Bitcoin custody stories

Sep 8, 2026

Jack Dorsey's Block applies for national trust bank charter to custody Bitcoin and stablecoins

Block Inc. has applied to the Office of the Comptroller of the Currency to establish Builders Bank & Trust, an uninsured national trust bank that would provide a federal framework for custody of Bitcoin, stablecoins, and other digital assets.

Sep 8, 20265 sources

Aug 5, 2026

Three Missouri Men Charged in Alleged Plot to Steal Bitcoin Through Connecticut Home Invasion

Federal prosecutors charged three Missouri men—Sedric Louis, John Davis, and Martel Williams—with conspiracy to commit Hobbs Act robbery over an alleged August 2024 plot to kidnap a Bitcoin holder and steal cryptocurrency through a planned home invasion in Connecticut. The defendants have pleaded not guilty and face up to 20 years in prison.

Aug 5, 20267 sources

Top claims

▪The proposed Builders Bank & Trust, N.A. would provide custody and fiduciary services for digital assets, but it would not accept deposits or make loans.
▪Lee Woolley has over two decades of banking and financial services experience, including prior senior leadership roles at Northern Trust and BNY Mellon.
▪The Office of the Comptroller of the Currency proposed implementing rules in February 2026 under the GENIUS Act, covering stablecoin reserves, redemption, custody, risk management, and issuer applications.

People involved

Jack Dorsey

Subtopics

Bitcoin2 Bitcoin security & risks1 Crypto1 Crypto & banking regulation1 Crypto privacy & surveillance1 Crypto regulation1 Institutional crypto adoption1 Stablecoins1

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