OCC


Policy

The OCC's Crypto Custody Letter Was Years in the Making

The Office of the Comptroller of the Currency has been evaluating the cryptocurrency space for years, well before it publicly announced banks could provide services in the field last month.

A sign outside the OCC office (CoinDesk)

Policy

Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services

Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space.

National banks are looking for more clarity around crypto, they told a federal regulator last week. (Steven Bornholtz/Wikimedia Commons, modified with PhotoMosh)

Policy

Banks Won't Rush to Hold Crypto – But OCC's Regulatory Approval Makes It Harder to Ignore

Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.

OCC

Markets

Blockchain Bites: OCC's Crypto Letter, Eth 2.0's 'Official' Testnet and Dinwiddie's Tokenized Airball

Visa said crypto is part of "the future of money," members of the U.S. Senate think the dollar should go digital and OCC will allow banks to custody crypto.

1908 photograph of a vault door

Markets

Don't Expect Banks to Jump on the OCC Crypto Custody News

The OCC's ruling means nationally chartered banks can now custody crypto. But, given relatively low level of institutional interest, don't count on services appearing soon.

wallst

Policy

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.

Bank vault (State Library of New South Wales, modified by CoinDesk using PhotoMosh)

Policy

Coinbase's Ex-Lead Lawyer Sold $4.6M in Stock to Head US Banking Watchdog

Brian Brooks left Coinbase to lead the U.S. Office of the Comptroller of the Currency last month.

First Deputy Comptroller Brian Brooks speaks at CoinDesk's Consensus: Distributed. (CoinDesk archives)

Policy

'Inherently Borderless': Acting OCC Chief Talks Crypto, State Licenses and DeFi

“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda.

Brian Brooks

Policy

US Bank Regulator OCC Asks for Public Input on Cryptocurrency Use in Financial Sector

A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions.

occ logo

Markets

US Banking Regulator Suggests Federal Licensing Framework for Crypto Firms

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.

First Deputy Comptroller Brian Brooks speaks at CoinDesk's Consensus: Distributed. (CoinDesk archives)