In a recent address in Washington, D.C., Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC), expressed a strong commitment to dismantling the “two-tiered system” he says unfairly stigmatizes legal activities between traditional banks and the crypto industry.
Gould articulated his belief that many of the activities associated with cryptocurrencies and the underlying technologies are essential to modern financial intermediation services.
OCC Ready To Collaborate With Banks On Crypto
Gould emphasized that the Treasury Department’s independent bureau is prepared to work closely with banks interested in engaging with crypto assets. “We’re going to take a step back to see if we’re going to work much more closely with those who are interested in doing these a