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OCC Chief Rebukes Bank Opposition to Crypto Trust Charters

Gould signals rule changes to curb reputation‑risk barriers.

Overview

  • Speaking in Washington, Comptroller Jonathan Gould said there is no justification for treating digital assets differently.
  • He reported a rebound to roughly 14 de novo charter applicants in the past year, with many linked to crypto and fintech.
  • The OCC recently granted Erebor a provisional charter, the first such approval under Gould’s leadership.
  • The OCC and FDIC are preparing rules to remove “reputation risk” from supervisory guidance that has discouraged banks from serving crypto firms.
  • The agency is reviewing banks’ debanking of crypto businesses and their executives, with potential further action pending.