Rain seeks US trust bank charter amid OCC challenge

Rain seeks US trust bank charter amid OCC challenge

Stablecoin payments infrastructure provider Rain has filed an application to establish a national trust bank headquartered in New York, adding to a wave of crypto companies seeking bank charters over the past year. Rain said this on Monday filed Application to the Office of the Comptroller of the Currency (OCC) for establishment of Rain National … Read more

European crypto advocates challenge MICA stablecoin rules

European crypto advocates challenge MICA stablecoin rules

According to crypto advocacy group Stand With Crypto EU, more than 50,000 Europeans have petitioned the European Commission to relax restrictions on stablecoin rewards as part of a review of the Block Market in Crypto-Assets (MICA) framework. The campaign came as the Commission closed its MICA review consultation on Wednesday, with Stand With Crypto pushing … Read more