2026-03-04
The @federalreserve.gov just granted a crypto company—Kraken—access to its public payment services for the first time. — More evidence that crypto's success is not as an *alternative* to the existing financial system but to capture the existing payment infrastructure. — www.wsj.com/finance/regu...
Wall Street Journal
Kraken says its banking unit won “master account” access to the US Fed's core payment systems, making it the first crypto company that can move money like banks
‘Master account’ approval gives firm access to the same payment rail as thousands of banks and credit unions
2026-01-08
Today, the Trump family's crypto company applied for a banking charter. — The application should be denied, but there's realistically no way Trump-appointed regulators will do that. This charter will help the president profit from the recently passed stablecoin law. — www.wsj.com/finance/curr...
Wall Street Journal
The Trump family's World Liberty Financial says its entity World Liberty Trust applied for a US banking license, which would let it issue the USD1 stablecoin
Critics have said World Liberty and its stablecoin pose a major conflict of interest for President Trump
2025-07-03
In the past month or so, there's been a surge of crypto companies applying for bank charters. — More accurately, most are seeking trust bank charters that have some of the *benefits* of being a bank but without all the *restrictions* that apply to traditional banks that take deposits and make loans. …
Wall Street Journal
Ripple applies for a US national banking license, which would place its RLUSD stablecoin under the Office of the Comptroller of the Currency's regulatory remit
More accurately, most are seeking trust bank charters that have some of the *benefits* of being a bank but without all the *restrictions* that apply to traditional banks that take ...