Stablecoin issuer Circle is facing scrutiny from prosecutors in Wisconsin and New York for allegedly delaying or refusing to comply with court orders to return stolen digital assets to scam victims. State Prosecutors Clash With Stablecoin Giant The USDC stablecoin issuer, Circle, faces mounting criticism from prosecutors in Wisconsin and New York who say the […]
The post Circle takes banking step with U.S. trust bank approval appeared on BitcoinEthereumNews.com.
Circle (CRCL), the issuer of the world’s second largest stablecoin USDC, received approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank. National trust banks are authorized to provide users with custody and fiduciary services but do not accept consumer deposits or make loans like traditional commercial banks. Shares are higher by 14% in pre-market trading. “OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the U.S. financial system,” Circle CEO Jeremy Allaire said Friday in a statement announcing the milestone. “Federal oversight of our trust bank sets a new standard for transparency, governance, and scale for Circle’s infrastructure.” The move comes as crypto firms such as Kraken, increasingly seek federal charters, licenses and banking approval
The post Circle Stock Climbs 15% in Pre-Market After Final OCC Approval appeared on BitcoinEthereumNews.com.
Circle stock climbed nearly 15% in pre-market trading Friday after Circle Internet Group (NYSE: CRCL) won final approval to open a federally regulated national trust bank. The gain reversed a sharp recent selloff. The jump followed a rough stretch for CRCL. Shares had swung from a 52-week high near $263 to near $63 as a new stablecoin rival emerged. Circle (CRC) Stock Performance. Source: Yahoo Finance Why Circle Stock Climbed on the OCC Approval The Office of the Comptroller of the Currency (OCC) cleared Circle to open Circle National Trust, a national trust bank. The decision moves Circle beyond the conditional approval it won in December 2025. Just in – @circle received final OCC approval to establish a National Trust Bank 🇺🇸 Circle received approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, N.A., a nati
Robinhood's rapid stablecoin growth signals a shift in DeFi competition, challenging established players and attracting new users to its ecosystem.
The post Robinhood’s stablecoin market cap surpasses $270M, up 100% in a week appeared first on Crypto Briefing.
The post Morning Minute: Robinhood Chain Explodes Onto the Crypto Scene appeared on BitcoinEthereumNews.com.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors rebound 3% across the board; BTC at $64.3k Circle receives OCC approval for national trust bank charter; CRCL +10% A new draft of the Clarity Act could come next week as clock ticks Polymarket seeks regulatory approval to allow margin trading Robinhood Chain memes explode as Cashcat jumps 80%, several others up 200%+ 📈 Robinhood Chain Explodes Out of the Gate, Flipping Hyperliquid and Lifting Arbitrum One week after launch, Robinhood Chain has already become one of the busiest networks in crypto. The Arbitrum-powered blockchain processed $568 million in trading volum
The post Circle Secures OCC Approval For National Trust Bank appeared on BitcoinEthereumNews.com.
USDC stablecoin issuer Circle on Friday announced it received final approval from the US Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank (FNDCB), a national trust bank that will operate under the name Circle National Trust. “OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the US financial system,” Circle CEO Jeremy Allaire said. The approval comes after Circle applied for the charter in June 2025, allowing it to establish a federally regulated trust institution and expand its digital asset custody infrastructure. Circle’s new bank begins with limited custody scope Circle National Trust will initially provide fiduciary digital asset custody services for Circle and its affiliated companies, according to the company’s approved business plan. The bank co
The post USDC Stablecoin Issuer Circle Accused of Refusing to help Scam Victims: Report appeared on BitcoinEthereumNews.com.
USDC Stablecoin Issuer Circle Accused of Refusing to help Scam Victims: Report – The Daily Hodl
No Result View All Result Source: https://dailyhodl.com/2026/07/10/usdc-stablecoin-issuer-circle-accused-of-refusing-to-help-scam-victims-report/
Crypto giant Circle is rebuffing efforts to help scam victims, law enforcement officials say. According to a report by the International Consortium of Investigative Journalists (ICIJ), the issuer of the USDC stablecoin is allegedly declining to cooperate in assisting scam victims recover their funds. The ICIJ report says some unnamed law enforcement officials are raising […]
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