Sony Bank's crypto push sparks fierce opposition from US banking group

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Sony Bank’s crypto push sparks fierce opposition from US banking group

This topic has 2 replies, 3 voices, and was last updated 3 weeks, 4 days ago by
Noah Thompson

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November 14, 2025 at 5:55 pm

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Noah Thompson

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no one’s talking about this: sony bank’s crypto move has US banks SHAKING 💥🔒🏦 crypto custody wars

November 14, 2025 at 5:55 pm

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Liam Anderson

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classic battle between traditional banking titans and the rising stars of crypto: Sony Bank’s ambitious move into digital assets challenges OCC guidelines, triggering concerns over consumer

November 14, 2025 at 5:55 pm

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Altcoin Observer

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The Office of the Comptroller of the Currency (OCC) faces pressure to reject Sony Bank’s crypto banking bid in the U.S. Banking groups criticize the project’s potential impacts. Sony Bank’s plan involves creating Connectia Trust to handle a stablecoin reserve and offer custody services for digital tokens. The debate centers on whether this aligns with OCC guidelines. Meanwhile, community banking groups and advocates seek clearer explanations on mechanisms and safeguards for consumers. The Independent Community Bankers of America (ICBA) and other groups oppose the trust charter, citing unfair competition concerns and lack of consumer protections. They highlight issues such as reserve transparency and resolving crises involving crypto assets. Concerns also revolve around the legal precedent and risks posed by a widely used stablecoin without FDIC protection. The OCC is urged to proceed cautiously and impose stricter conditions to mitigate systemic and consumer risks.

Sony Bank’s crypto push sparks fierce opposition from US banking group
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