OCC’s Gould defends charter approvals for crypto activity
Noting more than half of recent bank charter applications received by his agency involve digital assets, Comptroller of the Currency Jonathan Gould said his job isn’t about “incumbent protection” but rather preserving the integrity of the banking system. The post OCC’s Gould…
Noting more than half of recent bank charter applications received by his agency involve digital assets, Comptroller of the Currency Jonathan Gould said his job isn’t about “incumbent protection” but rather preserving the integrity of the banking system. The post OCC’s Gould…
BELLINGS Intelligence Score: 58
Why it matters
The OCC's defense of charter approvals for crypto activity signals a significant regulatory stance that could influence the banking system's approach to digital assets, affecting credit availability and underwriting standards in a growing market segment.
Sources
ABA Banking Journal
OCC’s Gould defends charter approvals for crypto activity
Noting more than half of recent bank charter applications received by his agency involve digital assets, Comptroller of the Currency Jonathan Gould said his job isn’t about “incumbent protection” but rather preserving the integrity of the banking system. The post OCC’s Gould…