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What’s New Today: The U.S. Office of the Comptroller of the Currency says crypto firms deserve the same consideration as traditional banks when applying for national trust charters, dismissing industry objections.
Fast-Track Insights: OCC chief Jonathan Gould says restricting digital asset firms would “undermine” innovation. With 14 charter applications already this year, major players like Coinbase, Circle, and Ripple aim to bring payments and stablecoins under federal supervision. The OCC says it is fully equipped to oversee these new entrants.
Let’s dive into what this means for crypto, banking, and the next phase of digital finance.
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The head of the US Office of the Comptroller of the Currency has defended allowing crypto companies to apply for national trust bank charters, rejecting claims that they pose unique risks. He said digital asset firms should be assessed like traditional banks and noted the OCC has already received 14 charter applications this year. Coinbase, Circle, and Ripple are among those seeking federal oversight to expand services.
