Bitcoin
$44,376.50-7.36%
Ethereum
$3,090.79-8.84%
XRP
$0.937654-12.62%
Cardano
$2.08-11.81%
Polkadot
$29.34-12.80%
Stellar
$0.282954-11.70%
Dogecoin
$0.210996-11.25%
Chainlink
$24.71-12.32%
Uniswap
$22.06-8.52%
Polygon
$1.18-11.80%
Litecoin
$160.18-10.57%
Bitcoin Cash
$558.64-10.47%
Cosmos
$38.61+0.16%
Wrapped Bitcoin
$44,356.17-7.36%
Algorand
$1.71-15.69%
Filecoin
$75.95-8.55%
The Graph
$0.721135-12.65%
Tron
$0.094868-9.98%
Ethereum Classic
$49.00-11.22%
Aave
$310.45-11.06%
Tezos
$5.54-12.96%
NEO
$42.94-12.92%
EOS
$4.43-14.38%
Monero
$237.43-11.90%
IOTA
$1.36-14.33%
BitTorrent
$0.003457-11.40%
Bitcoin SV
$144.65-7.62%
Maker
$2,512.97-11.10%
Waves
$24.12-15.21%
Dash
$174.96-11.36%
Decred
$128.62-7.89%
Decentraland
$0.715964-11.76%
NEM
$0.160860-11.97%
ICON
$1.59-15.49%
Zcash
$120.74-13.23%
OmiseGO
$8.45-12.50%
Qtum
$10.71-13.61%
NuCypher
$0.284817-14.72%
Yearn Finance
$30,140.92-9.66%
Bitcoin Gold
$57.78-11.89%
Paxos Standard
$1.01-0.02%
Basic Attention Token
$0.666295-10.51%
0x
$0.941921-13.56%
Bancor
$3.66-9.30%
Band Protocol
$7.99-13.44%
Siacoin
$0.016125-14.05%
Ren
$0.782511-16.56%
Kava.io
$5.33-13.14%
Fetch.ai
$0.669789-16.07%
Nano
$4.82-14.99%
Loopring
$0.412489-10.90%
Storj
$1.18-13.94%
Numeraire
$42.32-7.38%
Lisk
$3.16-13.49%
Civic
$0.436721-16.16%
Orchid
$0.331595-9.94%
PAX Gold
$1,766.56-0.14%
Augur
$22.77-12.31%
Aragon
$5.48-15.19%
Enzyme
$107.19-9.86%
district0x
$0.157716-10.78%
Kyber Network
$1.54-13.59%
SingularDTV
$0.001389-3.39%
Tether
$1.00-0.04%
USD Coin
$1.00-0.01%
Dai
$1.00+0.01%

OCC Halts Fair Access Banking Rule

The rule would have prohibited U.S. banks from denying services based on ideological factors.

Jan 28, 2021 at 5:50 p.m. UTC
Updated Sep 14, 2021 at 11:02 a.m. UTC

The Office of the Comptroller of the Currency on Thursday put former acting Comptroller Brian Brooks' controversial "fair access" banking rule on hold pending a review by the new administration.

  • Brooks' so-called "fair access" rule sought to prohibit federally chartered banks from denying financial services such as lending to would-be clients on political or ideological grounds.
  • While the rule never mentioned cryptocurrencies, it came as welcome news to businesses in the space, which have long struggled to obtain or keep bank accounts in the U.S.
  • The OCC rushed to finalize the rule before the end of President Donald Trump's term, but it was never published in the Federal Register.
  • Proponents have claimed the rule was a necessary check on politically motivated financial exclusion. Detractors have blasted the proposal for being far from fair.
  • The next OCC head will review the rule once he or she is confirmed, OCC said in a statement.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...