Circle has received final approval from the U.S. Office of the Comptroller of the Currency to establish a federally regulated trust bank. This approval places Circle National Trust under direct federal supervision, initially supporting custody for Circle and its affiliates, with plans to extend services to a limited number of regulated institutions. In parallel, Swift is advancing its blockchain initiatives by preparing live tests of a blockchain-based shared ledger with 17 major banks, including Citi, HSBC, UBS, and Wells Fargo. This development aims to enable 24/7 cross-border payments using tokenized deposits while maintaining existing settlement and compliance controls. Additionally, the U.S. Securities and Exchange Commission is set to propose a new crypto rule this month, potentially easing regulatory burdens for startups and fundraising activities. Meanwhile, Strategy has sold 3,588 bitcoins, valued at approximately $216 million, to bolster its dollar reserves, marking a shift in its approach to bitcoin holdings.