Tagged: occ

January 2, 2026 @ 4:55 pm By JD Alois  |  

Debanking was prevalent during the Biden Administration. In effect, certain individuals and businesses were “debanked” because they were deemed to be in an undesirable line of business or were affiliated with entities viewed as not aligned with administration goals. This does not include criminal or… Read More

December 20, 2025 @ 11:02 am By Omar Faridi  |  

Mercury announced they have submitted an application to the Office of the Comptroller of the Currency (OCC) for a national bank charter and applied for federal deposit insurance with the Federal Deposit Insurance Corporation (FDIC). The applications mark a milestone in their evolution and a… Read More

December 18, 2025 @ 5:55 pm By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) has recently reported the key issues that are now said to be facing the US federal banking system in the Semiannual Risk Perspective for Fall 2025. The OCC reported that the strength of the federal banking… Read More

December 12, 2025 @ 6:24 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has approved five national trust bank charter applications. The approvals are conditional but will allow the entities to operate under federal rules. The entities approved are in the digital asset sector, including First National Digital Currency… Read More

December 12, 2025 @ 9:31 am By JD Alois  |  

As was reported earlier, the Office of the Comptroller of the Currency (OCC) released a preliminary review of Debanking. The action of Debanking individuals and other organizations was a nefarious pursuit that came to light during the Biden Administration. In effect, banks would close accounts,… Read More

December 11, 2025 @ 12:09 pm By JD Alois  |  

During the Biden Administration, policy was aligned against Fintech innovation, including digital assets. Banks were effectively warned not to engage in the crypto sector, something that led to some being debanked – a nefarious action of cutting out firms and individuals from the financial sector…. Read More

November 20, 2025 @ 11:17 am By Omar Faridi  |  

Telcoin has secured final regulatory approval from the Nebraska Department of Banking and Finance to operate as the nation’s first chartered Digital Asset Depository Institution (DADI). The approval reportedly marks one of the first times a state has granted a full banking charter specifically designed… Read More

November 19, 2025 @ 12:40 pm By JD Alois  |  

In a stark reversal from the Biden administration, the Office of the Comptroller of the Currency (OCC) has issued a statement that chartered banks may hold crypto. During the Biden years, the government took a distinctly hostile stance toward digital assets and innovation in general…. Read More

October 16, 2025 @ 2:35 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has provided a provision bank charter to Erebor Bank, the first de novo national bank charter issued under the current administration. Erebor Bank is a digital asset-friendly bank that has the support of some big names,… Read More

October 4, 2025 @ 2:03 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is taking a step forward in further expanding its business capabilities and regulatory oversight beyond the current framework, as part of an effort to pave the way for tech advancements and growth in building a financial system enabled by digital assets. By seeking… Read More

August 23, 2025 @ 8:05 am By Omar Faridi  |  

In a key development for the cryptocurrency industry, the Office of the Comptroller of the Currency (OCC) has lifted a consent order imposed on Anchorage Digital in 2022, marking a pivotal moment for the only crypto firm holding a national bank charter. Anchorage Digital has… Read More

August 13, 2025 @ 10:59 pm By Omar Faridi  |  

Alpaca, a self-clearing broker-dealer and brokerage infrastructure, announced that it has been approved as a clearing member by The Options Clearing Corporation (OCC), the world’s equity derivatives clearing organization, and the Fixed Income Clearing Corporation (FICC), which provides central clearing “for U.S. government Treasuries and… Read More

August 11, 2025 @ 9:22 pm By Omar Faridi  |  

Paxos, a regulated blockchain infrastructure and tokenization platform, announced that it has filed an application to convert its New York Department of Financial Services (NYDFS) trust charter into a national trust charter under the supervision of the Office of the Comptroller of the Currency (OCC)…. Read More

July 14, 2025 @ 7:43 pm By Omar Faridi  |  

The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) released a pivotal joint statement outlining operational guidance for banks engaging in cryptocurrency custody services. This development marks a significant step in integrating digital assets into… Read More

July 1, 2025 @ 10:11 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Spring 2025. The OCC reported that the strength of “the federal banking system remains sound.” Consumer sentiment, geopolitical risk, sustained higher interest… Read More

May 10, 2025 @ 4:07 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) has recently unveiled a series of transformative updates aimed at strengthening bank supervision and embracing technological innovation, particularly in the realm of cryptocurrency. These changes, detailed in Bulletin 2025-9 and News Releases NR-OCC-2025-43 and NR-OCC-2025-44, reflect… Read More

May 8, 2025 @ 5:45 pm By Omar Faridi  |  

The United States under the Trump Administration making significant strides in shaping the future of digital assets, with recent legislative and regulatory developments signaling a decisive and transformative shift in how cryptocurrencies and blockchain technologies are integrated into the financial system. From state-level initiatives to… Read More

April 19, 2025 @ 10:53 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) announced that it has “conditionally” approved the merger of Discover Bank, Greenwood, Delaware, into Capital One, National Association, McLean, Virginia. The OCC conducted a fulsome review of the application “submitted March 21, 2024, to ensure all… Read More

March 21, 2025 @ 11:01 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) announced that it will no longer examine its regulated institutions for “reputation risk” and is removing references to reputation risk from its Comptroller’s Handbook booklets and guidance issuances. These actions reportedly aim to support the OCC’s… Read More

March 9, 2025 @ 4:38 pm By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) took action to affirm that a range of cryptocurrency activities are permissible in the federal banking system. The previous administration had sought to deter regulated banks to participate in crypto affiliated activities. The OCC published Interpretive… Read More