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Search results for Office of the Comptroller of the Currency

Crypto

Would a bank charter make crypto safer? Two sides of U.S. federal trust bank approval

An analysis says crypto firms may not fully escape political pressure or supervisory risks even if they obtain a U.S. federal trust bank charter. The charter can strengthen legal standing for custody while bringing firms into direct oversight by the Office of the Comptroller of the Currency. The article contrasts interpretations of Silvergate’s liquidation and notes conditional approvals for several trust bank moves. It adds that regulators retain control through approval conditions and revised supervisory rules.

Crypto

XRP Ledger trading concentrates in fewer accounts as per-account volume triples

Trading on the XRP Ledger became more concentrated in fewer accounts over the past year, a report showed. Daily trading accounts on the decentralised exchange order book fell to 1,111 from 1,864, while average daily volume per account rose about threefold to 3,217 XRP. Average daily order-book volume climbed 79 percent to 3.57 million XRP, and its share of total DEX trading rose to 81 percent. The report also cited growth in RLUSD and net inflows into U.S. XRP spot ETFs.

Crypto

US crypto industry\'s \'Clarity Act\' faces risk of failing this year

Prospects for passing the U.S. crypto market-structure bill known as the Clarity Act this year have become shakier in September, with industry pessimism rising. The Senate has scheduled a procedural vote on Sept. 15, but final passage would still require floor debate and further negotiations. Key disputes include stablecoin rewards and ethics provisions tied to President Donald Trump and his family’s crypto interests. Even if it fails, some expect limited immediate impact as regulators take a friendlier stance.