# Kraken wants to be a federal bank. The SEC agrees.

Page: https://stenobird.com/podcast/token-metrics-daily-pulse-325615/kraken-wants-to-be-a-federal-bank-the-sec-agrees
Text version: https://stenobird.com/podcast/token-metrics-daily-pulse-325615/kraken-wants-to-be-a-federal-bank-the-sec-agrees.md
Podcast: [Token Metrics Daily Pulse](https://stenobird.com/podcast/token-metrics-daily-pulse-325615)
Published: 2026-05-08T20:45:08+00:00
Episode link: https://www.spreaker.com/episode/kraken-wants-to-be-a-federal-bank-the-sec-agrees--71929797
Audio file: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/71929797/daily_pulse_2026_05_08.mp3
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Duration seconds: 488

## Resource

Atkins eyes on-chain market rules. ECB panics over Tether. SOL up 4%. Today's key developments: - Kraken's parent Payward just applied for a national trust bank charter with the OCC, putting it in the same regulatory category as BNY Mellon and JPMorgan's trust arms. - SEC Chair Atkins signaled the agency is weighing new rulemaking for on-chain market structures and AI-driven finance, marking the clearest pivot yet from enforcement-first to rules-first crypto policy. - The ECB's Christine Lagarde warned that Tether and Circle stablecoins risk "digital dollarisation" in Europe, calling for urgent action to develop a digital euro before USD-denominated stablecoins entrench themselves. Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/new-post-8db6?utm_source=spreaker&utm_medium=audio&utm_campaign=daily_pulse_podcast Subscribe for daily crypto market updates. Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research. #crypto #bitcoin #ethereum #dailypulse #tokenmetrics Sign up for the Daily Pulse at tokenmetrics.com

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## Transcript

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