OCC

Federal Reserve and OCC supervisors contacted U.S. banks this week to check for vulnerabilities after the Binance hack.

The OCC finalized its GENIUS Act stablecoin rules, effective January 2027, easing reserve limits and leaving the fight over third-party rewards unresolved.

Top crypto companies have received conditional approval from the U.S. federal banking regulator.

Circle won final OCC approval to establish a national trust bank, allowing it to place USDC reserves under federal oversight and expanding its regulated digital asset custody business.

CEO Mike Belshe’s firm, now operating as a federally chartered OCC trust bank, powers custody for major Bitcoin ETFs, stablecoins like World Liberty Financial’s USD1, and SoFiUSD, highlighting institutional adoption of regulated crypto infrastructure.

Coinbase has received conditional approval from the OCC to establish Coinbase National Trust Company, according to a company statement. 

The U.S. Department of the Treasury formally began implementing the Guiding and Establishing National Innovation for the GENIUS Act.

EDX Markets, an exchange backed by Citadel Securities, applied for a national trust bank charter with the OCC.

The OCC has conditionally approved five crypto firms — Ripple, Circle, Fidelity Digital Assets, BitGo, and Paxos — to become national trust banks, advancing the integration of digital assets into U.S. federal banking.

The Office of the Comptroller of the Currency (OCC) clarified today that national banks may conduct crypto-related “riskless principal” transactions.