Elizabeth Warren is questioning the legality of the OCC, under Jonathan Gould, approving or conditionally approving trust charter applications for several crypto companies.

The Senate Banking Committee's top Democrat sent a letter to the Office of the Comptroller of the Currency questioning the charters of nine crypto firms.

Last year, the OCC granted conditional approvals to Circle, Ripple, BitGo, Fidelity, and Paxos, as well as other firms more recently.

In a letter to the Comptroller of the Currency, Warren argued nine national trust bank charter approvals for crypto firms violated the National Bank Act.

Senator Elizabeth Warren (D-Mass.) on Tuesday questioned the Office of the Comptroller of the Currency letting nine crypto firms operate as banks without proper safeguards.

Elizabeth Warren is questioning the legality of the OCC, under Jonathan Gould, approving or conditionally approving trust charter applications for several crypto companies.

National trust charters pushed crypto custody into a broader regulatory clash as U.S. Senator Elizabeth Warren pressed the OCC over approvals tied to