33 stories tagged #OCC

  1. Wall Street Giants Eye Lawsuit Over Crypto Bank Charters
    crypto

    Wall Street Giants Eye Lawsuit Over Crypto Bank Charters

    Major US banks are considering legal action against the OCC, citing concerns over crypto firms receiving national trust charters and potentially operating with less regulatory oversight.

    3mo ago 1 min read
  2. US Regulators Affirm Equal Capital Treatment for Tokenized Securities
    finance

    US Regulators Affirm Equal Capital Treatment for Tokenized Securities

    Federal Reserve and banking agencies clarify that tokenized securities face the same capital rules as traditional assets, promoting tech neutrality in financial regulations.

    3mo ago 1 min read
  3. US Regulators: No Extra Capital for Tokenized Securities in Banks
    crypto

    US Regulators: No Extra Capital for Tokenized Securities in Banks

    US banking regulators confirm banks won't face additional capital charges for tokenized securities, citing technology-neutral rules. This clarifies treatment for blockchain-based assets.

    3mo ago 1 min read
  4. Revolut Tries Again for US Bank Charter, Appoints New CEO
    finance

    Revolut Tries Again for US Bank Charter, Appoints New CEO

    Fintech giant Revolut has submitted a second application for a US national bank charter, signaling a renewed push into the North American market and appointing a new US CEO.

    3mo ago 1 min read
  5. Revolut Seeks U.S. Banking License to Expand Operations
    finance

    Revolut Seeks U.S. Banking License to Expand Operations

    Fintech giant Revolut has applied for a U.S. banking license, a move that would allow it to operate more like a traditional bank and enhance its U.S. market presence.

    3mo ago 1 min read
  6. OCC Proposal on Stablecoin Yield: Ambiguity and Industry Impact
    finance

    OCC Proposal on Stablecoin Yield: Ambiguity and Industry Impact

    New OCC proposal under GENIUS Act creates ambiguity around stablecoin yield payouts, potentially impacting crypto companies and future legislation.

    3mo ago 1 min read
  7. Morgan Stanley Seeks Bank Charter for Crypto Custody Services
    crypto

    Morgan Stanley Seeks Bank Charter for Crypto Custody Services

    Morgan Stanley has applied for a national trust bank charter from the OCC to custody digital assets, signaling a major expansion into the cryptocurrency space.

    3mo ago 1 min read
  8. US Banking Regulator Proposes Stablecoin Yield Restrictions, Impacting Coinbase
    crypto

    US Banking Regulator Proposes Stablecoin Yield Restrictions, Impacting Coinbase

    New proposed rules from the OCC could affect stablecoin rewards programs, including Coinbase's popular USDC offering, sparking debate in the financial industry.

    3mo ago 1 min read