U.S. OCC Chief "Actively addressing debanking issues in the crypto industry"

Source
JH Kim

Summary

  • U.S. OCC chief Jonathan Gould said he is making resolving debanking issues in the crypto industry his top priority.
  • Gould said that since taking office he has focused on resolving bank debanking issues, repealing licensing requirements that are anti-crypto in nature, and establishing stablecoin regulations.
  • He emphasized that the era in which the OCC was reluctant about banks' participation in crypto business is over.

On the 10th (local time), according to CoinDesk, a crypto-focused media outlet, Jonathan Gould, the new head of the U.S. Office of the Comptroller of the Currency (OCC), said at a CoinDesk event that he is making resolving debanking issues in the crypto industry his top priority.

Gould said that as early work after taking office he has focused on resolving bank debanking issues, repealing licensing requirements that are anti-crypto in nature, and preparing new stablecoin regulations.

He emphasized, "Debanking is a problem that is actually occurring," and added, "The era in which the OCC hesitated to allow banks to participate in crypto business is over."

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JH Kim

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