Crypto.com secured conditional approval from the Office of the Comptroller of the Currency on Feb. 13 to establish Foris Dax National Trust Bank in the United States, putting the exchange on track to operate as Crypto.com National Trust Bank once regulators grant final clearance, the OCC said. The planned entity will be a limited-purpose national trust bank that will not accept public deposits or issue consumer or commercial loans, and will instead focus on institutional digital-asset custody, trade settlement, and staking across several blockchain networks, including assets linked to the company's Cronos network. The charter remains conditional while Crypto.com completes risk management systems, strengthens internal controls, and confirms compliance processes that regulators will review before final approval; during the transition, the company will continue operating its New Hampshire custody unit, and the national charter brings institutional custody under federal oversight, allowing the company to reduce reliance on separate state licenses. Crypto.com joins Ripple, Circle, Paxos and Fidelity in obtaining conditional approval for an OCC trust bank charter, and BitGo received full OCC approval to convert its state trust company into a nationally chartered trust bank late last year, Eleanor Terrett reported on Feb. 23, 2026.

South Korea's ruling Democratic Party plans to submit a compromise stablecoin bill to the government and Financial Services Commission within one to two weeks following a Digital Asset Task Force advisory committee meeting held on Feb. 24, 2025, Edaily reports. The initiative, led by Representative Lee Jeongmun and Secretary Ahn Dogeol, aims to finalize a draft within a week. The proposed legislation focuses on industry-authority consensus on reserve backing, issuer licensing, and market stability, building on the country's 2021 Specific Financial Information Act.

Jane Street has been sued by the bankruptcy administrator of Terraform Labs over allegations of insider trading that purportedly hastened the 2022 collapse of TerraUSD and LUNA. The complaint claims the firm engaged in trading activity linked to Terraform Labs that allegedly accelerated the stablecoin and token's downfall in that period.

The U.S. Securities and Exchange Commission's Division of Investment Management has granted an exemption to WisdomTree's Treasury Money Market Digital Fund, allowing investors to trade the fund's blockchain-issued tokenized shares with dealers at a fixed $1 per share throughout the trading day, Odaily Planet Daily reports. The exemption removes the requirement to transact at the fund's daily net asset value. The SEC said the move provides regulatory flexibility for tokenized fund products within the existing framework while enabling faster settlement compared with traditional models.

The US Securities and Exchange Commission appointed Taylor Lindman, formerly a senior legal officer at Chainlink Labs, as chief counsel for its Crypto Task Force, CoinJournal reported. Chainlink (LINK) traded around $8.18 at press time, rebounding from a low of $8.13 but down roughly 51% over the past year. Short-term levels show support around $6.80 and resistance near $8.19, the report said.

The Federal Reserve proposed permanently removing reputational risk from banking regulation and opened a 60-day public comment period, The Block reports. The plan would base decisions solely on material financial risks. Senator Cynthia Lummis said the move could help position the United States as a global hub for digital assets.

The Federal Reserve opened a two-month comment period on a proposal to permanently remove reputational risk from its bank supervision framework. Separately, JPMorgan Chase confirmed in a court filing that it closed more than 50 accounts linked to Trump and the Trump Organization in February 2021.

Nigerian President Bola Tinubu has established the Virtual Asset Regulatory Council (VARC) to oversee the country's digital asset market, a local report shows. Under the new framework, the Central Bank of Nigeria and the Nigeria Revenue Service will jointly supervise nonsecurity virtual assets through the Virtual Asset Regulatory Authority, while the Nigerian Securities and Exchange Commission will continue to oversee security tokens. The regime requires domestic and offshore platforms to register and comply with know-your-customer and cybersecurity requirements in exchange for formal recognition, banking access and eligibility for regulated partnerships. Analyst Rume Ophi described the move as one of Nigeria's most structured crypto regulations, aligned with Tinubu's 2023 pledge to support prudent blockchain and crypto asset use.

Global tariffs proposed by Donald Trump took effect today at a 10% rate on all trading partners. The White House indicated the 15% tariff rate will be implemented under a separate order, despite his earlier decision to raise the maximum level to 15%.