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Sydney Sweeney hung bras on the Hollywood sign without permission

Well, they do say any attention is good attention.

Actor Sydney Sweeney was in the spotlight Monday after being captured on video recently scaling the H of the Hollywood sign under the cloak of darkness — to hang up some bras.

TMZ reported on the footage, which was part of a promotion for Sweeney’s upcoming lingerie line. But according to the Hollywood Chamber of Commerce, the alleged publicity stunt was not authorized.

The chamber owns the intellectual property rights to the sign, which is managed by the nonprofit Hollywood Sign Trust. Neither the chamber nor the trust knew about the apparent Sweeney stunt until they saw the video, officials told The Times.

“Anyone intending to use and/or access the Hollywood Sign for commercial purposes must obtain a license or permission from the Hollywood Chamber to do so,” the chamber’s chief, Steve Nissen, said in a statement. “The production involving Sydney Sweeney and the Hollywood Sign, as reported by TMZ, was not authorized by the Hollywood Chamber of Commerce nor did we have prior knowledge of it.”

Nissen also said that the organization “did not grant a license or permission of any kind to the production … nor did anyone seek a license or permission from the Chamber for that production.”

Footage obtained by TMZ shows Sweeney climbing up the Hollywood sign to help string up a clothesline of assorted bras across the familiar landmark. The “Christy” star is accompanied by a small crew that is filming her handiwork.

The team did obtain a general permit to film in the area from FilmLA.

But as is explained both on the Hollywood Chamber of Commerce and Hollywood sign websites, filming the sign itself requires additional clearance and payment of a licensing fee. The chamber says a portion of the proceeds goes to a trust that assists in maintaining the Hollywood sign. Access to the Hollywood sign is generally restricted.

So far, a police report that could trigger a trespass investigation and review by prosecutors has not been filed, according to L.A. Police Officer Tony Im, a department spokesperson.

Built in 1923, the Hollywood sign was donated to the city 21 years later. Climbing or altering the sign are not permitted — and have happened over the decades. Famously, the letters were changed to “Hollyweed” by a local college student on New Year’s Day 1976 when California downgraded the possession of a small amount of pot from a possible felony to a misdemeanor. That stunt was repeated in 2017. In that case, the suspect was arrested on suspicion of trespass. In 1987, Caltech students changed the sign overnight to read “Caltech.”

Last February, a man was arrested after he climbed onto the letter D as part of a social media promotion and was taken into custody.

As for Sweeney, this is not the first time the actor has been scrutinized for promotional activity involving clothing. The “Euphoria” star previously faced backlash for the slogan of an ad campaign involving jeans. (Sweeney later addressed the controversy, telling the Hollywood Reporter that she was “surprised by the reaction” and that she “[doesn’t] support the views some people chose to connect to the campaign. Many have assigned motives and labels to me that just aren’t true.”)

Representatives for Sweeney did not respond to The Times’ request for comment.

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Ripple Nears Banking License | Global Finance Magazine

Crypto firm Ripple has been granted conditional approval in its bid to secure a national trust bank charter from the Office of the Comptroller of the Currency (OCC)—the US federal regulator that supervises national banks and federal savings associations.

Ripple, together with four other crypto-related businesses, Circle, BitGo, Fidelity Digital Assets, and Paxos, won provisional agreement from the OCC despite opposition from Main Street banks.

The OCC tentatively approved Ripple, creator of the RLUSD dollar-backed stablecoin and XRP payment token, and Circle, issuer of the USDC stablecoin, to establish national trust banks. Elsewhere, the OCC also gave preliminary approval to BitGo, Fidelity Digital Assets, and Paxos, to convert from state-regulated trust companies to nationally regulated trust banks.

Analysts say the pushback from banking industry groups might be an overreaction. The American Bankers Association, Independent Community Bankers of America, and Bank Policy Institute argue that granting charters is a backdoor into the banking sector that poses a systemic risk.

“[The] decision by the OCC to grant conditionally five national trust charters leaves substantial unanswered questions,” said Greg Baer, president and CEO of the Bank Policy Institute, in a prepared statement. “Chiefly, whether the requirements the OCC has outlined for the applicants are appropriately tailored to the activities and risks in which the trust will engage.”

But national bank trust charters do not allow regulated entities to solicit deposits, offer checking or savings accounts, or access insurance from the FDIC [Federal Deposit Insurance Corporation], which underwrites most banking deposits in the US.

Despite the OCC’s provisional approval, crypto firms must still satisfy the OCC’s capital, risk, and governance standards before full approval is granted.

Meanwhile, Ripple has secured approval from Abu Dhabi’s financial regulator, permitting Ripple’s RLUSD stablecoin for use inside the Abu Dhabi Global Market (ADGM)—a financial center—as an Accepted Fiat-Referenced Token. Approval from the Financial Services Authority will place RLUSD alongside a small group of tokens approved for ADGM use. Earlier this year, RLUSD received approval from the Dubai Financial Services Authority and has recently expanded its Middle East footprint into neighboring Bahrain.

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