OCC Says It's 'Open For Business' As Crypto Firms Line Up For Bank Charters

OCC Says It's 'Open For Business' As Crypto Firms Line Up For Bank Charters

OCC approved 40 de novo charters in 18 months vs <4/year historically; Ripple, Circle, Paxos cleared. Federal charter enables crypto platforms to custody assets under regulation; represents strategic shift toward supervised infrastructure, drawing traditional bank opposition.