Wise's move highlights crypto's regulatory hurdles in the US. Wise, a global money transfer company, had its application for a US banking charter denied by the OCC (Office of the Comptroller of the Currency). This denial was due to concerns about money laundering and terrorist financing risks, even though similar applications from other digital asset companies have been approved recently. Now, Wise plans to reapply under a new law called the GENIUS Act. This situation shows the ongoing challenge of bringing traditional financial services and crypto-related businesses under clear US regulation. The denial, despite other approvals, signals that even well-established firms face an uphill battle. It emphasizes that regulators are taking a very cautious approach to anything that *might* touch digital assets and their potential for illicit use. This reapplication under the GENIUS Act indicates a strategic shift, potentially aiming for a regulatory framework better suited for innovative financial services. It could set a precedent for how FinTech companies navigate US banking laws. Today's top gainer, $EUL, up over 60%, reminds us that even amid regulatory friction, parts of the crypto...