BUSINESSTHE BLOCK
Wise plans to resubmit national trust bank application under GENIUS Act framework
Wise intends to resubmit its application for a national trust bank under the GENIUS Act framework. The OCC has conditionally approved multiple stablecoin-focused entities since December.
Related Signal
Adjacent reporting
- Stablecoin firm Circle wins final OCC approval to open national trust bank
- Circle (CRCL) Wins Final OCC Approval for National Trust Bank
- Morgan Stanley launches stablecoin reserves fund aligned with GENIUS Act requirements
- Fidelity launches GENIUS-aligned money market fund for stablecoin issuers
- Banks seek to slow down implementation of crypto's GENIUS Act on stablecoin oversight
- The GENIUS Act opened the door for stablecoins, but regulators want to narrow it