Senate Banking Chairman ‘Concerned’ by OCC’s Crypto Charters
Sherrod Brown specifically pointed to the OCC trust charters granted to Paxos, Protego and Anchorage.
“It really comes down to coordinating across the agencies,” said the acting comptroller. "There is interest in coordinating a lot more of these things.”
Brooks had some choice words for U.S. policymakers in an appearance Thursday at Consensus 2021.
The Office of the Comptroller of the Currency is reviewing all of the digital asset guidance issued under the leadership of former Acting Comptroller Brian Brooks.
The SEC chair continued to highlight investor protection as he previewed the regulator’s cryptocurrency enforcement efforts.
The U.S. regulator said it did not send the messages or hold any funds for individual benefit.
"Prior to this meeting, Vice Chair Quarles, Chair McWilliams and I had talked about potentially putting together an interagency policy sprint team just on crypto because of exactly the concerns you've described," Hsu said.
"We created an Office of Innovation, updated the framework for chartering national banks and trust companies, and interpreted crypto custody services as part of the business of banking. I have asked staff to review these actions," Acting Comptroller Michael Hsu said.