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Nalezeno "US OCC": 148

OCC notice suggests impending launch for spot Bitcoin ETF options trading

18.11.2024
Some experts suggested that options trading for shares of BlackRock’s iShares Bitcoin Trust could launch on the Nasdaq as early as Nov. 19

Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi

5.10.2024
Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory...

Lawmakers Question SEC Over Disruptive Crypto Custody Rules

25.9.2024
Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question whether the SEC acted prematurely, potentially...

Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies

10.7.2024
The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identified in a 2020 order. Citigroup Faces $60.6...

Veteran Trader Peter Brandt Warns of SEC’s Full-Scale Assault on Crypto Staking — ‘It’s Going to Be a Bloodbath’

12.5.2024
Veteran trader Peter Brandt has predicted a severe regulatory crackdown on cryptocurrency staking by U.S. regulators, including the Securities and Exchange Commission (SEC). “It’s going to be a bloodbath,” he warned, cautioning that he believes it is “illegal...

Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App

7.2.2024
Vast Bank, the U.S. financial institution that once offered customers the unique ability to manage cryptocurrencies alongside traditional banking, is exiting the digital asset space and shutting down its crypto mobile app in response to a consent order from the Office of the Comptroller of...

U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud

7.11.2023
Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency

Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’

12.8.2023
Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article, Brooks and Calomiris call for regulations to allow...

What in the World Is Going on With Crypto Regulation?

10.8.2023
Regulatory clarity has fueled crypto bull markets, demonstrated by Japan's 2016 adoption of crypto as payment and OCC's 2020 endorsement of crypto engagement. While global strides in clear crypto regulations are evident, particularly in Hong Kong, EU and UK, the US lags, emphasizing the need...

Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight

3.8.2023
Figure Technologies, Inc., has pulled its application to become a federally chartered bank in the U.S., ending a three-year rollercoaster ride as regulators clamped down on crypto activity and digital assets banking suffered a black eye when regional lenders associated with the tech world cratered...

OCC’s new Office of Financial Technology has a director and an opening date

30.3.2023
The OCC is replacing its Office of Innovation with a new body that will help it stay on top of fintech developments and emerging risks

That Binance Suit Sure Seems Bigger Than Just a CFTC Case

29.3.2023
Between Coinbase, Binance, Justin Sun, Do Kwon and Custodia, there has been just so much news over the last week. And that’s largely just the U.S. But Binance is the most interesting, not only for what happened (the Commodity Futures Trading Commission sued it), but also for what didn’t (the...

The Short-Sightedness of Run-Amok Regulators

29.3.2023
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks

'Operation Choke Point 2.0' may have contributed to SVB collapse: Mulvaney

22.3.2023
While the existence of "Operation Choke Point 2.0" has not been confirmed, Mick Mulvaney spoke of “rumors” of its existence and the potential side effects of such a policy

Blockchain Association seeks info from Fed, FDIC, and OCC on 'de-banking' crypto firms

16.3.2023
The association submitted Freedom of Information Act requests as part of an investigation into how regulators’ actions “improperly contributed” to the collapse of three banks

Bitfury CEO: U.S. Government Using Crisis to Choke Off Crypto Access to Banks

15.3.2023
Brian Brooks, former head of the OCC and now board member of blockchain technology company Bitfury, says the recent crackdown by regulators on three crypto-friendly banks appears to be a coordinated effort and what some are dubbing "Operation Choke Point 2.0"