Morning Minute: The SEC & OCC Usher In Crypto Era

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Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s apical news:

Crypto majors mostly level implicit the weekend; Bitcoin astatine $89,700
SEC issues no-action letter, paves mode for tokenized stocks; besides shares crypto custody guidance
OCC grants nationalist slope charters to Ripple, Circle and others
Hyperliquid announces portfolio borderline soon
Kamino introduces 6 caller products successful effort to determination to full-stack platform

For years, Washington’s connection to crypto was simple: wait.

This week, that changed.

First, the SEC issued a no-action missive allowing definite firms to motorboat tokenized banal products without facing contiguous enforcement risk.

Then, the OCC granted national slope charters to Circle, Ripple, and different crypto-native firms, formally placing them wrong the U.S. banking framework.

Two wide signals that tokenized assets and stablecoins are being regulated arsenic infrastructure.

This comes arsenic tokenized equities, stablecoins, and RWAs are already gaining traction crossed Ethereum, Solana, and emerging hybrid platforms.

Circle, Ripple, Paxos, Fidelity and BitGo Get Banking Charters Approved by OCC

“New entrants into the national banking assemblage are bully for consumers, the banking manufacture and the economy. They supply entree to caller products, services and sources of recognition to consumers, and guarantee a dynamic, competitory and divers banking system.” - Jonathan V. Gould, Comptroller of the Currency

Each of these announcements are fundamentally bullish for crypto and the on-chain economy.

Tokenized stocks mean:

24/7 trading
Global access
Instant settlement
Programmable ownership

Those are each existent benefits implicit accepted banal trading. When radical inquire “But what has crypto really delivered product-wise?”—we person a coagulated caller answer.

The OCC charters mean:

Stablecoins arsenic regulated money
Crypto firms with nonstop entree to the banking system
A shrinking spread betwixt TradFi and DeFi

The humanities barriers are falling down successful existent time.

And crypto is becoming excessively integrated wrong TradFi to beryllium walked distant from (i.e. successful a governmental authorities alteration successful 2028).

Now the question for investors becomes—what does this mean for demand? And which assets volition win?

That’s the trillion dollar question…

A fewer Crypto and Web3 headlines that caught my eye:

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