The head of the OCC says crypto companies seeking a US federal bank charter should be treated like other financial institutions. The OCC has received 14 applications for new banks this year, including those engaged in digital asset activities. Gould believes banks should evolve with finance and support modern economies.

Gould dismisses concerns raised by banks and trade groups about crypto companies obtaining banking charters. He believes such concerns could hinder innovation that benefits bank customers and local economies. The OCC has experience supervising a crypto-native national trust bank and is confident in effectively overseeing new entrants and activities.

Read more at Cointelegraph: ‘No Justification’ in Treating Crypto Differently: OCC Boss