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⚖️ Circle obtains a national trust bank license! USDC officially enters the banking system — the biggest regulatory milestone in crypto history?
Or the start of monopoly by big players? On July 10, Circle received approval from the OCC to establish Circle National Trust, and USDC ($73B market cap) will be included in the federally regulated custody system.
The stock price surged 12% pre-market. On the same day, Senate Democrats requested an investigation into the Trump family’s $1.4 billion crypto earnings, and the House will pass a stablecoin regulatory bill next week.
Regulatory news is exploding with both positives and negatives.
👇 What does Circle’s approved banking license mean?
•🅰️ The industry has come of age! The compliant stablecoin track is fully exploding ✅
•🅱️ Monopoly intensifies! Only giants like Circle/Coinbase can survive 🏦
•🅲️ Positive in the short term, but the regulatory hammer will hit DeFi 🚨
•🅳️ None of my business—I only play decentralized stablecoins 🙅
💬 A regulatory turning point has arrived—are your projects ready for compliance? 🔥