Circle has received final OCC approval to establish Circle National Trust, a national trust bank. However, it cannot accept deposits, make loans, or offer retail banking services. Its primary function will be fiduciary digital-asset custody, with potential future expansion to institutional clients and USDC reserve management.
Circle has received final approval from the U.S. OCC to establish a national trust bank, moving its $73.2 billion stablecoin, USDC, under a federal banking framework. This milestone, part of a broader regulatory shift under the Trump administration, allows Circle to offer new services and safeguard customer assets.
Circle, the issuer of the USDC stablecoin, has received final approval from the US OCC to establish First National Digital Currency Bank (FNDCB), operating as Circle National Trust. This federally regulated trust institution will initially offer digital asset custody services for Circle and its affiliates, with potential future expansion to institutional clients.
Coinbase's Chief Legal Officer, Paul Grewal, will move to an advisory role on July 31. Legal VPs Molly Abraham and Ryan VanGrack will take over as general counsel and vice chair, respectively. Grewal's successor will influence US crypto policy, following Coinbase's legal battles and advocacy for crypto-friendly legislation.
A sapling from the iconic Sycamore Gap tree, planted at Wray Castle in Cumbria as a symbol of hope after the original tree's felling, has been stolen. The National Trust and Cumbria police are appealing for information regarding the theft, which occurred between June 9-16.
A Pew Research Center poll of 42,000 people in 36 countries found that international trust in the US and confidence in Donald Trump's leadership significantly declined during his second term. 76% lacked confidence in Trump, with views of the US as a reliable partner also plummeting in allied nations.
India ranks 80th globally in the Henley Passport Index, with access to 56 countries visa-free. Despite economic growth, its passport mobility has lagged behind other major economies due to factors like per-capita income, diplomatic relations, and visa policies.
India's passport ranks 80th globally, offering visa-free access to 56 countries. Despite economic growth, its passport mobility has lagged behind other major economies due to factors like per-capita income, diplomatic relations, and visa policies, not just GDP.
A controversial UFC event planned for the White House lawn, dubbed 'UFC Freedom 250,' is facing legal challenges and criticism for its alleged misuse of federal property and resources for private gain and political fundraising. Lawsuits argue the event is a 'kleptocratic spectacle' and not a genuine celebration of American independence.
A new art project, 'The People's Tree', will transform wood from the felled Sycamore Gap tree into a 'living archive' through participatory storytelling, sound, and sculpture, following a public vote. The initiative aims to foster reflection and connection inspired by the loss of the landmark.
The National Trust for Historic Preservation has named 11 endangered historic sites across the U.S. for 2026, coinciding with America's 250th anniversary. These sites, including Stonewall National Monument and the President's House Site, represent the nation's struggle for equality and will receive $25,000 grants.
Sen. Elizabeth Warren is demanding answers from the OCC regarding crypto bank charters, arguing they weaken banking safeguards and pose risks to the U.S. financial system. She also raised concerns about potential ties between the OCC and Donald Trump over a charter application.
A farming family has been fined £9,000 and ordered to pay £10,000 in costs and penalties for damaging rare plants on National Trust land in Ceredigion over eight years. The Jenkins family pleaded guilty to the offenses, which included spreading fertilizer, slurry, and weed killer without permission, causing a "serious decline" in plant numbers.
Crypto exchange Kraken is seeking a U.S. federal banking charter to complement its Wyoming SPDI subsidiary.
The Trump administration's Justice Department is using Saturday's shooting at the Washington Hilton to pressure the National Trust for Historic Preservation to drop its lawsuit against a planned $400 million ballroom on the site of the former East Wing of the White House. Acting Attorney General Todd Blanche posted a letter Sunday giving the preservationist group until 9am Monday to dismiss its lawsuit, warning that the government would ask a court to do so in light of the shooting, calling the Washington Hilton demonstrably unsafe for presidential events.
Trump's Justice Department is using Saturday's shooting at the Washington Hilton to pressure the National Trust for Historic Preservation to drop its lawsuit challenging a $400 million ballroom on the site of the former East Wing. Acting Attorney General Todd Blanche posted a letter giving the preservation group until 9am Monday to dismiss its lawsuit, warning that the Washington Hilton is 'demonstrably unsafe' for presidential events. The letter claims the new ballroom 'will ensure the safety and security of the President for decades to come and prevent future assassination attempts'. The preservation group sued in December after the White House demolished the East Wing.
