Fed Proposes Rule Forcing Stablecoins to Hold Fully Liquid Reserves
The Federal Reserve proposes liquid reserve backing, standardized capital rules, and a bank application process for stablecoin issuers under the GENIUS Act.
US OCC actions moving crypto firms and stablecoin issuers toward national bank and trust charters under GENIUS Act implementation.
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.