The European Banking Authority named USDC on October 14 as the first "significant" e-money token under the EU's Markets in Crypto-Assets Regulation, known as MiCA, according to Bitcoin.com News's weekly crypto law roundup. Of 45 e-money tokens notified under MiCA, USDC, issued in the EU by Circle Internet Financial Europe SAS, is the first to meet the significance criteria. From November 12, 2026 it moves to dual supervision, with the EBA itself supervising areas including reserves and liquidity, while France's prudential regulator, the ACPR, keeps governance and related areas. The label reflects size, and the EBA did not find USDC noncompliant. It also lands awkwardly beside France's push to apply its 31.4% capital gains rate to swaps into MiCA-regulated stablecoins, a tax aimed at this exact category of token. In the US the same week, the Office of the Comptroller of the Currency released its review of debanking at the nine largest national banks it supervises. All nine kept policies from 2020 through September 2025 that could restrict services over lawful business activity or nonfinancial considerations, and digital-asset issuers, exchanges and administrators were among the restricted sectors. The OCC went through about 50,000 documents, roughly 420,000 pages, and nearly 100,000 complaints to reach that finding.