OCC Creates Federal Rules for Cryptocurrency National Banks
U.S. banking regulators have taken a major step toward bringing digital asset companies into the mainstream financial system, approving several crypto firms to establish federally chartered trust banks. The Office of the Comptroller of the Currency said Friday that five companies received conditional approval to move forward. The move is among the clearest indications yet that federal regulators are willing to integrate parts of the crypto industry into traditional banking oversight. Ripple and Circle were granted permission to begin setting up national trust banks, a type of charter that permits firms to safeguard assets and provide limited banking functions. The…





