OCC Terminates 2022 Consent Order Against Anchorage Digital

The U.S. Office of the Comptroller of the Currency (OCC) has lifted its 2022 consent order against Anchorage Digital, a crypto-native custodian and bank. The decision marks a significant milestone for the industry, signaling regulatory progress for federally-chartered digital asset custodians.

Anchorage CEO Nathan McCauley framed the development as proof that crypto and federal oversight can coexist. "With our consent order lifted, we’ve proven definitively that crypto and federal oversight are not mutually exclusive," he said. The move aligns with broader easing of restrictions by U.S. regulators, including the OCC, Federal Reserve, and FDIC, on banks offering crypto services.

The original 2022 order cited Anchorage's failure to meet Bank Secrecy Act and Anti-Money Laundering compliance standards. After three years of oversight, the OCC concluded the bank's safety and soundness no longer required the order's continuance.