The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.
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.
OCC Economist Cites Benefits of Issuing Bank Charters to Stablecoin Providers
The OCC’s head economist said in a paper that chartering stablecoin providers would offer benefits to consumers, as well as to the firms themselves.
Paxos Becomes Latest Crypto Firm to File for Federal Bank Charter
Stablecoin issuer and crypto services firm Paxos has filed to become a federally-regulated bank in the U.S. According to a public document released Wednesday and dated Dec. 8, Paxos is seeking to create the Paxos National Trust, filing an application with the Office of the Comptroller of the Currency (OCC). It joins crypto payments firm […]
Crypto Startup BitPay Files to Become Federally Regulated US Bank
Crypto payments firm BitPay has filed to become a national bank in the U.S.
We Don’t Need the OCC’s ‘Political Discrimination’ Rule
A proposed OCC rule would stop banks from using political criteria in lending. But we don’t need it, says our columnist.
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.
US Regulator Seeks End to Bank Deplatforming of ‘Disfavored’ Industries (Like Crypto)
Call it the CPR for Operation Choke Point.
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.
Figure Technologies Applies for US National Bank Charter
A charter would give the fintech national clearance for its blockchain-based financial services.
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.
Election 2020: What’s at Stake for the Crypto Industry
While neither major Presidential candidate is campaigning on a crypto platform, who they appoint to head up federal agencies will shape policy for years to come.
OCC’s First Issued Guidance for Stablecoins Brings More Questions
For some, the OCC’s recent stablecoin guidance, while helpful, raises as many issues as it clarifies.
OCC: Banks Can Hold Some Stablecoin Reserves
The U.S. OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S.
Senate Banking Chairman Asks OCC About Its Planned Crypto Rulemaking
U.S. Senate Banking Committee Chairman Mike Crapo asked to know more about the OCC’s potential crypto guidance, but encouraged clear regulation.
US Regulator to Shake Up Banking With Federal Charters for Payment Firms
Acting Comptroller of Currency (and former Coinbase exec) Brian Brooks is spearheading the move to let payment firms operate as banks across state lines.
The OCC’s Crypto Custody Letter Was Years in the Making
The Office of the Comptroller of the Currency has been evaluating the cryptocurrency space for years, well before it publicly announced banks could provide services in the field last month.
Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services
Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space.