comptroller of the currency – DIGIT INFO

‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller

DIGIT — Tue, 07 Mar 2023 03:44:27 +0000

During a speech at a banking conference in DC, acting comptroller Michael Hsu said FTX was an example of why a “consolidated home country supervisor” is needed.

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‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions

DIGIT — Sat, 11 Feb 2023 02:04:58 +0000

On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million for offering an “unregistered offering” related to its U.S. staking service. Digital currency advocates are now debating what constitutes a yield product versus a noncustodial solution […]

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US Regulators and the Fed Jointly Issue Crypto Warnings

DIGIT — Thu, 05 Jan 2023 02:30:03 +0000

The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that are concentrated in crypto-asset-related activities or have concentrated exposures to the crypto-asset sector,” the […]

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Approach with caution: US banking regulator’s crypto warning

DIGIT — Fri, 09 Dec 2022 05:23:41 +0000

The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management.

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Binance US CEO Steps Down as the Crypto Exchange Faces Rising Regulatory Scrutiny

DIGIT — Fri, 06 Aug 2021 23:30:18 +0000

Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania. CEO of Binance US Resigns The CEO […]

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Brian Brooks defends fintech charter to House Financial Services Committee

DIGIT — Fri, 16 Apr 2021 05:06:43 +0000

Brian Brooks has defended the fintech charter he oversaw while heading the OCC, warning heavy-handed crypto regulations could undermine U.S. competitiveness globally.

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Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks’ Problems With Decentralization

DIGIT — Sun, 14 Jun 2020 21:10:37 +0000

The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar. Top US Banking Regulator Is Pro-Crypto Brian Brooks recently became the new acting Comptroller of the Currency, […]

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