Paxos applies to create a US national trust bank, which would let it manage and hold assets on behalf of customers, following Circle's and Ripple's applications
Here's why that matters Paxos : Paxos to Pursue National Trust Charter with the Office of the Comptroller of the Currency Ronaldo Marquez / Bitcoin Insider : Paxos Applies To Establish National Trust ...
FOIA docs: Prashant Bhardwaj, hired in March as the US OCC's first officer to police fintech firms, lied about his work history; OCC quietly replaced Bhardwaj
In March, the Office of the Comptroller of the Currency—the powerful federal banking regulator—tapped Prashant Kumar Bhardwaj …
Sources: Biden plans to nominate Cornell law professor and cryptocurrency critic Saule Omarova to run the Office of the Comptroller of the Currency
Bloomberg :
Circle announces intention to become a bank, fully regulated by Federal Reserve, OCC, and FDIC, which could make USDC a de facto central bank digital currency
Crypto giant Circle has announced its intention to become a bank, fully regulated by the Federal Reserve, the Office of the Comptroller of the Currency, and the FDIC.
Binance hires Brian Brooks as CEO, starting May 1; he was previously acting head of the Office of the Comptroller of the Currency under the Trump administration
Brian Brooks, an acting head of Office of the Comptroller of the Currency under Trump, will become CEO of Binance.US
OCC says banks and savings associations can now run crypto nodes and use associated stablecoins for “permissible payment activities”
National banks and federal savings associations can use public blockchains and stablecoins for settlement, The Office of the Comptroller of the Currency …