Kraken wants to be a federal bank. The SEC agrees. episode artwork

EPISODE · May 8, 2026 · 8 MIN

Kraken wants to be a federal bank. The SEC agrees.

from Token Metrics Daily Pulse · host Token Metrics

Atkins eyes on-chain market rules. ECB panics over Tether. SOL up 4%.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/new-post-8db6?utm_source=spreaker&utm_medium=audio&utm_campaign=daily_pulse_podcastSubscribe 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 #tokenmetricsSign up for the Daily Pulse at tokenmetrics.com

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Kraken wants to be a federal bank. The SEC agrees.

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