The Blockchain Association submitted a comment letter supporting the Fed's proposal to permanently remove reputation risk from bank supervision, arguing it was weaponized to debank crypto firms and urging alignment with OCC and FDIC.
Circle, Ripple, Morgan Stanley among major firms applying for OCC trust bank charters to offer crypto custody services. Regulatory clarity and institutional demand mirror the 1960s Wall Street paperwork crisis that led to DTC.
The US Treasury is preparing stricter rules for stablecoin issuers, including systems to block, freeze, or reject certain transactions. The plan ties into the GENIUS Act and expands compliance expectations around sanctions, suspicious activity monitoring, and internal controls.
The Federal Reserve, FDIC, and OCC issued a FAQ clarifying that tokenized securities face the same capital treatment as traditional securities, reflecting technology neutrality. Blockchain type does not affect capital rules.
Stablecore launched an early access stablecoin and digital asset program for U.S. credit unions managing roughly $25 billion in combined assets, enabling them to test blockchain services before full rollout.
FDIC-insured Cross River Bank adopts Ripple’s settlement protocol to offer instant transfers between the U.S. and Western Europe for business and retail clients. The move marks one of the largest U.S. bank integrations of the protocol.
Crypto X shifted toward policy and macro in the past 12 hours, with focus on Kevin Warsh’s Fed nomination, stablecoin yield rules, the Clarity Act, Strategy’s latest BTC purchase, and Australia’s tax proposal.
X Money is now rolling out to U.S. X Premium users, offering 6% APY, 3% unlimited cashback, and up to $10 million in FDIC coverage. The service remains unavailable in Taiwan.
