The rule would have prohibited U.S. banks from denying services based on ideological factors.
Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime.
Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.
Former Treasury official Michael Barr is reportedly among several people being considered to replace Brian Brooks.
Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday.
The crypto industry has its first federally chartered bank: Anchorage.
“Money might be controlled by a handful of elites,” the departing bank regulator said at a Wednesday event. “Crypto is about freedom.”
Three interpretative letters from the Office of the Comptroller of the Currency lay the groundwork for banks to become crypto custodians, payment companies and miners in blockchain networks.
The Acting OCC head will reportedly end his brief tenure running the federal banking regulator by the end of the week.
The latest OCC statement, which opens the door for banks to use blockchains to validate payments, hints at more than just better services.
The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.
Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday.
The OCC's head economist said in a paper that chartering stablecoin providers would offer benefits to consumers as well as to the firms themselves.
Paxos has filed to become a federally regulated bank with the U.S. Office of the Comptroller of the Currency, joining BitPay and Anchorage.
Crypto payments firm BitPay has filed to become a national bank in the U.S., according to a Dec. 8 legal notice.