CRCL surged over 15% after landing an OCC national trust bank charter. That puts Circle nearly on par with a traditional bank. USDC's cash and Treasury reserves used to sit with outside custodians. Now they fall under a single federal regulator, no more patchwork of state rules. The direction is evident. Kraken, http://Crypto.com, Ripple, Paxos, and Fidelity Digital Assets are all chasing the same charter. Next up: the Clarity Act markup this Friday, 7/17. Could it spark an even bigger move for Circle?(BloFin Research)