Policy
Rain Applies for US Trust Bank Charter to Issue Stablecoins Under GENIUS Act
COINOTAG·October 6, 2026·1 min read
Stablecoin firm Rain applied for a US national trust bank charter with the OCC, while community banks sued the regulator over its crypto trust framework. Rain's move aims to issue stablecoins under the GENIUS Act, but the lawsuit adds regulatory uncertainty to the approval process.
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