A certain CEX has received a conditional approval from the Office of the Comptroller of the Currency (OCC) in the United States, allowing it to establish a national trust institution, but without converting into a commercial bank. It will continue operating under the supervision of the New York State Department of Financial Services, strengthening the consistency of its custody business and laying the foundation for new products.

The Office of the Comptroller of the Currency (OCC) has released a federal rule proposal for payment stablecoin issuers to establish a unified regulatory framework for the stablecoin market. The draft restricts issuers from paying interest to holders, requires transparent reserve management, and sets capital requirements. This move marks the concretization of the U.S. stablecoin regulatory system, aiming to ensure compliance and industry stability.

The Bank Policy Research Institute is considering suing the Office of the Comptroller of the Currency for relaxing federal licensing rules, making it easier for crypto companies to obtain nationwide banking trust licenses. The policy has raised concerns about consumer protection and the stability of the financial system, with multiple regulatory agencies and small banks voicing strong opposition.

Investment bank TD Cowen believes that the banking industry may be at a disadvantage in the debate over stablecoin yield policies, which could delay the progress of the U.S. Crypto Market Structure Act. The report notes that banks' opposition to stablecoin yields may harm consumer interests, making political support difficult to sustain. Meanwhile, the OCC is proposing rules related to stablecoins, including a ban on direct interest payments, and will also seek public comments in the future.

ChainCatcher News reports that, according to Cointelegraph, Wall Street banking giant Morgan Stanley has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank license, planning to establish a subsidiary called "Morgan Stanley Digital Trust" to support digital asset custody, trading, and staking services for clients. This move is a significant step in the bank's recent acceleration into the crypto space, as Morgan Stanley has previously applied to launch Bitcoin, Ethereum, and Solana ETFs.

Foresight News reports that according to the SEC official website, the Options Clearing Corporation (OCC) proposes to implement "Specific Wrong-Way Risk" (SWWR) controls for spot cryptocurrency ETP positions held by clearing members or their affiliated institutions as custodians. In such cases, the relevant fund shares and option valuations will be set to zero to reduce credit exposure caused by cryptocurrency custody risks. Additionally, OCC plans to stop accepting letters of credit and GSE debt securities as eligible collateral.

U.S. Senator Elizabeth Warren has called for a halt to World Liberty Financial's banking license application due to potential conflicts of interest with Trump. OCC Director responded that the application will be evaluated according to standard procedures. This controversy highlights the close relationship between cryptocurrency bank license approvals and political factors, while WLFI plans to launch a foreign exchange platform. If granted a license, it would benefit their position in the crypto market.

Senator Warren called the UAE advisor's investments before Trump's inauguration a major corruption scandal and urged rejection of the related application. Gould stated that it would be handled routinely, rebutting that the political pressure comes from Warren. 41 Democratic House members warned that approval could impact the legitimacy of the U.S. banking system.