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ARTICLE · 18 JULY 2025

Weekly Blockchain Blog – July 14, 2025

BakerHostetler
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According to a recent press release, the issuer of the USDC stablecoin has submitted an application to the Office of the Comptroller of the Currency...

United StatesTechnology
Robert A. Musiala Jr.
Robert A. Musiala Jr.
Keith R. Murphy
Keith R. Murphy
John Robertson
John Robertson
Jonathan Cardenas
Jonathan Cardenas
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In this issue:

  • US Stablecoin Issuers Seek National Bank Charters, USDG Launches in EU
  • US Companies Launch Staking Rewards SOL ETF, Tokenized Index Fund
  • FATF Publishes Sixth Targeted Update on Virtual Assets and VASPs
  • OFAC Sanctions Target Schemes Involving Ransomware, Cryptocurrencies
  • DOJ and Europol Dismantle Global Investment Scams, Indict Perpetrators
  • DEX and DeFi Protocol Hacked; Reports Note More than $2B in 2025 Hack Losses

US Stablecoin Issuers Seek National Bank Charters, USDG Launches in EU

By Keith R. Murphy

According to a recent press release, the issuer of the USDC stablecoin has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency Bank, N.A. According to the release, if the application is approved, the proposed national trust bank would be authorized to operate as a federally regulated trust institution. Obtaining the federal trust

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