OCC’s Gould skeptical of concerns about bank charters for crypto firms
Comptroller of the Currency Jonathan Gould dismissed concerns raised by bank advocates and others about allowing digital asset firms to ...
Tag: Cryptocurrency
OCC releases correspondence on crypto activities
The OCC recently released its correspondence to banks that sought to engage in cryptocurrency-related activities as part of an effort ...
OCC allows banks to hold crypto to cover related fees
The OCC issued an interpretive letter stating that national banks are permitted to hold small amounts of crypto assets, as ...
FDIC considering tokenized deposit insurance guidance, stablecoin issuer rules
The FDIC is considering guidance on tokenized deposit insurance for banks that want to explore the option, and the agency ...
Agencies form strike force to target cryptocurrency scams
Federal law enforcement agencies announced the formation of an interagency “strike force” to target Southeast Asian cryptocurrency-related investment scams and ...
Survey: Most consumers would try stablecoins if offered by banks
Nearly three in four consumers are open to trying stablecoins and other digital currency services if offered by their primary ...
Fed’s Miran: Stablecoins pose little risk to bank deposits
Passage of a new regulatory framework for stablecoins likely won’t lead to a flood of bank customers pulling their money ...
Fed’s Waller: ‘Skinny’ master account would only be available to banks
Federal Reserve Governor Christopher Waller sought to clear up confusion about his proposal for the creation of a “skinny” master ...
ABA, associations share recommendations for implementing Genius Act
As the Treasury Department crafts regulations to implement the Genius Act, it should seek to preserve the benefits of payment ...
Bowman: Regulation preventing banks from engaging in economic innovations
The economy has changed significantly since the 2008 financial crisis, but regulation is holding back banks from fully engaging with ...
