Bankers Urge OCC to Slow Crypto Trust Bank Charters

US Banking Lobby Urges OCC To Delay Crypto Charter Applications Approval

The US’s largest banking lobby has requested the Office of the Comptroller of the Currency (OCC) delay its approval of crypto bank charter applications, suggesting the regulator wait until regulatory uncertainty is cleared. Related Reading: Hong Kong Unveils New Rules To Allow Crypto Margin Financing And Perpetual Contracts US Banks Call For Crypto Charter Reviews […]

Bank Groups Urge OCC to Hit Pause on Crypto Trust Charters

Several US banking groups pushed the Office of the Comptroller of the Currency (OCC) to slow down its review of national trust bank applications from crypto and stablecoin companies.

U.S. Bankers Urge OCC to Slow Crypto Trust Bank Charters

The American Bankers Association called upon the Office of the Comptroller of the Currency to throttle the approval.  Banking groups raised the following, including unresolved regulatory obligations under the GENIUS Act and safety concerns about uninsured trusts. The American Bankers Association has filed a letter to the Office of the Comptroller of the Currency. The letter has requested a slowdown on the approval of cryptocurrency trust bank ch…

US Banking Lobby Urges Delay on Crypto Bank Charter Approvals

US banks asked the OCC to delay crypto-related bank charters until digital asset regulations are clearly defined. Crypto firms like Circle, Ripple, Coinbase, and Paxos seek charters that could give direct access to Federal Reserve systems. Banks warned that conditional approvals tied to the GENIUS Act could create financial and operational risks. Major US banking groups are pushing regulators to slow approvals for crypto-related bank charters. T…

US bank lobby urge brakes on crypto bank charters pending regulatory clarity

The post US bank lobby urge brakes on crypto bank charters pending regulatory clarity appeared on BitcoinEthereumNews.com. America’s largest banking lobby, the American Bankers Association is asking federal regulators to take their time before approving crypto firms’ applications for national bank charters.  The group warns that granting approval before Congress establishes the rules for these firms could create risks to the financial system and…