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      Jack Dorsey's Block has applied to OCC to establish Builders Bank & Trust, an

      THE BLOCK: Jack Dorsey's Block has applied to the OCC to establish Builders Bank & Trust, an uninsured national trust bank that would provide custody and related fiduciary services for assets including bitcoin and stablecoins.If approved, Builders Bank would operate under federal supervision but would not accept deposits or make loans. Block's Digital Asset Strategy Lead Lee Woolley would serve as its President and CEO.$XYZ , bitcoin:native

      Source: The Block
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud