Topic: Crypto

• Community Banks Sue OCC Over Crypto Trust Bank Charters

  Community banks sue OCC over granting trust bank charters to crypto firms, citing regulatory concerns.

• Blast Shuts Down Ethereum Layer Network After Economic Unviability

  According to CoinDesk, Blast said it will shut down after concluding that its Ethereum layer-2 network no longer makes economic sense to operate.

• SEC Outlines Crypto Custody Rules and Clarifies Token Buyback Treatment

  The SEC proposes new crypto custody rules for investment advisers and funds, and it will allow advisers to self-custody client assets, according to CoinDesk.

• The Fed’s stablecoin plan asks whether a backed token can be redeemed

  The Federal Reserve has proposed reserve and redemption rules for issuers it supervises, plus a separate bank application process. The rules are open for comment, not in force.