🇺🇸BIG MOVES: US regulators are building crypto rails from THREE directions. Even with the CLARITY Act stalled in the Senate, regulators keep moving, and the latest steps came on Monday. Local banks could issue their own stablecoins. The OCC is encouraging small community banks to look at issuing digital dollars, with new federal stablecoin rules kicking in on January 18, 2027. Crypto firms are getting federal trust charters. Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos won conditional approval last December to become national trust banks, which can hold customers’ assets but can’t take deposits like a normal bank. Crypto exchanges could register with federal regulators. CFTC Chair Mike Selig says the agency is building an optional way for crypto exchanges to register with federal regulators “while Congress has yet to act.” Kraken’s parent, Payward, also plans to become the first CFTC-regulated firm to run its own markets on Hyperliquid, once approved. Does crypto still need the CLARITY Act? 👇