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The Office of the Comptroller of the Currency (OCC) has granted Augustus conditional approval to establish Augustus Bank, N.A., a clearing bank built from the ground up around stablecoin and artificial intelligence (AI) infrastructure. Augustus Clears First OCC Hurdle for AI Clearing Bank The New York-based company, formerly known as Ivy, announced the conditional approval … Read more
Community bankers are pushing back hard now that crypto exchanges are applying for national trust bank charters, with the Independent Community Bankers of America (ICBA) calling the move a threat to financial stability and consumer protections. At the same time, other bankers are concerned with the CLARITY Act and stablecoins. ICBA Tells OCC to Rescind … Read more
Payward, the parent company of Kraken, has filed an application with the Office of the Comptroller of the Currency for a national trust company charter aimed at expanding federally regulated custody services for digital assets. Kraken’s Parent Files OCC Trust Charter Application to Serve U.S. Institutional Clients If approved by the OCC, the new entity … Read more
Circle urged the OCC to finalize clear, consistently applied GENIUS Act rules for payment stablecoin issuers. The company said the proposed framework should support reliable redemption and strong risk controls for regulated digital payment instruments. Circle Backs National Stablecoin Licensing Standards Circle Internet Group (NYSE: CRCL) revealed May 5 that it had submitted comments on … Read more
Stablecoins could face disrupted distribution under proposed OCC rules that broaden yield restrictions beyond issuers. Consensys warned the framework may impact related third parties, DeFi access, and multi-brand issuance under the GENIUS Act. Key Takeaways: Stablecoins face disruption as OCC rules may expand yield limits to third-party partners. Consensys argues proposal misclassifies DeFi activity and … Read more
Regulatory tensions rise as Coinbase’s banking ambitions draw sharp opposition, highlighting risks tied to oversight gaps and institutional integration within U.S. financial systems. Key Takeaways: U.S. banking group criticized OCC’s conditional approval of Coinbase, warning the move could expose U.S. consumers to risk. Coinbase Global’s trust plan targets institutional custody, deepening crypto ties to banking. … Read more
Coinbase’s OCC trust charter approval cements a federally regulated path for crypto infrastructure, with CEO Brian Armstrong clarifying it is not becoming a bank as the firm advances institutional custody ambitions without entering traditional lending or deposit activities. Coinbase OCC Trust Charter Signals Federal Crypto Oversight Shift Crypto exchange Coinbase (Nasdaq: COIN) said it is … Read more
Coinbase has received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust company charter, the company announced Thursday. Coinbase Moves Closer to Federal Crypto Custody With OCC Approval According to a Bloomberg report, the OCC granted the preliminary green light to Coinbase National Trust Company, which Coinbase filed … Read more
EDX Markets Holding Company, Inc. applied to the Office of the Comptroller of the Currency (OCC) this week, seeking approval to organize EDX Trust, National Association as a de novo national trust bank in Chicago. EDX Markets Holding Company Files OCC Charter Application for Crypto Trust Bank The application was made public on Wednesday, April … Read more
MIAX joins Nasdaq and NYSE in listing options on Bitcoin ETFs. Cboe will start in December. Go to Source