OCC boss says ‘no justification’ to judge banks and crypto differently

Jonathan Gould, head of the Office of the Comptroller of the Currency (OCC), asserted that crypto companies seeking a US federal bank charter should be treated identically to other financial institutions. He argued there is "simply no justification for considering digital assets differently" and stressed that the banking system must evolve beyond past technologies to embrace blockchain. Gould noted that custody services involving digital assets have existed electronically for decades. He mentioned the OCC has received 14 new bank applications this year, many involving digital assets, and emphasized that chartering ensures the banking system keeps pace with finance's evolution. While acknowledging concerns from traditional banks about supervising crypto firms, Gould expressed confidence in the OCC's ability to supervise new entrants and novel activities fairly, citing the agency's experience with OCC-licensed crypto banks like Anchorage Digital.

(Source：Cointelegraph)