Wise intends to file a fresh application for a national trust bank charter using the GENIUS Act framework after the OCC rejected its earlier request. The company said it aims to reduce the cost of cross‑border transactions, independent of any specific stablecoin rail. The OCC denied Wise’s original application on July 22, stating that the firm could not demonstrate an effective anti‑money‑laundering (AML) and countering the financing of terrorism (CFT) compliance program and that it posed “other illicit finance activity risks.” Investment banking group William Blair commented that Wise is unlikely to alter its position on payment stablecoins despite the charter denial. The GENIUS Act requires stablecoin providers to meet specific regulatory standards before the law’s provisions take effect in January 2027, but agencies missed a deadline last week to issue implementation guidance. Since the law’s passage, the OCC has approved charter applications for Circle, Ripple Labs, Crypto.com and Coinbase. Wise’s resubmission will focus on meeting the OCC’s compliance requirements, though the company has not detailed how it will address the previously identified gaps. Regulators have until January 2027 to finalize implementation rules, and the outcome of Wise’s charter request may influence how payment stablecoins are offered in the United States.