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Block Seeks OCC Charter for Uninsured Bitcoin and Stablecoin Custody Bank

Published Source: The DefiantRead original

Crypto Insight Summary: Builders Bank would operate under direct federal supervision without taking deposits or making loans, but the application still requires OCC approval. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: OCC charter for custody bank may boost institutional confidence but lacks immediate market impact.

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Block Seeks OCC Charter for Uninsured Bitcoin and Stablecoin Custody Bank — Crypto Insight