Anchorage Digital has moved from under the command of US banking regulato (Occ) The announcement of removal of the cease-and-desist order originally issued in 2022.
“The OCC believes that the bank’s safety and well -being and the compliance of laws and regulations does not require the continuous existence of adoption,” he said at the end announced on Thursday.
Anchorage digital CEO Nathan McCauley, who has appeared As a representative of the high profile of crypto interests in Washington, the action of implementation as “feedback” regulation in celebration of its departure was framed.
“We have received – and now resolved – comment from the regulators as we set the standard for federal chartered custody of digital assets,” he he he he Says On a Thursday missive on the company’s website, where he called the Digital Anchorage “the world’s most regulated digital asset bank.”
The OCC and other US banking regulators have been there, since the start of President Donald Trump’s second administration, which sought to relax obstacles to businesses in the crypto industry. New Occ leader Jonathan Gould, who was cursed last month, was a veteran of the agency who also worked in the private sector as chief legal official for Bitfury.
Anchorage Digital was the first crypto bank to win a full banking charter from the agency who regulated national banks, and after doing so, that window closed an hour as regulators during President Joe Biden’s tenure viewed the industry with greater suspicion.
Most recently -So, the digital assets that provided the Circle, Ripple and Paxos already have began to apply to OCC To start the bank-charter process.
