
Wise turns to GENIUS Act after OCC rejects U.S. bank charter
Wise plans a new U.S. national trust bank charter bid under the GENIUS Act after the OCC rejected its first filing over compliance concerns.

Wise plans a new U.S. national trust bank charter bid under the GENIUS Act after the OCC rejected its first filing over compliance concerns.

The OCC denied the UK company’s application this week citing AML/CFT risks, despite approving similar charters for digital asset companies in the last year.

The OCC has granted conditional approval to several stablecoin-focused entities since December.

Wise plans to reapply for a national trust bank charter under the GENIUS Act after the OCC denied its original application over AML compliance

The regulator cited money-laundering risk concerns in a rare rejection amid a wave of crypto charter approvals. Wise plans to refile under the GENIUS Act.
Bloomberg's investigation examines Tether's lobbying efforts and political engagement during negotiations that led to the passage of the GENIUS Act.

U.S. regulators have missed the GENIUS Act’s one-year rulemaking deadline, leaving the federal stablecoin framework awaiting final implementation even as industry participants say the law has already accelerated institutional adoption. According to federal rulemaking records and regulatory proposals reviewed after…

The stablecoin law gave regulators exactly one year to write its rules. The year ended Saturday. The rules did not arrive, the January 2027 start date is not moving, and the $300 billion industry now gets to guess what compliance…

Tether has faced renewed scrutiny over whether USDT can remain available on U.S. crypto platforms unless the stablecoin issuer meets the requirements of the GENIUS Act before its compliance window closes. According to a CoinDesk report, the first anniversary of…


The GENIUS Act, signed July 18, 2025, gives stablecoin issuers until July 2028 to meet new federal reserve and disclosure rules or lose US market access.

Tether risks US exchange exclusion by mid-2028 under the GENIUS Act. The stablecoin giant launched USA as a compliant alternative while USDT's US future

US regulators failed to finalize implementing regulations by the GENIUS Act’s one-year deadline, issuing 10 proposed rules instead.
The GENIUS Act reshaped stablecoins, but key rules remain unfinished.

US regulators missed the GENIUS Act’s July 18 deadline, leaving key stablecoin rules unfinished ahead of the law’s January 2027 start.

US federal regulators failed to finalize stablecoin rules by the GENIUS Act's July 18, 2026 deadline, leaving issuers in compliance limbo.

The delay does not postpone the law’s Jan. 18, 2027 effective date, leaving regulators and stablecoin issuers with a compressed implementation window.
Banks want the recent GENIUS Act's proposed rules to be reviewed

On the eve of the GENIUS Act’s first anniversary, the stablecoin market holds about $310 billion, including roughly $184 billion in USDT and $73 billion in USDC. President Donald Trump signed the law on July 18, 2025, creating a federal framework with one-for-one liquid reserves, redemption rights, and monthly reserve disclosures for a market that […]

Bitcoin Magazine Fed Chair Warsh: No Bailout for Crypto Industry in Crisis Federal Reserve Chair Kevin Warsh said the Fed will not bail out failing crypto firms, insisting the industry must bear its own risks while regulators finalize rules under the GENIUS Act. This post Fed Chair Warsh: No Bailout for Crypto Industry in Crisis first appeared on Bitcoin Magazine and is written by Micah Zimmerman .