1 month ago
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Comptroller Jonathan Gould said firms engaged in legally permissible activities, including “digital assets and other novel technologies,” should have a path to becoming a national bank, adding: “America and the OCC are once again open for business.”
The statement does not automatically approve crypto companies as banks. Applicants still have to pass the OCC’s normal chartering review, including scrutiny of management, capital, business plans, compliance and financial risk.
Key Takeaways
- Crypto firms can apply for federal bank charters.
- Applications still face full regulatory review.
- Trust banks and insured deposit-taking banks follow different paths.
- Digital-asset companies are already in the OCC pipeline.
Crypto Firms Are Already in the Charter Pipeline
Gould’s comments arrive with a growing digital-asse...
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