can Buy and Sell Their Customers' Crypto Assets Held in Custody

A new policy directive from the U.S. regulator of national banks says the institutions can also outsource crypto custody and execution to outside parties.

USOCC logo

Policy

U.S. Bank Agency Cuts 'Reputational Risk' From Exams After Crypto Sector Cites Issues

The crypto industry argued that U.S. regulators used the idea of risks to banks' reputation to pressure them to reject digital assets clients, and the OCC has answered.

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