Tron founder Justin Sun invested $8 million in DeFi project River to support ecosystem integration on the Tron blockchain and deployment of River’s chain abstraction stablecoin infrastructure. The deal positions Tron to leverage River’s cross-chain technology through satUSD, a stablecoin mintable at a 1:1 ratio with USDT, USDD, or USD1. River announced the funding on X, emphasizing its mission to build a system that connects every asset to its opportunity while allowing value to flow freely across ecosy ...

The Office of the Comptroller of the Currency faces pressure from bank lobbyists as crypto exchange Coinbase demands a fair path into regulated finance. Two of Washington’s most influential banking lobbies, the Independent Community Bankers of America (ICBA) and the Bank Policy Institute (BPI), have urged the Office of the Comptroller of the Currency to block Coinbase’s application for a national trust bank charter. The groups filed separate comment letters to the OCC on Monday, warning that Coinbase’s a ...