SEC and OCC issue first detailed guidance on cryptocurrencies backed by fiat currencies, saying national banks can provide services to stablecoin issuers in US
The U.S. Office of the Comptroller of the Currency (OCC) has published fresh guidance, officially clarifying national banks …
CoinDesk Nikhilesh De
Related Coverage
- SEC FinHub Staff Statement on OCC Interpretation U.S. Securities …
- Federally Chartered Banks and Thrifts May Engage in Certain Stablecoin Activities OCC · Bryan Hubbard
- Stablecoin Adoption Revisited AVC · Fred Wilson
- View article CryptoSlate
- Leaked FinCEN docs show BNY Mellon flagged over $137M in OneCoin-linked transactions The Block · Saniya More
- View article BitcoinExchangeGuide
- Two US Regulators Have Good News For Stablecoins Cryptonews · Fredrik Vold
- American Regulators Warm up to Crypto, Banks Authorized to Hold Stablecoins Crypto Briefing · Nivesh Rustgi
- U.S. Banks Get Regulatory Approval to Hold Reserve Funds for Stablecoins Coinspeaker · Bhushan Akolkar
- Banks can legally deal with cryptocurrency stablecoins under new federal ruling SiliconANGLE · Duncan Riley
- OCC Issues Interpretive Letter on Banks and Stablecoins, SEC Comments on its Position Regarding Digital Assets Crowdfund Insider · JD Alois
- US Banks Can Hold Reserves for Stablecoins: Treasury Office Decrypt · Jeff Benson
Discussion
-
@coindesk
@coindesk
on x
JUST IN: The @USOCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S. @nikhileshde reports https://www.coindesk.com/...
-
@lilmoonlambo
@lilmoonlambo
on x
The final nail in the coffin for $XRP https://twitter.com/...
-
@alextapscott
Alex Tapscott
on x
This is significant. But if you're a bank why not just issue your own stablecoin? https://twitter.com/...
-
@mark_phillips
Mark Phillips
on x
“market participants may structure and sell a digital asset in such a way that it does not constitute a security and implicate the registration, reporting, and other requirements of the federal securities laws.” https://twitter.com/...
-
@tayloryeshua
Yeshua Taylor
on x
Sorry but I am not moved by this...we need clarity on specific coin use cases and classification. Counter party risk coins are a redundancy of their underlying asset they are stable to and this is nothing more than stalling piecemeal. https://twitter.com/...
-
@ledgerstatus
Farmer Status
on x
This is pretty big https://twitter.com/...
-
@truthraiderhq
TruthRaider
on x
$XRP founders are about to dump big time again for more yachts... https://twitter.com/...
-
@jerallaire
Jeremy Allaire
on x
3/3 National banks may now hold reserves for full-reserve fiat-backed stablecoins in the US banking system.