Circle Internet Group has won OCC approval to launch Circle National Trust, a federally chartered national trust bank that will anchor the infrastructure behind its USDC stablecoin. The circle national trust bank charter positions Circle ahead of pending federal stablecoin legislation and opens a potential institutional custody business.

The U.S. Consumer Price Index fell 0.4% in June — the largest monthly drop since April 2020 — triggering a sharp U.S. inflation crypto rally and $112 million in leveraged short liquidations within the first hour. Bitcoin rose roughly 2.5% to $63,800, while prediction markets put the odds of a Fed hold at the July 28–29 meeting at 94%.

President Trump has publicly called on Congress to pass the Clarity Act crypto bill, invoking Senator Lindsey Graham's name to build momentum for a comprehensive digital asset regulatory framework. The move marks the clearest White House signal yet that market-structure legislation for crypto is a named executive priority.