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The stablecoin issuer, Circle Internet Group, applied to the Office of the Comptroller of the Currency (OCC) on June 30 to establish a US trust bank called First National Digital Currency Bank. If OCC approves, the trust bank would oversee the companyās reserves of USDC (its dollar-pegged stablecoinā¦
Rippleās stablecoin is getting a serious upgrade in trust and credibility now that Wall Street is officially involved.Ripple has announced that BNY Mellon, the oldest bank in the U.S., will act as the primary custodian for its U.S. dollar-backed stablecoin, Ripple USD (RLUSD). This means BNY Mellon ā¦
Key point:Ripple Labsā application for a US banking license has acted as a catalyst for XRP, paving the way for a potential rally to $2.65.Ripple Labs CEO Brad Garlinghouse said in a post on X that the company āis applying for a national bank charterā from the Office of the Comptroller of the Currenā¦
USDC stablecoin issuer Circle just applied to become a US national trust bank. But the bigger story isnāt bankingāitās stablecoin dominance.Ā As Congress moves to regulate stablecoins with the GENIUS Act, Circleās move could signal a coming power shift from USDT to USDC in the US market.Circleās Trusā¦
Circle Internet Group Inc. , a top-tier stablecoin issuer, has applied for a national trust bank license in the United States with the Office of the Comptroller of the Currency (OCC). The behemoth stablecoin issuer intends to establish the First National Digital Currency Bank, which would manage itsā¦
The United States Federal Reserve moved to eradicate reputational risk as part of its examination program for banks, opting instead to replace the term with more specific financial risk discussions, according to a Monday release.Ā The move aims to provide clearer guidelines for banking supervision. Iā¦
Key takeaways: Bitcoin rallies to $101,707 against a backdrop of strong fundamentals in the regulatory and traditional finance space.Traders are confident that $100,000 will hold as support.Bitcoin (BTC) price rallied above $100,000 on the heels of US President Donald Trumpās announcement of a ātradā¦
The U.S. Office of the Comptroller of the Currency said that national banks are permitted to buy and sell customers' crypto assets on their behalf, according to its interpretive letter released Wednesday.The regulator also noted that national banks can outsource crypto custody and trade execution seā¦
Stuart Alderoty, chief legal officer at Ripple, hasĀ opined that the Federal Deposit Insurance Corporation (FDIC) tried to send "shockwaves" throughout various banks with its intimidating letters."As a former bank GC, these letters scream one message: shut down everything crypto-related ASAPānot justā¦
Nasdaq confirmed to Decrypt that options on BlackRock's iShares Bitcoin Trust ETF will begin Tuesday, following CFTC and OCC moves.
The post CFTC Approval Brings Bitcoin Spot ETF Options Closer to Launch, Bitcoin Eye $100K appeared first on Coinpedia Fintech News The U.S. Commodity Futures Trading Commission (CFTC) has just approved the listing of Bitcoin spot ETF options, a major step toward bringing Bitcoin to Wall Street. Butā¦
Trumpās team is reportedly looking to fill key roles at the CFTC, FDIC, and OCC as well.