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OCC Chief Vows to End Crypto Debanking as Trump’s Influence Reshapes U.S. Banking Policy
OCC Chief Vows to End Crypto Debanking as Trump’s Influence Reshapes U.S. Banking Policy
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BTCCSquare news:
The Office of the Comptroller of the Currency (OCC) has acknowledged systemic discrimination against crypto firms by U.S. banks, marking a policy reversal under the Trump administration's influence. Jonathan Gould, acting head of the OCC, confirmed during a CoinDesk event that regulators will dismantle debanking practices through Executive Order 14331 enforcement.
The regulatory shift coincides with the GENIUS Act's implementation, which streamlines banking charter approvals for stablecoin issuers. This pivot transforms crypto enterprises from financial pariahs to recognized participants in traditional finance—a stark departure from previous risk-averse banking policies.
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