Ripple Wins Federal Approval for National Trust Bank to Back RLUSD
Ripple receives final OCC approval for a national trust bank as XRP trades near $1.30.
US OCC actions moving crypto firms and stablecoin issuers toward national bank and trust charters under GENIUS Act implementation.
Ripple receives final OCC approval for a national trust bank as XRP trades near $1.30.
The OCC is the first federal agency to finalize its GENIUS Act rules, and no longer assumes stablecoin reward arrangements are illegal.
The Federal Reserve proposes liquid reserve backing, standardized capital rules, and a bank application process for stablecoin issuers under the GENIUS Act.
Block has applied to establish Builders Bank & Trust, an uninsured national trust bank offering custody services for bitcoin, stablecoins and other assets.
Revolut receives conditional OCC approval to form a U.S. national bank offering loans, deposits, credit cards and digital-asset access in 2027.
The OCC plans to finalize GENIUS Act stablecoin rules by November, allowing it to begin processing issuer applications in early 2027.
The US Treasury seeks public feedback on proposed GENIUS Act rules covering stablecoin licensing, issuance and sales ahead of implementation.
Trump-backed World Liberty Financial has received conditional OCC approval for a national trust bank supporting its $4 billion USD1 stablecoin.
The OCC says crypto firms should have a path to becoming national banks, formalizing what has been case-by-case approval as agency doctrine, while bank lobbies consider a lawsuit against the agency.