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Crypto

Warren questions legality of OCC crypto charters including Coinbase and Ripple

U.S. Democratic Senator Elizabeth Warren, a leading advocate of stricter crypto regulation, challenged the Office of the Comptroller of the Currency\'s chartering process for crypto firms. She asked OCC head Jonathan Gould to justify the legality of nine national trust charters granted since December 2025, including entities linked to Coinbase and Ripple. Warren said the firms had not shown custody as their core business and warned the structure could enable regulatory arbitrage. She demanded related applications and internal communications by June 1.

Crypto

Augustus wins conditional U.S. approval for stablecoin-focused bank, eyes FX clearing

Augustus has received conditional approval in the United States to establish a stablecoin-focused bank, Cointelegraph reported on May 15. The Office of the Comptroller of the Currency conditionally approved Augustus Bank N.A. The company is pursuing a Dallas, Texas-based bank handling fully reserved stablecoins, AI-based compliance and automated back-office operations. Chief executive Ferdinand Davits said the bank could launch in a few months, once pre-opening conditions are met.

Crypto

Kraken parent Payward applies to U.S. OCC for national trust charter

Kraken parent company Payward has applied to the U.S. Office of the Comptroller of the Currency for a national trust company charter, The Block reported on Thursday. The application aims to establish Payward National Trust Company. Payward said it plans to offer bank-level, regulated digital asset custody and trust services to institutional and retail clients through the new entity, using existing infrastructure, risk management, compliance programmes and regulated affiliates.