The post OCC Clears Sony Bank to Open Connectia Trust for USD Stablecoin Business appeared on BitcoinEthereumNews.com.
Key Takeaways Sony Bank secured conditional OCC approval for Connectia Trust on July 7, 2026. The new subsidiary carries $40 million in capital and targets 2027 for launch. Bastion Platforms will handle issuance and custody under a December 2025 deal. The company disclosed the approval on July 7, 2026, one day after its board signed off on the plan. The new subsidiary, Connectia Trust, National Association, will operate as a wholly owned unit of Sony Bank under Sony Financial Group. Connectia Trust will carry $40 million in capital, roughly 6.4 billion yen at current exchange rates. Sony plans to use the charter to issue and manage a U.S. dollar-denominated stablecoin, not to take deposits, make loans, or process traditional payments. What the Charter Actually Allows A national trust bank charter limits Connectia Trust to specific activities. Those include stablecoin i
The post Eco Powers Programmable Cross-Chain Stablecoin Liquidity with TRON Integration appeared on BitcoinEthereumNews.com.
San Francisco, California, July 9, 2026 — Eco, a leading provider of programmable cross-chain stablecoin liquidity, today integrates the TRON network. Through this integration, TRON becomes part of Eco’s unified stablecoin network, allowing users to deposit stablecoins directly into TRON applications in seconds. As one of the world’s leading blockchains for stablecoin payments, TRON processed more than $2 trillion in transfers and supported an $86 billion circulating USDT supply in Q1 2026 alone. By integrating TRON, Eco enables enterprises and developers to embed seamless cross-chain stablecoin flows into their applications, with on-demand liquidity facilitating transfers between TRON and the broader blockchain ecosystem. “TRON’s dominance in global stablecoin settlement makes it an essential infrastructure for digital finance,” said Jay Kurahashi-Sofue, CMO at
The post Circle Faces Criminal Contempt as USDC Recovery Order Sparks Legal Fight appeared on BitcoinEthereumNews.com.
The post Circle Faces Criminal Contempt as USDC Recovery Order Sparks Legal Fight appeared first on Coinpedia Fintech News As crypto scams continue draining millions from victims, law enforcement agencies are increasingly leaning on stablecoin issuers to help freeze stolen funds before they disappear. Now, that growing dependence has landed Circle in the middle of an unusual legal battle after Wisconsin prosecutors accused the company of refusing to comply with the court order aimed … Source: https://coinpedia.org/news/circle-faces-criminal-contempt-as-usdc-recovery-order-sparks-legal-fight/
Sony Bank has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to open a national trust bank built for a stablecoin business. The company disclosed the approval on July 7, 2026, one day after its board signed off on the plan. The new subsidiary, Connectia Trust, National Association, will […]
The post Circle’s refusal to ‘burn and reissue’ stolen USDC angers prosecutors, report appeared on BitcoinEthereumNews.com.
Prosecutors in Wisconsin and New York are growing frustrated with stablecoin giant Circle after it repeatedly ignored law enforcement requests and court orders trying to recover stolen funds. The International Consortium of Investigative Journalists (ICIJ) detailed how the firm is facing criminal complaints and referrals to Congress over its inability to take action when asked to help recover funds. Milwaukee County Police Detective Scott Simons told the ICIJ that he’s seen over a dozen cases where Circle has either refused law enforcement requests to freeze victim funds, or where court orders weren’t obtained quickly enough to stop the flow of crypto. The report details how the loss of $400,000 by one pig-butchering victim in Wisconsin led to state prosecutors filing a criminal complaint against Circle in April. Prosecutors claimed that the firm did intentional
The post Sony Bank Advances US Dollar Stablecoin Plans With Conditional OCC Trust Approval appeared on BitcoinEthereumNews.com.
Sony Bank received conditional OCC approval to establish Connectia Trust for its planned U.S. dollar-backed stablecoin. The proposed stablecoin will support digital payments across Sony’s gaming, subscriptions, anime, and broader content ecosystem. Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish Connectia Trust, a national trust bank focused on digital assets. The approval moves Sony Financial Group closer to launching a U.S. dollar-backed stablecoin through its planned American subsidiary. Sony Bank announced that Connectia Trust will launch this month as a wholly owned subsidiary with initial capital totaling $40 million. The company expects Connectia Trust to begin operations during 2027 after receiving final regulatory approval from the OCC. Sony Bank also confirmed that the trust company will
The post Circle Faces Criminal Complaint Over USDC Seizure. appeared on BitcoinEthereumNews.com.
Circle faces a Wisconsin complaint over refusing a court-ordered USDC recovery action. Prosecutors say stablecoin issuers face growing pressure to support scam investigations. The case may reshape how crypto firms handle frozen assets and victim claims. Circle faces a criminal complaint in Wisconsin after prosecutors accused the stablecoin issuer of refusing to comply with a court order seeking recovery of stolen USDC funds. The case highlights growing tensions between crypto firms and law enforcement over scam-related asset seizures. Circle Faces Legal Pressure Over Stolen USDC Recovery Circle Internet Financial is facing legal scrutiny after Wisconsin prosecutors filed a misdemeanor criminal complaint against the company. According to a report, authorities allege Circle failed to follow a warrant connected to a cryptocurrency scam victim’s stolen funds. The dispute began after a Walworth
The post Sony Wins Conditional OCC Approval for U.S. Trust Charter appeared on BitcoinEthereumNews.com.
Sony secured conditional OCC approval to launch its U.S. stablecoin trust by 2027. Connectia Trust will begin with $40 million to support future stablecoin operations. Banking groups opposed Sony’s trust charter as the OCC imposed additional oversight conditions. Sony has moved closer to entering the U.S. stablecoin market after receiving conditional approval from the Office of the Comptroller of the Currency (OCC) to create a national trust bank. The decision allows the Japanese firm to proceed with the formation of Connectia Trust, a subsidiary that will support future stablecoin issuance and management in the United States. While the approval is a regulatory move, it also follows months of opposition from banking groups and consumer advocates who questioned whether a trust charter is the appropriate structure for stablecoin-related activities. Connectia Trust Set for 2027 Stablec
