Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday.
The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers.
Brooks hinted at a flurry of crypto clarity actions in the next 6 weeks that could drive more institutions into the asset class.
President Trump has nominated former Coinbase counsel Brian Brooks to a full five-year term as Comptroller of the Currency, but will he be confirmed in time?
Congressional Democrats blasted the OCC and Acting Comptroller Brooks for spending time on crypto during a pandemic.
The OCC's July ruling that allowed banks to provide custody spurred the newfound interest, Brooks said.
U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.
Brian Brooks left Coinbase to lead the U.S. Office of the Comptroller of the Currency last month.
“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda.
A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions.
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.
Brian Brooks, now a US banking regulator, said creating a federal license for crypto startups might make more sense than subjecting them to 50 different state money transmitter approvals.
Coinbase chief legal officer Brian Brooks will be the new COO and first deputy at Office of the Comptroller of the Currency, which oversees banking regulation in the U.S.
Coinbase chief legal officer Brian Brooks thinks the private sector is best positioned to build America's digital dollar.
Coinbase has hired former Fannie Mae executive Brian Brooks as its new chief legal officer.