OCC – DIGIT INFO

Crypto Bank Charter Battle Grows as OCC Clears Coinbase, Ripple, Bitgo and Others

DIGIT — Wed, 20 May 2026 23:30:06 +0000

National trust charters pushed crypto custody into a broader regulatory clash as U.S. Senator Elizabeth Warren pressed the OCC over approvals tied to Coinbase, Ripple, Bitgo, and other firms. Bitgo CEO Mike Belshe countered that fiduciary custody separates client property from lending risks. OCC Charter Fight Puts Digital Asset Custody Under Scrutiny The crypto bank […]

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Sen. Warren Accuses OCC of Granting Illegal Charters to Coinbase, Ripple, and 7 Others

DIGIT — Tue, 19 May 2026 18:37:16 +0000

Sen. Elizabeth Warren sent a formal letter to OCC Comptroller Jonathan Gould on May 18, 2026, accusing the agency of illegally granting national trust charters to at least nine crypto companies and demanding full records by June 1. Warren Targets OCC Over Crypto Bank Charters That Allegedly Bypass Federal Safeguards Elizabeth Warren, the ranking member […]

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OCC Gives Augustus Conditional Approval to Build AI-Native Clearing Bank in the US

DIGIT — Mon, 11 May 2026 20:40:32 +0000

The Office of the Comptroller of the Currency (OCC) has granted Augustus conditional approval to establish Augustus Bank, N.A., a clearing bank built from the ground up around stablecoin and artificial intelligence (AI) infrastructure. Augustus Clears First OCC Hurdle for AI Clearing Bank The New York-based company, formerly known as Ivy, announced the conditional approval […]

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ICBA Warns Kraken OCC Charter Bid Threatens US Bank Deposits and Financial Stability

DIGIT — Mon, 11 May 2026 19:20:16 +0000

Community bankers are pushing back hard now that crypto exchanges are applying for national trust bank charters, with the Independent Community Bankers of America (ICBA) calling the move a threat to financial stability and consumer protections. At the same time, other bankers are concerned with the CLARITY Act and stablecoins. ICBA Tells OCC to Rescind […]

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Kraken Parent Payward Targets OCC Charter to Unlock Institutional Digital Asset Custody

DIGIT — Sat, 09 May 2026 16:43:10 +0000

Payward, the parent company of Kraken, has filed an application with the Office of the Comptroller of the Currency for a national trust company charter aimed at expanding federally regulated custody services for digital assets. Kraken’s Parent Files OCC Trust Charter Application to Serve U.S. Institutional Clients If approved by the OCC, the new entity […]

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Circle Urges OCC to Finalize Strong GENIUS Act Stablecoin Rules

DIGIT — Wed, 06 May 2026 23:32:54 +0000

Circle urged the OCC to finalize clear, consistently applied GENIUS Act rules for payment stablecoin issuers. The company said the proposed framework should support reliable redemption and strong risk controls for regulated digital payment instruments. Circle Backs National Stablecoin Licensing Standards Circle Internet Group (NYSE: CRCL) revealed May 5 that it had submitted comments on […]

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OCC Stablecoin Yield Ban Could Hit Distribution Partners, Consensys Says

DIGIT — Sun, 03 May 2026 00:30:39 +0000

Stablecoins could face disrupted distribution under proposed OCC rules that broaden yield restrictions beyond issuers. Consensys warned the framework may impact related third parties, DeFi access, and multi-brand issuance under the GENIUS Act. Key Takeaways: Stablecoins face disruption as OCC rules may expand yield limits to third-party partners. Consensys argues proposal misclassifies DeFi activity and […]

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US Banking Group Slams Coinbase Conditional Trust Approval, Citing Risks in Crypto Banking Expansion

DIGIT — Sat, 04 Apr 2026 23:40:58 +0000

Regulatory tensions rise as Coinbase’s banking ambitions draw sharp opposition, highlighting risks tied to oversight gaps and institutional integration within U.S. financial systems. Key Takeaways: U.S. banking group criticized OCC’s conditional approval of Coinbase, warning the move could expose U.S. consumers to risk. Coinbase Global’s trust plan targets institutional custody, deepening crypto ties to banking. […]

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Coinbase Clarifies ‘We Are Not Becoming a Bank’ After Receiving Conditional OCC Nod That Hints at Bigger Moves

DIGIT — Sat, 04 Apr 2026 01:30:15 +0000

Coinbase’s OCC trust charter approval cements a federally regulated path for crypto infrastructure, with CEO Brian Armstrong clarifying it is not becoming a bank as the firm advances institutional custody ambitions without entering traditional lending or deposit activities. Coinbase OCC Trust Charter Signals Federal Crypto Oversight Shift Crypto exchange Coinbase (Nasdaq: COIN) said it is […]

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Coinbase Joins Ripple, Circle With Conditional OCC National Trust Charter Approval

DIGIT — Thu, 02 Apr 2026 16:25:00 +0000

Coinbase has received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust company charter, the company announced Thursday. Coinbase Moves Closer to Federal Crypto Custody With OCC Approval According to a Bloomberg report, the OCC granted the preliminary green light to Coinbase National Trust Company, which Coinbase filed […]

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