NEW: Wise will resubmit its US trust charter application under the GENIUS Act framework, per Cointelegraph.

What happened

Wise announced it will refile its application for a U.S. trust charter using the framework created by the GENIUS Act.

Confirmed

Global impact / market context

A U.S. trust charter would let Wise hold customer funds directly, reducing reliance on third‑party banks, lowering costs, and potentially expanding its product range for American users.

Analyst inference

The United States is reviewing new legislation, the GENIUS Act, that could change how fintech firms obtain trust charters, which are licenses to hold and manage customer assets.

Confirmed

What to watch

1. Whether the U.S. regulator approves Wise’s refiled application, which would allow the company to offer custodial services to U.S. customers. Analyst inference
2. How other fintech firms respond to the GENIUS Act framework, potentially filing similar charter requests. Analyst inference
3. Any legislative changes or guidance from the regulator that could speed up or delay the charter approval process. Analyst inference

Evidence

• x.com