Crypto industry defends OCC charters for Ripple, Coinbase and others after Sen. Warren calls them unlawful
The Block
The Digital Chamber has defended OCC crypto trust charters against claims by Senator Elizabeth Warren that they violate the National Bank Act.Summary
The Digital Chamber, representing over 250 crypto firms, has formally rejected claims by Senator Elizabeth Warren that OCC-granted national trust charters for companies like Ripple, Coinbase, and Circle are unlawful. Senator Warren argued that these approvals violate the National Bank Act and subject the firms to lower standards than traditional banks. In response, The Digital Chamber CEO Cody Carbone stated that Warren misinterprets both the law and the OCC's chartering authority, noting that these federally regulated trusts provide essential oversight for the digital asset industry.
(Source：The Block)