Financial institutions want regulators to delay decisions on cryptocurrency banking plans US banks and credit unions are pushing back against the growing influence of cryptocurrency companies by calling on federal regulators to delay approving banking charters for digital asset firms. In a letter sent to the Office of the Comptroller of the Currency (OCC), major
Ripple is putting its legal fight with the SEC behind it, allowing the company to move forward Ripple Labs is the latest cryptocurrency company to seek formal recognition in the US banking sector. On Wednesday, Ripple CEO Brad Garlinghouse confirmed that the firm has submitted an application for a national bank charter to the Office
The company behind the USDC stablecoin hopes to offer custodial and digital asset services Circle, the company behind the USDC stablecoin, has officially submitted an application to operate as a federally regulated trust institution in the US. If approved by the Office of the Comptroller of the Currency (OCC), this move would establish the “First
The cryptocurrency exchange may be looking to become more mainstream Coinbase is exploring the possibility of applying for a US federal bank charter, according to a spokesperson for the company. While no official decision has been made, the crypto exchange confirmed to Cointelegraph that the idea is under active consideration. The potential move aligns with
The bank has yet to conform to previous orders the Fed gave it to improve its operations The US Federal Reserve has issued a cease-and-desist order to the crypto-friendly United Texas Bank, citing issues with the bank’s risk management systems, particularly in relation to its crypto clients. This order from yesterday follows a May examination
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