Crypto Advocacy Group Pushes Back Against US Senator’s Claims on Companies’ OCC Charters
Cointelegraph
The Digital Chamber has challenged Senator Elizabeth Warren’s criticism regarding the OCC’s issuance of national trust charters to various cryptocurrency firms.Summary
The Digital Chamber, a crypto advocacy group, has formally challenged Senator Elizabeth Warren’s claims that the Office of the Comptroller of the Currency (OCC) acted improperly by granting national trust charters to nine crypto companies. In a letter to the OCC, CEO Cody Carbone argued that these firms voluntarily sought federal oversight and compliance, refuting the Senator's suggestion that they are attempting to evade banking regulations. The dispute centers on Warren's concerns regarding the scope of activities permitted under these charters, while the industry group maintains that her arguments lack a clear legal basis.
(Source：Cointelegraph)