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SPIN Processed News Frame: The Cushion

Block says it has submitted an application to US regulators to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust (Elias Schisgall/Wall Street Journal)

Block, a fintech company, has filed an application with US federal regulators to charter Builders Bank & Trust — a new, federally regulated, uninsured national trust bank — signaling its strategic expansion into banking infrastructure.

Spin 75% Source-Supported AI Risk Moderate Needs Evidence

Techmeme

Sep 9, 2026