Category: Brian Brooks

Anchorage Obtains Federal License to Operate as Crypto Bank From the OCC

Anchorage Obtains Federal License to Operate as Crypto Bank From the OCC

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto custodian Anchorage to launch the first federally chartered digital asset bank in the country. In a statement on Jan. 13, 2021, the OCC said the company received the national trust banking charter, which allows it to create Anchorage Digital […]

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Brian Brooks says ‘antiquated rules’ need updates for a future of DeFi and software-based banks

Brian Brooks says ‘antiquated rules’ need updates for a future of DeFi and software-based banks

Acting Comptroller of the Currency Brian Brooks believes regulators need to re-think banking regulations in light of the emergence of decentralized finance (DeFi) applications and use cases. A time in which some banks are entirely composed of software is on the horizon, according to Brooks, and regulators will need to adjust to that reality. Brooks […]

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Top US Banking Regulator: Banks Are Authorized to Use Public Blockchains and Stablecoins for Payment Activities

Top US Banking Regulator: Banks Are Authorized to Use Public Blockchains and Stablecoins for Payment Activities

The top banking regulator in the U.S. has announced that national banks and savings associations in the country can use public blockchains and stablecoins for payment activities. Experts say this is good for bitcoin and its importance should not be understated. Banks Can Use Public Blockchains and Stablecoins The Office of the Comptroller of the […]

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Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns

Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns

The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change US Crypto Regulations Acting Comptroller of the Currency, Brian Brooks, shared several concerns regarding […]

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Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks

Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks

The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will “make it easier for crypto investors to know how to invest,” therefore attracting more institutional […]

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Bitcoin No More A Bubble Says Brian Brooks

Earlier this evening Brian Brooks currently appointed as acting comptroller at OCC said in an interview that Bitcoin is beyond its so called bubble phase and institutional has already started. Real Institutional Adoption has Already Started For Bitcoin Brian Brooks is in favor of crypto adoption by banks and traditional finance institutions since beginning and […]

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OCC’s Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away

OCC’s Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away

Bitcoiners on social media have panned remarks by acting U.S. currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power. The bitcoiners argue that the disproportionate number of miners stationed in China only means the corresponding block rewards will reflect this imbalance. They add […]

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Crypto-Friendly OCC Chief Hints At More Crypto Banks Coming Soon

As the cryptocurrency market marches ahead for the next bull run, the buzz for crypto banks is on the rise. In his recent interview with Forbes, Brian Books, the acting chief of the Office of the Comptroller of the Currency (OCC) hinted at more crypto banks coming to the market. Brooks is well-known for being […]

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Trump nominates Brian Brooks for full five-year term as U.S. Comptroller of the Currency

Trump nominates Brian Brooks for full five-year term as U.S. Comptroller of the Currency

President Donald Trump nominated Brian Brooks, who currently serves as the acting Comptroller of the Currency, to a full five-year term on Tuesday. The nomination was included in a raft of nominations released by the White House. Brooks took over the Comptroller’s office in May after the departure of Joseph Otting. Otting first took office […]

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