US Banking Groups Urge OCC to Halt Crypto Firm Bank Charter Applications, Citing Transparency and Risk Concerns
A coalition of prominent U.S. banking groups is intensifying pressure on the Office of the Comptroller of the Currency (OCC), urging the federal regulator to delay decisions on granting national banking charters to cryptocurrency firms, specifically naming Ripple and Circle. Agencies including the American Bankers Association, alongside numerous other banks and credit union trade groups, … Read more