EconomyWhy newly granted federal approval won’t save these three crypto banks
The OCC has advanced Agora, Catena and Bastion toward federal trust-bank status under a repeatable framework for narrow, uninsured institutions. But final approvals, conversion work, capital, distribution, reserves and operations remain hurdles, while unfinished stablecoin rules and state-level challenges limit the charter’s value as a standalone moat.
Why newly granted federal approval won’t save these three crypto banks
Economy