$BTTC Block Jack Dorsey filed an application for a bank charter to hold Bitcoin and stablecoins
On September 8, Block submitted an application to the Office of the Comptroller of the Currency (OCC) to open a national trust bank—Builders Bank & Trust. It will operate without deposit insurance, not accept deposits, and not make loans.
The goal is to shift some of Block’s operations for custody of Bitcoin, stablecoins, and other digital assets under direct federal oversight. In essence, it’s a bet on regulated crypto custody within the traditional U.S. banking system.
Source#RippleLobbiesToAdvanceCLARITYActVote
Trade on Binance
On September 8, Block submitted an application to the Office of the Comptroller of the Currency (OCC) to open a national trust bank—Builders Bank & Trust. It will operate without deposit insurance, not accept deposits, and not make loans.
The goal is to shift some of Block’s operations for custody of Bitcoin, stablecoins, and other digital assets under direct federal oversight. In essence, it’s a bet on regulated crypto custody within the traditional U.S. banking system.
Source#RippleLobbiesToAdvanceCLARITYActVote
Trade on Binance
