US Banks and Credit Unions Urge OCC to Postpone Decision on Bitcoin Banking Charter Applications

Several prominent US banking and credit union associations have formally requested the Office of the Comptroller of the Currency (OCC) to postpone its rulings on banking charter applications filed by cryptocurrency companies. These industry groups emphasize the need for a comprehensive regulatory framework to address the unique risks associated with digital asset banking. The request underscores concerns about operational compliance, consumer protection, and financial stability within the evolving crypto banking landscape. By urging the OCC to delay decisions, these organizations aim to ensure that regulatory standards are robust and aligned with traditional banking principles. This development highlights the ongoing dialogue between regulators and financial institutions as the integration of crypto firms into the banking sector continues to advance under heightened scrutiny.