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OpenReserve Gets Preliminary Approval from US OCC, Prepping National Bank for On-Chain Settlement
OpenReserve Holdings, backed by Andreessen Horowitz, has secured preliminary approval from the U.S. Office of the Comptroller of the Currency (OCC) to charter a national bank focused on on-chain settlement, following the close of a $25 million seed round.
Revolut says it has received conditional approval from the U.S. OCC and is one step closer to establishing a bank in the U.S.
Revolut said it has obtained preliminary approval from the OCC, a key U.S. banking regulator, describing this as an important step toward establishing a bank in the United States. The specific conditions and timetable have not been made public.
OCC Races the Clock: GENIUS Act Stablecoin Rules to Be Finalized by November
The U.S. Office of the Comptroller of the Currency (OCC) is picking up the pace, aiming to finalize stablecoin regulatory rules by November to implement the GENIUS Act signed into law by Trump—pushing this federal stablecoin law into actual enforcement.
Trump-Backed World Liberty Financial Gets Preliminary Approval for National Trust Bank
The OCC issued conditional approval on Friday for World Liberty Financial's national trust bank application, moving the Trump-backed venture officially into the next stage of traditional banking oversight.