Ripple CEO Brad Garlinghouse announced on October 26 that the U.S. Office of the Comptroller of the Currency (OCC) had granted final approval for Ripple National Trust Bank (RNTB). The decision completes the bank’s chartering process, nearly a year after the regulator granted conditional approval in December 2025. Finally, the
The U.S. Office of the Comptroller of the Currency (OCC) has finalized its rules governing payment stablecoin issuers under the GENIUS Act, establishing requirements for reserves, redemptions, custody and risk management. The rules are scheduled to take effect on January 18, 2027. Announced on October 21, the final rule sets
The Independent Community Bankers of America (ICBA) has sued the U.S. Office of the Comptroller of the Currency (OCC) over its decision to allow cryptocurrency companies to obtain national trust bank charters. The banking group filed the lawsuit on October 2 in the U.S. District Court for the District of
Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish Connectia Trust, a national trust bank focused on digital assets. The approval moves Sony Financial Group closer to launching a U.S. dollar-backed stablecoin through its planned American subsidiary. Sony Bank announced that
A banking lobby group hailing from the US is looking to take legal action against the Office of the Comptroller of the Currency over the agency permitting national trust bank charters to crypto companies. An unknown source close to the lobby’s thinking has informed The Guardian that the Bank Policy
Morgan Stanley has applied for a de novo national trust bank charter with the Office of the Comptroller of the Currency (OCC), signaling a deeper push into digital asset services. The application, filed under the name “Morgan Stanley Digital Trust, National Association,” would allow the firm to custody cryptocurrencies and
The OCC has proposed rules to implement the GENIUS Act, and aksing the public feedback for the proposal within 60 days of publication, as the move is aimed to support innovation while ensuring safety in the growing stablecoin market. Firstly, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS)
The American Bankers Association has filed a letter to the Office of the Comptroller of the Currency. The letter has requested a slowdown on the approval of cryptocurrency trust bank charters. According to the American Bankers Association, the regulators should wait for greater clarity to emerge on the procedures of
World Liberty Financial, a cryptocurrency company with strong ties to the current President of the United States, Donald Trump, has also reportedly applied for a national trust bank charter with the OCC (Office of the Comptroller of the Currency) in the United States. The proposed charter is expected to pave
In a major policy shift, the Office of the Comptroller of the Currency (OCC) has officially confirmed that national banks in the U.S. can buy, sell, and manage crypto assets under their custody. Even more significantly, they are now permitted to outsource crypto custody and execution services to third-party providers.
