Office of the Comptroller of the Currency (OCC)

The crypto industry, including Ripple and Coinbase, defends their national trust charters granted by the OCC against accusations from Sen. Elizabeth Warren, who called them unlawful. The Digital Chamber rejected Warren's claims, asserting the legitimacy of the charters.

Senator Warren questions the US Comptroller of the Currency about approval of crypto trust charters and requests communications related to Donald Trump. The inquiry is regarding potentially related charter approvals. The senator is seeking transparency in the agency's decision-making process.

Senator Warren criticizes the OCC over its handling of crypto trust charters, including Ripple and Coinbase. The OCC granted conditional approvals to several firms, including Circle, Ripple, BitGo, Fidelity, and Paxos. This move has sparked criticism from Senator Warren.

Banks are pushing for last-minute changes to stablecoin yields before Wednesday's markup, but Trump has stated he won't let it happen. The banking lobby, including the American Bankers Association (ABA) and Bank Policy Institute (BPI), is concerned that trillions could leave banks if stablecoins are allowed to pay yields. The outcome may affect the future of stablecoins and their ability to pay interest.

Kraken's parent company has applied for an OCC charter, a move towards banking, following similar approvals for other companies like Coinbase and Ripple Labs. The US banking regulator has already approved charter applications for several notable companies in the industry. This development suggests a growing trend of cryptocurrency and financial technology companies expanding into traditional banking.

Kraken's parent company is bidding to become a federal crypto bank by applying for an OCC charter, which would allow it to operate nationally. The move aims to legitimize cryptocurrency banking in the US. Kraken is seeking federal regulatory approval.

Galoy is expanding its Bitcoin-native core banking platform in the U.S., offering six integrated use cases including Bitcoin-backed lending and Lightning payments. The platform acts as a 'sidecar' to existing systems, addressing operational and regulatory challenges for banks and credit unions.

Wanchain has enabled cross-chain functionality for RLUSD, a regulated stablecoin custodied by BNY Mellon and approved by NYDFS and OCC, across XRP Ledger, Ethereum, Wanchain, and Cardano. The decentralized bridge allows DeFi applications like cross-chain lending, arbitrage, and yield farming without centralized exchanges.

A banking group has requested an additional 60 days to comment on a US stablecoin bill after the Office of the Comptroller of the Currency (OCC) finalized its stablecoin rulemaking. The letter was sent to four US government agencies, highlighting the need for extended review time.

A banking group has requested an additional 60 days to comment on a US stablecoin bill after the Office of the Comptroller of the Currency (OCC) finalized its stablecoin rulemaking. The request was made in a letter to four US government agencies.

Coinbase received conditional approval from the Office of the Comptroller of the Currency (OCC) to operate as a national trust company, allowing it to act as a federally regulated custodian for digital assets. The approval is seen as a step toward institutional adoption but has sparked debate due to Coinbase's past SEC lawsuit and its current opposition to the CLARITY Act draft language.