OCC Approves Coinbase Ripple Bitgo Charters
Senator Warren intensifies scrutiny on OCC trust charters, impacting @Coinbase, @Ripple, and @Bitgo; Bitgo CEO defends fiduciary custody model as stronger consumer protection. #Update #Legal
OCC
OCC Approves AI-Native Clearing Bank Launch
OCC conditionally approves Augustus Bank N.A., the first AI-native stablecoin clearing bank in the U.S.; Ferdinand Dabitz to become youngest CEO if fully approved. #Update #Banking
Kraken Targets OCC Charter for Custody
@Payward, parent of Kraken, files OCC application for a national trust company to enhance institutional digital asset custody, aiming to expand U.S. client services. #Update #Legal
Stablecoin Rules Urged by Circle
Circle supports OCC’s GENIUS Act proposal for national stablecoin licensing, emphasizing uniform standards to reduce arbitrage and enhance trust in digital dollars. #Update #Crypto $USDC
XRP Surges Amid FedNow Expansion
The Federal Reserve’s proposal to expand FedNow capabilities may position $XRP for increased relevance in US payment infrastructure, aligning with Ripple’s strategic vision. Crypto $XRP
Coinbase Receives OCC Nod No Bank
Coinbase receives conditional OCC trust charter approval, signaling a federal oversight shift while maintaining non-bank status for crypto custody. #Update #Crypto
Crypto Giant Revolut Files for US Banking License
@Revolut files for a U.S. banking license with the OCC, aiming for direct access to payment networks and potential lending products. This follows Kraken’s recent Federal Reserve master account approval. #Update #Crypto
Stablecoin Expansion as ZeroHash Seeks Bank Charter
@ZeroHash applied for a National Trust Bank Charter from the OCC to issue stablecoins and manage digital assets under federal oversight, expanding its services across the U.S. #Update #Crypto
Stablecoin Yield Rewards Remain Untouched by OCC
The OCC’s proposed rulemaking under the GENIUS Act may restrict stablecoin yield payouts, raising concerns among crypto firms about compliance and potential bans on interest payments. #Update #Crypto $USDC
Crypto.com Secures Approval for US Custodian Bank
@Crypto.com received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank for digital asset custody services. #Update #Crypto $CRO
Bitcoin vs XRP 2014 Investment Returns
Scott Matherson’s latest piece explores the potential returns from a $500 investment in $BTC and $XRP since 2014, highlighting significant growth patterns. #Update #Crypto $BTC
XRP Targets $100 Institutional Price Surge
Crypto pundit XRP Queen claims $XRP could reach $100, citing institutional interest and Ripple’s infrastructure moves. Current price at $1.95. #Update #Crypto $XRP
Crypto: Fed Withdrawal Criticized by Lummis
Republican Senator Cynthia Lummis criticizes the Federal Reserve’s withdrawal of crypto guidelines as superficial, citing ongoing reputation risk and regulatory issues. #Update #Crypto $BTC (-3) ↘