Tagged: occ

April 30, 2026 @ 10:12 am By JD Alois  |  

Mercury Bank has received conditional approval for a national bank charter by the Office of the Comptroller of the Currency. In a public statement,  Immad Akhund, co-founder and CEO of Mercury, said they applied for a bank charter as founders need a bank that is… Read More

April 8, 2026 @ 1:34 pm By Omar Faridi  |  

Lorum, a correspondent institution that is currently serving financial institutions operating in the United States, has reportedly submitted an application for a US national bank charter. This is said to he part of a move that the company says will pave the way forward for… Read More

April 6, 2026 @ 9:54 am By Omar Faridi  |  

The Bank Policy Institute (BPI), an organization associated with some of the largest financial institutions in the US, is actively exploring the possibility of taking legal action against the Office of the Comptroller of the Currency (OCC). The dispute revolves around the federal regulator’s recent… Read More

April 2, 2026 @ 4:29 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has received conditional approval from the Office of the Comptroller of the Currency (OCC) to operate as a federally chartered trust company. A federally chartered trust company, or national trust bank, is a special-purpose financial institution that is not a bank but can… Read More

April 2, 2026 @ 7:57 am By Omar Faridi  |  

As part of the ongoing movement that is focused on blending traditional finance with cryptocurrency infrastructure, EDX Markets has submitted an application to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. The institutional cryptocurrency exchange, supported by key… Read More

March 30, 2026 @ 9:45 pm By Omar Faridi  |  

Valt has achieved conditional approval for a national banking charter from the Office of the Comptroller of the Currency (OCC). The purely online business banking provider, helmed by a leadership team drawn from former US Bank executives, stands on the threshold of operating as a… Read More

March 9, 2026 @ 3:59 am By Omar Faridi  |  

Elliptic has commented on significant steps taken toward integrating digital assets into the traditional financial system. Elliptic pointed out that the Office of the Comptroller of the Currency (OCC) has released detailed proposals to implement the GENIUS Act, a landmark law aimed at creating a… Read More

March 6, 2026 @ 6:41 am By Omar Faridi  |  

In a significant step toward regulatory clarity in the evolving digital asset space, the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC) jointly released new guidance and feedback on key issues. The document addresses… Read More

February 27, 2026 @ 12:28 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) recently took a decisive step forward by releasing a detailed notice of proposed rulemaking to put the Guiding and Establishing National Innovation for U.S. Stablecoins or GENIUS Act into practice. The 376-page proposal outlines operational standards… Read More

February 20, 2026 @ 1:46 pm By Omar Faridi  |  

As part of the ongoing effort focused on integrating digital assets into the traditional banking system, the Office of the Comptroller of the Currency (OCC) is advancing rules that would expand the scope of national trust bank charters. This move, highlighted in recent regulatory updates,… Read More

February 2, 2026 @ 1:31 am By Tony Zerucha  |  

BitGo, (NYSE: BTGO) a digital asset infrastructure company, announced that it has become the first publicly traded, federally chartered digital asset infrastructure company, following its initial public offering and related listing on the New York Stock Exchange on Jan. 22 and the receipt of final… Read More

January 30, 2026 @ 5:45 pm By JD Alois  |  

South America-based digital bank Nubank (Nu)  (NYSE:NU)has received approval for a federal bank charter by the Office of the Comptroller of the Currency. With approval, Nubank will be able to compete on a level playing field with other digital and legacy banks. As is typical,… Read More

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