OCC – DIGIT INFO

Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with […]

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‘Operation Choke Point 2.0’ may have contributed to SVB collapse: Mulvaney

While the existence of “Operation Choke Point 2.0” has not been confirmed, Mick Mulvaney spoke of “rumors” of its existence and the potential side effects of such a policy.

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Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty

It’s unclear whether Anchorage Digital’s layoffs relate to the current turmoil in the U.S. banking sector.

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US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks

US Regulators and the Fed Jointly Warn Crypto's Liquidity Risks

U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.” US Regulators Issue Joint Statement on Crypto […]

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US Regulators and the Fed Jointly Issue Crypto Warnings

The Fed and US Regulators Jointly Issue Crypto Warnings

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

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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OCC makes its staff available for fintech-related discussions

The announcement of one-on-one discussions with the OCC followed the department saying it planned to establish an Office of Financial Technology starting in 2023.

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OCC’s Hsu says regulators are ‘spending too much time’ on crypto: Reuters

Michael Hsu stated that it is starting to worry him that “we’re not spending that time and attention on some other things,” like fintech, which he described as the “future.”

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Acting OCC comptroller calls for standards on stablecoins

According to Michael Hsu, representatives from the crypto industry as well as within the U.S. government could work toward setting standards on stablecoins.

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Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26

The future of crypto adoption will largely depend on which of the competing narratives about digital assets and blockchain’s environmental effects prevails.

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