Figure Technologies, Inc., has pulled its application to become a federally chartered bank in the U.S., ending a three-year rollercoaster ride as regulators clamped down on crypto activity and digital assets banking suffered a black eye when regional lenders associated with the tech world cratered earlier this year.
U.S. Banking Watchdog Makes Case for Tokenization, Just Not on Public Blockchains
Self-styled crypto skeptic Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency (OCC), said tokenization of assets is a serious advance into the future of finance, but decentralized blockchains may be too problematic to handle that movement.
Stablecoin issuer Paxos reportedly probed by New York regulators
While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year.
Biden to nominate anti-crypto and anti-big bank law professor to run the OCC
Omarova has stated she hopes to “end banking as we know it” but believes large financial firms can abuse the crypto market outside of regulators’ view.
Ex-OCC Chief Brooks Calls Tesla’s Bitcoin Buy a Bit ‘Scary News’ for Rest of World
Brooks noted that the U.S. money supply will have risen 40% over the last 12 months once the most recent round of stimulus is done.
Protego Becomes Second Crypto Firm to Win Bank Charter From OCC
The conditional approval from the U.S. banking regulator follows Anchorage’s approval last month.
OCC Chief Brian Brooks Is Stepping Down Thursday
Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday.
Anchorage Becomes First OCC-Approved National Crypto Bank
The crypto industry has its first federally chartered bank: Anchorage.
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.