OCC


Policy

OCC Says Banks Can Engage in Crypto Custody and Certain Stablecoin Activities

OCC lifts approval and control requirements for banks engaging in cryptocurrency activities in new interpretive letter.

A sign outside the OCC office (CoinDesk)

Policy

U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud

Michael Hsu, the acting chief of the U.S Office of the Comptroller of the Currency that oversees banks, is excited about the possibilities of tokenization to solve settlement problems.

Michael Hsu (Jesse Hamilton/CoinDesk)

CoinDesk Indices

What in the World Is Going on With Crypto Regulation?

In years past, regulatory clarity has fueled crypto bull markets. While global strides in clear crypto regulations are evident, particularly in Hong Kong, EU and UK, the US lags, emphasizing the need for enhanced regulatory certainty in the industry's advancement.

(Alin Andersen /Unsplash)

Policy

Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight

Anchorage Digital stands alone as the only OCC-chartered crypto bank after other efforts have fizzled out or been withdrawn.

Figure Technologies CEO Mike Cagney (CoinDesk archives)

Policy

That Binance Suit Sure Seems Bigger Than Just a CFTC Case

The implications of the CFTC’s lawsuit against Binance extend well beyond any civil action.

(Nikhilesh De/CoinDesk)

Finance

The Short-Sightedness of Run-Amok Regulators

Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.

(EschCollection/GettyImages)

Policy

Brian Brooks: U.S. Government Using Crisis to Choke Off Crypto Access to Banks

The former acting head of the OCC said federal regulators are working together to keep crypto assets out of the U.S. banking system.

Brian Brooks in 2021 (CoinDesk TV)

Policy

U.S. Banking Watchdog: You Can’t Trust Crypto Firms Until They Get Federal Oversight

The chief of the Office of the Comptroller of the Currency equated the FTX collapse with a well-known 1990s bank failure in arguing for consolidated industry regulators.

Acting OCC Chief Michael Hsu (Jesse Hamilton/CoinDesk)

Policy

U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody

Rep. Patrick McHenry, chairman of the House Financial Services Committee, and Sen. Cynthia Lummis teamed up on a letter questioning regulators about crypto accounting policy.

U.S. Sen. Cynthia Lummis (left) and Rep. Patrick McHenry (Shutterstock/CoinDesk)

Finance

Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source

Some employees are still in place and the firm’s operations are ready to launch, but money is a problem, said a person familiar with the situation.

Ron Totaro, CEO de Protego Trust Bank. (Protego Bank)