Revolut has received conditional approval from the Office of the Comptroller of the Currency to form a U.S. national bank, with a 2027 launch, a $95 million capital injection and stablecoin service planned if regulators grant the remaining clearances. Conditional…
Revolut says it has received preliminary approval from a key U.S. banking regulator as it seeks to become a bank in the country.
The Block•Sarah Wynn3 Sept
OpenReserve raised $25M in a seed round led by a16z crypto to build a blockchain-native US national bank with OCC approval and a compliant
CryptoBriefing•Editorial Team3 Sept
Revolut filed with the OCC and FDIC on March 4 to establish Revolut Bank US, an insured national bank that would take deposits, issue credit cards, make loans, and connect directly to Fedwire and ACH. Nearly six months later, that application remains pending, while federal regulators have spent the same stretch conditionally approving or converting […]
CryptoSlate•Gino Matos3 Sept
Revolut's US banking license could accelerate fintech innovation, challenging traditional banks and integrating digital assets into mainstream finance.
CryptoBriefing•Editorial Team3 Sept
Sheikh Tahnoon bin Zayed al Nahyan, the UAE’s national security advisor and brother of its president, holds the single largest stake in WLTC Holdings through StringZ Holding RSC. The Trump family owns 38%. On August 14, the OCC granted this…
UAE-linked investors hold 49% of World Liberty Financial’s planned crypto bank venture after the OCC’s preliminary approval for USD1 services.
OCC bank charter approvals, some tied to crypto firms, have increased during Trump's second term.
AMBCrypto•Benjamin Njiri28 Aug
World Liberty Financial won conditional OCC approval for a trust bank tied to USD1, with a Tahnoon-linked entity holding 49% of its venture.
The OCC revised bank supervision manuals and proposed dividing legal breaches into substantive and technical violations under a risk-based model.
The new rule enhances regulatory clarity, potentially reducing arbitrary enforcement and fostering a more predictable banking environment.
CryptoBriefing•Editorial Team27 Aug
Congress gave agencies one year to write stablecoin rules. They missed it by four months and counting. The OCC expects a final rule by November, Tether still lacks a reciprocity determination, and the effective date keeps sliding.
Polymarket odds collapsed from 82 percent to 16 percent. The Senate returns September 14 with 14 working days and three unresolved disputes. Meanwhile the SEC, FASB, and OCC are writing rules that do not need a single congressional vote.
Zerohash filed a narrower national trust bank application after the OCC returned its first bid, opening public comments through Sept. 17.
CoinDesk•Jesse Hamilton25 Aug
The Trump family's entry into crypto banking could reshape regulatory landscapes, raising potential conflicts of interest and influencing stablecoin adoption.
CryptoBriefing•Editorial Team23 Aug
OCC Comptroller Jonathan Gould told the Wyoming Blockchain Symposium the agency is moving at a rapid pace to beat a January statutory deadline, after already missing an earlier July target.
The OCC is stepping on the gas to finalize rules by November to implement a stablecoin law signed by President Trump.
The Block•Sarah Wynn19 Aug
The US banking regulator released a 376‑page proposal in February, calling for public comment on rules to implement the stablecoin bill ahead of its January 2027 effective date.
Cointelegraph•Cointelegraph by Turner Wright19 Aug
The OCC's regulatory framework could boost stablecoin legitimacy, potentially accelerating institutional adoption and influencing market dynamics.
CryptoBriefing•Estefano Gomez19 Aug