PANews April 23 news, according to Crypto America, about 15 crypto assets and fintech companies are applying for bank licenses from the Office of the Comptroller of the Currency (OCC), with some companies seeking a more convenient way to obtain federal master accounts.

Odaily News The Office of the Comptroller of the Currency (OCC) issued a statement regarding its position on crypto assets and banks, stating: "The OCC has clarified that certain crypto-related activities are legally permitted." (Cointelegraph)

Golden Finance reported that Anchorage Digital CEO Nathan McCauley said that in January 2023, their partner bank stated that they would no longer work with them because they are engaged in Crypto Assets business. It is reported that Anchorage itself is a federally chartered bank and is regulated by the OCC.

The cryptocurrency industry is facing de-banking pressures that are expected to continue until 2026, during which Trump is likely to appoint a new member of The Federal Reserve Board of Governors. The founder of Custodia Bank pointed out that the Democrat-controlled Federal Reserve is scrutinizing pro-crypto banks, increasing regulatory pressure. While other institutions may change their policies, the Federal Reserve's stance may continue to face resistance, raising concerns about the outlook for the crypto industry.

According to the views of blockchain regulatory advisors, the pressure for the de-banking of crypto assets may continue until January 2026, with Trump appointing a new Federal Reserve Board of Governors member. Caitlin Long, founder of Custodia Bank, pointed out that the Federal Reserve is currently controlled by the Democratic Party, reviewing pro-crypto banks, and examiners have been deployed, which may pose regulatory resistance to the crypto industry.

The pressure for de-banking in the Crypto Assets industry is expected to continue until 2026, with Trump likely to appoint a new member to The Federal Reserve Board of Governors during this period. The founder of Custodia Bank pointed out that the Democratic-controlled Federal Reserve is reviewing pro-crypto banks, leading to increased regulatory pressure. Although other institutions may shift their policies, the Federal Reserve's stance may continue to face resistance, raising concerns about the prospects of the crypto industry.

Golden Finance reported that the Office of the Comptroller of the Currency (OCC) issued a new letter, announcing the withdrawal of Interpretive Letter 1179 issued on November 18, 2021, and reaffirming that the encryption asset custody, Distributed Ledger, and stablecoin activities discussed in the previous letter are allowed. OCC confirmed in a letter: "National banks and federal savings associations may engage in encryption asset custody, certain stablecoin activities, and participate in independent node verification networks." Acting Comptroller of the Currency, Rodney E. Hood, stated: "The OCC wants banks to apply the same robust risk management controls to support new banking activities as they do to traditional banking activities." The institution also stated that it has withdrawn the requirement for restrictive controls that the institution had in place before engaging in encryption activities.

Golden Finance reported that the U.S. Securities and Exchange Commission (SEC) has approved the listing of Options products for iShares BTC ETF on Nasdaq. The trading of this Derivatives still requires approval from the U.S. Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC).