Circle won final OCC approval to establish Circle National Trust, bringing USDC custody and future reserve management closer to federal bank oversight.
Sony Bank won preliminary OCC approval for Connectia Trust, a New York national trust bank built around dollar stablecoin issuance, reserve maintenance and Sony platform payments.
EDX Markets raised $76 million from SBI Holdings as the institutional crypto venue expands clearing, settlement and its pending EDX Trust bank plan.
Five U.S. agencies proposed GENIUS Act customer ID rules for stablecoin issuers, while excluding ownership alone and most secondary-market transfers.
World Liberty Financial's USD1 stablecoin funded a $250,000 UFC Freedom 250 bonus pool at the White House as its OCC trust-bank application nears a decision.
Coinbase said it won conditional approval for a U.S. national trust company charter as CLARITY Act odds rebounded on hopes a stablecoin-yield deal could emerge within 48 hours.
Polymarket odds for the CLARITY Act fell to 62% as major U.S. banks weighed legal action over OCC trust-charter approvals they say could let crypto firms scale bank-like services without the full banking rulebook.
Crypto.com said the OCC conditionally approved its national trust bank charter, moving crypto custody closer to a single federal rulebook in the U.S.
A River analysis says 15 of the top 25 U.S. banks by assets are offering, launching, or exploring Bitcoin custody and trading.