OCC

OCC

OCC Acting Director Tells Senate Panel Crypto Custody Charter Is Under Review

In testimony before the Senate Banking Committee, Michael Hsu said some past crypto initiatives had not been done “in coordination with all stakeholders.”

Policy & regulation  ·  3 August 2021

Has the Biden Administration Lost the Plot on Crypto Regulation?

The White House and Congress have yet to offer policy clarity for the crypto industry. Their agenda isn't focused on innovation and growth.

Policy & regulation  ·  1 July 2021
Regulation

OCC Chief Says US Officials Should Set ‘Regulatory Perimeter’ for Crypto: Report

“It really comes down to coordinating across the agencies,” said the acting comptroller. "There is interest in coordinating a lot more of these things.”

News  ·  1 June 2021
Regulation

Gensler Says SEC Should Be ‘Ready to Bring Cases’ Involving Crypto

The SEC chair continued to highlight investor protection as he previewed the regulator’s cryptocurrency enforcement efforts.

Policy & regulation  ·  20 May 2021
Regulation

OCC Warns of Fraudulent Emails Seeking Bitcoin Wallet Keys

The U.S. regulator said it did not send the messages or hold any funds for individual benefit.

News  ·  20 May 2021
Paxos

Senate Banking Chairman ‘Concerned’ by OCC’s Crypto Charters

Sherrod Brown specifically pointed to the OCC trust charters granted to Paxos, Protego and Anchorage.

Policy & regulation  ·  19 May 2021
Federal Reserve

OCC, Fed, FDIC Mulling Forming an Interagency Policy Team on Crypto

"Prior to this meeting, Vice Chair Quarles, Chair McWilliams and I had talked about potentially putting together an interagency policy sprint team just on crypto because of exactly the concerns you've described," Hsu said.

News  ·  19 May 2021
Banking

New OCC Chief Signals Greater Caution on Crypto

"We created an Office of Innovation, updated the framework for chartering national banks and trust companies, and interpreted crypto custody services as part of the business of banking. I have asked staff to review these actions," Acting Comptroller Michael Hsu said.

News  ·  18 May 2021
Newsletters

State of Crypto: Meet Lael Brainard, the Fed’s CBDC Champion

Last year, Federal Reserve Governor Lael Brainard announced the Boston branch of the U.S. central bank was exploring a digital dollar. She’ll be speaking next week at Consensus.

Policy & regulation  ·  18 May 2021
OCC

Fed Director Michael Hsu to Succeed Brian Brooks at OCC

Hsu was part of the Fed's bank supervision division. Brooks, now CEO of Binance.US, pushed crypto-friendly rules while in D.C.

News  ·  7 May 2021
Paxos

Paxos Becomes Third Federally Regulated Crypto ‘Bank’

Paxos earns a provisional trust charter through the U.S. Office of the Comptroller of the Currency.

News  ·  23 April 2021
Newsletters

State of Crypto: What’s Next for the OCC?

The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.

Policy & regulation  ·  23 March 2021
OCC

Federal Credit Union Regulator Should Look at Crypto Rules, Official Says

The NCUA could look at the Office of the Comptroller of the Currency's crypto guidance as an example, Kyle Hauptman said.

Policy & regulation  ·  3 March 2021
Banking

Anchorage, Newly Cleared as US Crypto Bank, Raises $80M From A16z and Others

The round in the crypto custodian was led by GIC, Singapore’s sovereign wealth fund.

Business  ·  25 February 2021
Banking

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.

Business  ·  5 February 2021