SEC Chair States Most Crypto Assets Not Securities; Ripple Obtains Federal Banking Charter for Stablecoin Trust Bank

Stablecoin regulation is shifting towards a clearer federal framework following two key developments on October 31, 2026. SEC Chair Paul Atkins indicated that most crypto assets are not considered securities, signaling the SEC's current enforcement stance. Concurrently, Ripple received a federal banking charter for a trust bank focused on managing RLUSD reserves and digital-asset custody, establishing a federally regulated model for stablecoins.