Kraken wants to be a federal bank. The SEC agrees.
Published: May 8, 2026
Duration: 8:08
Atkins eyes on-chain market rules. ECB panics over Tether. SOL up 4%.
Today's key developments:
- Kraken's parent Payward just applied for a national trust bank charter with the OCC, putting it in the same regulatory category as BNY Mellon and JPMorgan's trust arms.
- SEC Chair Atkins signaled the agency is weighing new rulemaking for on-chain market structures and AI-driven finance, marking the clearest pivot yet from enforcement-first to rules-first crypto policy.
- The ECB's Christine Lagarde warned that Tether and Circle stablecoins risk "digital dollarisation" in Europe, calling for urgent action to develop a digital...
Today's key developments:
- Kraken's parent Payward just applied for a national trust bank charter with the OCC, putting it in the same regulatory category as BNY Mellon and JPMorgan's trust arms.
- SEC Chair Atkins signaled the agency is weighing new rulemaking for on-chain market structures and AI-driven finance, marking the clearest pivot yet from enforcement-first to rules-first crypto policy.
- The ECB's Christine Lagarde warned that Tether and Circle stablecoins risk "digital dollarisation" in Europe, calling for urgent action to develop a digital...