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Introduction to Futures Trading

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Wise Plans to Resubmit National Trust Bank Application Under GENIUS Act After OCC Denial on July 21

Regulation & Policy Enforcement Actions

2026-07-24 17:55:57

According to William Blair and Reuters, the U.S. Office of the Comptroller of the Currency denied Wise's national trust bank charter application on July 21 due to incompatibility with new Federal Reserve policies on payment system Master Account access. Reuters reported Friday that Wise plans to resubmit under the GENIUS Act stablecoin framework. William Blair analysts noted that the Federal Reserve has essentially halted the granting of master accounts while developing policies for payment accounts formally proposed in May 2026.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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