U.S. Senator Elizabeth Warren has raised concerns over the Office of the Comptroller of the Currency's (OCC) decision to allow cryptocurrency companies into the banking system. In a letter to OCC head Jonathan Gould, Warren highlighted that the OCC has issued at least nine national trust charters to crypto firms. She argues that these companies are engaging in activities that exceed the narrow scope permitted by law and may violate the National Bank Act.
Senator Warren Questions OCC's Approval of Crypto Firms in Banking
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