The OCC became the first banking regulator to finalize a rule implementing the Trump-signed GENIUS Act stablecoin law, effective Jan. 18, notably dropping a proposed presumption on third-party rewards arrangements.
OCC grants conditional preliminary approval for World Liberty Financial to become a national trust bank.
Wise’s US national banking license denial, coupled with a 10% stock drop and media focus on AML/compliance issues, highlights regulatory risk and a potential reapplication pathway under evolving rules (GENIUS Act).
Wise's US national trust bank charter application was rejected by the OCC, triggering a ~7% share drop and ongoing regulatory scrutiny, with a plan to refile under the Genius Act framework; current US operations remain intact.
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