OCC – Page 2 – DIGIT INFO

Federal Reserve, FDIC, OCC Discuss Allowing Banks to Hold Crypto on Balance Sheets

Federal Reserve, FDIC, OCC Discuss Allowing Banks to Hold Crypto on Their Balance Sheet

A group of U.S. banking regulators is working on how banks can be allowed to offer crypto services and hold cryptocurrencies on their balance sheets. The chairman of the Federal Deposit Insurance Corporation (FDIC) said, “If we don’t bring this activity inside the banks, it is going to develop outside of the banks … The […]

Go to Source

Senator pressures OCC nominee over missing Marxism thesis from Moscow Uni

“I don’t think I’ve ever seen a more radical choice for any regulatory spot in our federal government,” said Senator Pat Toomey.

Go to Source

Opposition mounts to Biden’s OCC pick, fears she could ‘regulate crypto into oblivion’

Texas Senator Ted Cruz is among a number of politicians and bankers that are opposed to the nomination of Saule Omarova.

Go to Source

Acting OCC head warns that ‘fools gold’ in DeFi reminds him of lead-up to GFC

While crypto has been mostly weathered past hacks, scams, and crashes, acting OCC head Michael Hsu warns the risks may be multiplying as the technology goes mainstream.

Go to Source

Biden to nominate anti-crypto and anti-big bank law professor to run the OCC

Omarova has stated she hopes to “end banking as we know it” but believes large financial firms can abuse the crypto market outside of regulators’ view.

Go to Source

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

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 […]

Go to Source

US regulators must collaborate on ‘regulatory perimeter’ for crypto: OCC head

Acting OCC head, Michael Hsu, wants greater inter-agency cooperation in establishing regulatory guidelines for the crypto sector.

Go to Source

US Regulators Urgently Working on Joint Cryptocurrency Regulation: Fed’s Quarles Says It’s ‘High Priority’

US Regulators Urgently Working on Joint Cryptocurrency Regulation: Fed's Randal Quarles Says It's a 'High Priority'

U.S. government agencies are urgently working together on a joint regulatory framework for cryptocurrencies, Federal Reserve Vice Chair of Supervision Randal Quarles has confirmed. “We along with the OCC and the FDIC are engaged right now in what we are calling a sprint in seeking to pull together views on” crypto regulation. US Agencies Collaborating […]

Go to Source

Fraudsters Impersonate a US Federal Agency by Sending Emails Asking for Bitcoin Wallet Keys

Fraudsters Are Impersonating a US Federal Agency by Sending Emails to Ask for Bitcoin Wallet Keys

U.S. consumers have been receiving fake emails that attempt to impersonate a federal regulatory agency which has raised alarms among crypto community members. The U.S. Office of the Comptroller of the Currency (OCC) warned that such bogus messages ask people for their bitcoin wallet keys. Fictitious Message Contains Several Grammar Mistakes and Typos According to […]

Go to Source

Top US Banking Regulator to Review Cryptocurrency Standards Under New Leadership

The new Acting Comptroller of the Currency, Michael Hsu, has requested a review of the cryptocurrency standards established by the top U.S. banking regulator. He is also urged to “reassess any conditional national trust charters and halt the approval of any additional charters to nonbank entities” during the review. Top Banking Regulator Reviewing Crypto Policy […]

Go to Source