What happened: The move aims to regulate the country's growing crypto market and restrict trading on foreign platforms.
Cross-source context: Cointelegraph highlights the US banking giant seeks trademark protection for “WFUSD,” covering crypto trading, payments, staking software and blockchain-based financial services. The Block highlights wells Fargo filed a trademark for “WFUSD” covering digital asset software and tokenization services, extending its crypto push.
What to watch next: movement around exchanges, offshore.