Odaily Planet Daily reports that Bitcoin News posted on X that the OCC stated companies engaged in legitimate licensed activities such as digital assets and emerging technologies should have a pathway to apply for a national bank charter. Jonathan Gould, Comptroller of the Currency, said that regulators had effectively hindered new bank applications for over a decade, but that period has now ended. Over the past 18 months, the OCC has received 40 applications for new banks and stated that many complete applications have been decided within 120 days.
OCC Reports 40 Bank Applications in 18 Months for Digital Asset Firms
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Summary
The Office of the Comptroller of the Currency (OCC) reported 40 bank applications from digital asset firms over 18 months. Comptroller Jonathan Gould said the door is now open for companies in digital asset regulation and emerging technology to seek national charters. Previously, regulators had maintained a 12-year pause on new applications. The OCC stated that many applications were processed within 120 days. This move aligns with broader efforts in Countering the Financing of Terrorism (CFT) compliance.
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