OCC’s Approval Of Crypto Charters Faces Pushback From Banking Lobbyist Groups
The Office of the Comptroller of the Currency (OCC) lately sparked a wave of criticism from conventional finance teams following its approval of conditional financial institution charters for 5 cryptocurrency companies: Ripple, Circle, BitGo, Paxos, and Fidelity. Stablecoins Seen As Direct Threat Following the OCC’s announcement, trade stakeholders rapidly voiced their considerations. Traditional banks expressed…
