The stablecoin issuer has nabbed a banking license, but it doesn’t mean they’ll be doing any banking in the traditional sense.
Brian Brooks has defended the fintech charter he oversaw while heading the OCC, warning heavy-handed crypto regulations could undermine U.S. competitiveness globally.
Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.
President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of the Currency.
The Wall Street Journal is reporting former Treasury official Michael Barr will replace Brian Brooks as Comptroller of the Currency.
Acting Comptroller of the Currency Brian P. Brooks is officially stepping down after eight months at the OCC.
Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday.
Three interpretative letters from the Office of the Comptroller of the Currency lay the groundwork for banks to become crypto custodians, payment companies and miners in blockchain networks.
The Acting OCC head will reportedly end his brief tenure running the federal banking regulator by the end of the week.
The latest OCC statement, which opens the door for banks to use blockchains to validate payments, hints at more than just better services.