The OCC terminated a consent order against Anchorage Digital in 2022 for failure to comply with AML standards. However, the order was lifted as the bank demonstrated compliance with laws and regulations. Anchorage was the first US-based crypto company to receive a national bank charter in January 2021 under Joe Biden’s administration.

The dropping of the consent order suggests a shift in US government enforcement and regulation of crypto companies under the Trump administration. The Federal Reserve ended a program monitoring banks’ digital asset activities, signaling a softening stance. Other crypto companies like Paxos, Ripple Labs, and Circle are seeking national trust bank charters from the OCC.

Read more at cointelegraph.com: US OCC Terminates 2022 Order Targeting Anchorage Digital Over AML