OCC

Regulatory approval doesn't mean banks are about to begin providing crypto custody, but it is accelerating a conversation about financial institutions safeguarding bitcoin.

Jul 24, 2020 at 2:00 p.m. UTC

Jul 24, 2020

banksCongressOCCCustody

Markets

Occ

Blockchain Bites: OCC's Crypto Letter, Eth 2.0's 'Official' Testnet and Dinwiddie's Tokenized Airball

Visa said crypto is part of "the future of money," members of the U.S. Senate think the dollar should go digital and OCC will allow banks to custody crypto.

By Daniel Kuhn

Jul 23, 2020 at 4:05 p.m. UTC

Jul 23, 2020

OCCNews RoundupNewslettersBlockchain Bites

Markets

Occ

Don't Expect Banks to Jump on the OCC Crypto Custody News

The OCC's ruling means nationally chartered banks can now custody crypto. But, given relatively low level of institutional interest, don't count on services appearing soon.

By Alex Mascioli

Jul 23, 2020 at 2:48 p.m. UTC

Jul 23, 2020

OCCOpinion

Bank vault (State Library of New South Wales, modified by CoinDesk using PhotoMosh)

Policy

Banks

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.

By Nikhilesh De

Jul 22, 2020 at 5:00 p.m. UTC

Jul 22, 2020

banksOCCCustodyBrian BrooksEvergreen

First Deputy Comptroller Brian Brooks speaks at CoinDesk's Consensus: Distributed. (CoinDesk archives)

Policy

Coinbase

Coinbase's Ex-Lead Lawyer Sold $4.6M in Stock to Head US Banking Watchdog

Brian Brooks left Coinbase to lead the U.S. Office of the Comptroller of the Currency last month.

By Paddy Baker

Jun 10, 2020 at 11:14 a.m. UTC

Jun 10, 2020

CoinbaseBanking RegulationOCCBrian Brooks

Policy

Banks

'Inherently Borderless': Acting OCC Chief Talks Crypto, State Licenses and DeFi

“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda.

By Nikhilesh De

Jun 9, 2020 at 5:00 p.m. UTC

Jun 9, 2020

banksOCCRegulatorsBrian Brooks

Policy

Banks

US Bank Regulator OCC Asks for Public Input on Cryptocurrency Use in Financial Sector

A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions.

By Nikhilesh De

Jun 4, 2020 at 8:56 p.m. UTC

Jun 4, 2020

banksOCCBrian Brooksfinancial institutions

Markets

Coinbase

US Banking Regulator Suggests Federal Licensing Framework for Crypto Firms

Brian Brooks, now a US banking regulator, said creating a federal license for crypto startups might make more sense than subjecting them to 50 different state money transmitte...

By Nikhilesh De

May 11, 2020 at 5:00 p.m. UTC

May 11, 2020

CoinbasestartupsOCCBrian Brooks

Markets

Coinbase

Coinbase Chief Legal Officer Leaves to Take Senior Role at US Bank Regulator

Coinbase chief legal officer Brian Brooks will be the new COO and first deputy at Office of the Comptroller of the Currency, which oversees banking regulation in the U.S.

By Nikhilesh De

Mar 16, 2020 at 4:23 p.m. UTC

Mar 16, 2020

CoinbaseOCCSteven MnuchinBrian Brooks