Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency is a U.S. federal banking regulator overseeing national banks and federal savings associations.
US Banks and Lobby Eyes Legal Challenges Over Crypto Bank Charter Regulations
US banking lobby and largest banks are considering lawsuits against federal regulators, particularly the OCC, over new crypto bank licensing rules. This move highlights the growing resistance within the traditional banking sector to crypto industry regulations. The outcomes could shape the future regulatory framework for crypto banks in the US.
Morgan Stanley Files for Crypto Custody Bank Charter to Enter Digital Asset Market
Morgan Stanley is seeking a federal trust charter to custody cryptocurrencies, marking its official entry into the crypto custody sector. This development indicates traditional banks are increasingly integrating digital assets into their services.
Crypto.com Secures Conditional OCC Approval for U.S. Trust Bank Charter
Crypto.com has received conditional approval from the OCC to establish a U.S. trust bank, joining Ripple in this milestone. This approval represents a significant advancement toward integrating cryptocurrencies into the traditional banking system.