{"id":435143,"date":"2026-07-26T02:31:37","date_gmt":"2026-07-25T21:01:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/wise-to-resubmit-us-charter-application-under-genius-act-crypto-news\/"},"modified":"2026-07-26T02:36:02","modified_gmt":"2026-07-25T21:06:02","slug":"wise-to-resubmit-us-charter-application-under-genius-act-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/wise-to-resubmit-us-charter-application-under-genius-act-crypto-news\/","title":{"rendered":"Wise to Resubmit US Charter Application Under GENIUS Act – Crypto News"},"content":{"rendered":"
\n

Update (July 25, 4:39 pm UTC): This article has been updated to include a response from Wise.<\/em><\/p>\n

Payments company Wise will to change its strategy for applying for a charter license with the US Office of the Comptroller of the Currency (OCC) to one \u201cunder a GENIUS Act framework,\u201d the legislation to regulate stablecoins in the country.<\/p>\n

According to a Thursday notice<\/a> from Wise, the company plans to submit a new application for a national trust bank charter under a GENIUS Act framework. Investment banking group William Blair said<\/a> that Wise will likely not shift its position on payment stablecoins with the new OCC application, despite being denied<\/a> a charter to establish a national trust bank on Tuesday. <\/p>\n

\u201cWise is focused on lowering the cost of cross-border transactions, agnostic of the rail,\u201d said William Blair on the move to apply under GENIUS.<\/p>\n

The OCC said in its rejection that the company could not show it had an effective Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance program and had \u201cother illicit finance activity risks.\u201d<\/p>\n

The GENIUS Act, signed into law in July 2025, offers a framework for payment stablecoin providers in the United States, pending finalized regulations<\/a> to be approved by federal agencies. However, regulators missed a crucial deadline<\/a> last week to provide guidance on implementation of the law before its effective date in January 2027.<\/p>\n

Following the passage of the stablecoin bill, the OCC has approved several applications<\/a> from digital asset companies for national trust charters, including Circle, Ripple Labs, Crypto.com and Coinbase.<\/p>\n<\/div>\n

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy<\/a> and aims to provide accurate and timely information. Readers are encouraged to verify information independently. <\/div>\n","protected":false},"excerpt":{"rendered":"

Update (July 25, 4:39 pm UTC): This article has been updated to include a response from Wise. Payments company Wise will to change its strategy for applying for a charter license with the US Office of the Comptroller of the Currency (OCC) to one \u201cunder a GENIUS Act framework,\u201d the legislation to regulate stablecoins in […]<\/p>\n","protected":false},"author":2,"featured_media":435144,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-435143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/435143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=435143"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/435143\/revisions"}],"predecessor-version":[{"id":435145,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/435143\/revisions\/435145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/435144"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=435143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=435143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=435143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}