21 institutions target a 2027 dollar coin, the SEC opens the shareholder record to blockchain, SoFiUSD lands on Kraken, and spot Bitcoin ETFs take in $986.7 million.
Examiners Narrow the Standard, Stripe Drops a $53 Billion PayPal Bid, and a $111 Million Bank Takes On $600 Million in Global Payments
The OCC and FDIC define unsafe practices by material harm, VALT must raise $25 million before opening, Afriex names Global Innovations Bank as sponsor and settlement bank, and RTP prepares for a 2027 cross-border pilot.
Blue Ridge Sells for $448 Million After Cutting 70 Fintech Programs to Zero, the OCC Logs 40 Charter Applications in 18 Months, and Rippling Sweeps Deposits Out of Its Bank
The OCC counts 40 charter applications, Bank of America commits $1.9 billion to Jio Credit, Rippling moves excess cash into money market funds, and HSBC and Standard Chartered settle tokenized deposits through Swift.
Token issuers could get a 12-month, $75 million exemption
The SEC's August 18 proposal exempts token raises up to $5 million for four years and up to $75 million for 12 months, with financial statements and ongoing reports attached to the larger tier. Bitcoin ran about 27% from its low to its high this week.
