A new interpretive letter from the Office of the Comptroller of the Currency paves the way for stablecoins and public blockchains to be fully integrated in the financial infrastructure.
US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins
Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday.
US House Financial Services Chair Waters Recommends Joe Biden Rescind OCC Crypto Guidance
House Financial Services Chair Maxine Waters told President-elect Joe Biden to undo the OCC’s crypto guidance after he takes office next year.
OCC Chief Hints at Coming ‘Good’ Actions on Crypto by End of Trump’s Term
Brooks hinted at a flurry of crypto clarity actions in the next 6 weeks that could drive more institutions into the asset class.
A Crypto Ally as Top US Bank Regulator?
President Trump has nominated former Coinbase counsel Brian Brooks to a full five-year term as Comptroller of the Currency, but will he be confirmed in time?
Crypto-Friendly Brooks Gets Nod to Serve 5-Year Term Leading Bank Regulator
Outgoing U.S. President Donald Trump has nominated Acting Comptroller Brian Brooks to take on a more permanent role leading the bank regulator.
US Representatives Rip OCC, Brooks for ‘Excessive Focus’ on Crypto
Congressional Democrats blasted the OCC and Acting Comptroller Brooks for spending time on crypto during a pandemic.
US Banks Could Seek to Partner With or Buy Crypto Custodians, OCC’s Brooks Says
The OCC’s July ruling that allowed banks to provide custody spurred the newfound interest, Brooks said.
Banks in US Can Now Offer Crypto Custody Services, Regulator Says
U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.
Coinbase’s Ex-Lead Lawyer Sold $4.6M in Stock to Lead US Banking Watchdog
Brian Brooks left Coinbase to lead the U.S. Office of the Comptroller of the Currency last month.
‘Inherently Borderless’: Acting OCC Chief Talks Crypto, State Licenses and DeFi
“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda.
US Bank Regulator OCC Asks for Public Input on Cryptocurrency Use in Financial Sector
A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions.
A Former Coinbase Lawyer Is About to Become Acting Head of US Bank Regulator
Brian Brooks, a former Coinbase lawyer and the No. 2 at a U.S. banking regulator, may soon take the top job – at least, temporarily.
A Former Coinbase Lawyer Is About to Become Acting Head of US Bank Regulator
Brian Brooks, a former Coinbase lawyer and the No. 2 at a U.S. banking regulator, may soon take the top job – at least, temporarily.
US Banking Regulator Suggests Federal Licensing Framework for Crypto Firms
Brian Brooks, now a US banking regulator, said creating a federal license for crypto startups might make more sense than subjecting them to 50 different state money transmitter approvals.
Coinbase Chief Legal Officer Leaves to Take Senior Role at US Bank Regulator
Coinbase chief legal officer Brian Brooks will be the new COO and first deputy at Office of the Comptroller of the Currency, which oversees banking regulation in the U.S.
Coinbase Legal Chief Says Private Sector Should Build US Digital Dollar
Coinbase chief legal officer Brian Brooks thinks the private sector is best positioned to build America’s digital dollar.
Coinbase Hires Fannie Mae Executive as Chief Legal Officer
Coinbase has hired former Fannie Mae executive Brian Brooks as its new chief legal officer.