On February 26, reports indicated a significant surge in the cryptocurrency market. As of the time of writing, $Bitcoin (BTC.CC)$ Bitcoin rose by 1.39% to $68,350.99, with a 24-hour increase exceeding 5%; $Ethereum (ETH.CC)$ Ethereum climbed by 2.54% to $2,064.71, with a 24-hour rise surpassing 9%.

The Office of the Comptroller of the Currency (OCC) has issued a proposed rule that would establish regulatory requirements for ‘permissible payment stablecoin issuers’ operating within its jurisdiction, as well as for foreign issuers and certain custodial activities. Provisions related to BSA/AML and OFAC sanctions will be addressed in separate rulemaking by the Treasury Department. The public comment period will close 60 days after…