OCC Grants Preliminary Approval for Blockchain-Native Bank OpenReserve

The Office of the Comptroller of the Currency (OCC) has granted preliminary approval for a national bank charter to OpenReserve, a blockchain-native financial institution backed by a16z, Jump Capital, and Coinbase Ventures. Meanwhile, SEC Chair Atkins described the Regulation Crypto Assets proposal as a historic development. Market data shows net inflows of $730.8 million for Bitcoin ETFs and $141.4 million for Ethereum ETFs, while Bitcoin's purchasing power against gold reached its highest level since January.