Rain joins a growing queue of crypto firms seeking federal trust charters, while community banks have just asked a court to overturn the OCC rules underpinning them. Stablecoin payments infrastructure provider Rain has filed an application to establish a national trust bank headquartered in New York, adding to a wave of crypto companies seeking bank…

OKX Money lets users hold, send and spend dollar-backed stablecoins, with qualifying USDG balances earning up to 10% APY.Crypto exchange OKX has launched OKX Money, a stablecoin savings and payments app, in parts of Latin America, Africa, South Asia and the Middle East, that will pay some customers as much as 10% yield.The app allows…

Fairshake said it would financially back 32 House candidates who all voted in favor of the CLARITY market structure bill in 2025, as the legislation remains in limbo in the Senate.Fairshake, the political action committee (PAC) backed by contributions from Coinbase, Ripple Labs and Andreessen Horowitz, announced that it would initially spend a combined $6…

The bureau under the US Treasury said it was withdrawing two proposed rules on unhosted wallets and crypto mixers ”as part of the Trump Administration’s deregulatory agenda.”The US Treasury’s Financial Crimes Enforcement Network (FinCEN) withdrew two proposed rules affecting its enforcement of crypto companies, including one on “convertible virtual currency mixing.” According to a Monday notice,…

The payments infrastructure company is seeking federal approval to offer stablecoin custody and related fiat services through a limited-purpose national trust bank. Payments infrastructure company Modern Treasury has applied to establish a US national trust bank that would provide digital asset custody and related fiat services.According to Monday’s announcement, the company submitted an application to…

CCI CEO Ji Hun Kim said that the organization “remains confident“ in the OCC’s approval of charters for crypto companies, despite a recent lawsuit and pushback from some lawmakers.The Crypto Council for Innovation (CCI) has backed the Office of the Comptroller of the Currency’s (OCC’s) move to approve several charters for crypto companies, saying a…

S&P Global’s new framework evaluates digital asset lending vaults across six risk categories as deposits in the sector climb to about $10 billion. S&P Global Ratings has launched a risk assessment framework for digital asset lending vaults as the onchain investment products gain traction.Read more

CFTC Chair Michael Selig claimed that the agency was using its “existing statutory authorities“ to address crypto regulation after Congress failed to advance a market structure bill.US Commodity Futures Trading Commission (CFTC) Chair Michael Selig said that the agency will move forward on crypto regulation at the direction of President Donald Trump “with or without…

Weak US jobs data has narrowed expectations for another Fed hike in October, offering Bitcoin some relief as investors continue to embrace the debasement trade. Bitcoin (BTC) is coming off its best third quarter since 2017, but extending the rally may prove more difficult as Treasury yields above 5% offer investors an increasingly attractive alternative…

Bitcoin’s highest weekly close in eight months formed low-timeframe resistance at the start of Monday’s US trading session.Bitcoin (BTC) fluctuated around $86,000 after Monday’s Wall Street open as US bond yields continued to rise.Key points:Read more