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Kraken wants to be a federal bank. The SEC agrees.
Published 1 month, 3 weeks ago
Description
Kraken just applied for a federal bank charter. SEC Chair Atkins signals new rules for on-chain markets. Fear & Greed dropped 9 points to 38. TradFi is building the rails while sentiment quietly falls apart.
Today's key developments:
• Kraken's parent Payward just applied for a national trust bank charter with the OCC, putting it in the same regulatory category as BNY Mellon and JPMorgan's trust arms.
• SEC Chair Atkins signaled the agency is weighing new rulemaking for on-chain market structures and AI-driven finance, marking the clearest pivot yet from enforcement-first to rules-first crypto policy.
• The ECB's Christine Lagarde warned that Tether and Circle stablecoins risk "digital dollarisation" in Europe, calling for urgent action to develop a digital euro before USD-denominated stablecoins entrench themselves.
📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/kraken-wants-to-be-a-federal-bank-the-sec-agrees-may-8-2026?utm_source=spreaker&utm_medium=audio&utm_campaign=daily_pulse_podcast
🔔 Subscribe for daily crypto market updates!
⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research.
#crypto #bitcoin #ethereum #dailypulse #tokenmetrics
Sign up for the Daily Pulse at tokenmetrics.com
Today's key developments:
• Kraken's parent Payward just applied for a national trust bank charter with the OCC, putting it in the same regulatory category as BNY Mellon and JPMorgan's trust arms.
• SEC Chair Atkins signaled the agency is weighing new rulemaking for on-chain market structures and AI-driven finance, marking the clearest pivot yet from enforcement-first to rules-first crypto policy.
• The ECB's Christine Lagarde warned that Tether and Circle stablecoins risk "digital dollarisation" in Europe, calling for urgent action to develop a digital euro before USD-denominated stablecoins entrench themselves.
📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/kraken-wants-to-be-a-federal-bank-the-sec-agrees-may-8-2026?utm_source=spreaker&utm_medium=audio&utm_campaign=daily_pulse_podcast
🔔 Subscribe for daily crypto market updates!
⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research.
#crypto #bitcoin #ethereum #dailypulse #tokenmetrics
Sign up for the Daily Pulse at tokenmetrics.com