Custodia Bank, CEO of CUSTODIA Bank, CAITLIN Long says although Point 2.0 was not over despite Crypto bases that reduce OCC
The last mitigation of the United States does not mean its position on encryption that the Crusade of the United States government against this industry has ended, according to Caitlin Long, CEO of Custodia Bank.
Late last week, the Currency Observer Office (OCC) Declare It is now possible to move forward in banks in the United States in a set of encryption services, including custody and certain activities of Stablecoin.
A observer on behalf of Rodney’s currency said. Hood,
“Today’s work will reduce the burden on banks to engage in encryption activities and ensure the treatment of these banking activities continuously by OCC, regardless of basic technology. I will continue to work hard to ensure that the regulations are effective and not excessive, while maintaining a strong federal banking system.”
However, long He says This process strangled the 2.0 point – a common term to describe the agenda of the United States’ secret government to strangle the encryption industry – unless two other American organizers end their non -friendly position on digital assets.
Last December, the request of the Freedom of Information Law (FOIA) was found by Crypto Excination Coinbase dozens of cases where the Federal Deposit Insurance Corporation (FDIC) requested banks to freeze encryption services.
Long also calls for a federal reserve to allow Custodia – a prominent digital asset conservative bank – with a major account, or a bank account that financial institutions adhere directly with the Federal Reserve.
Long says,
Amid all the joy about OCC news, “Oct Cok Point 2.0 (OCP 2.0) until:
1. Fed and FDIC also cancel the CRYDPTO anti -control instructions, which are still valid (Fed & FDIC was more harmful to OCC coded banking services) and
2. CUSTODIA Bank has its main account in the Federal Reserve.
Context: The banks that want the service Encryption However, I got the organizational pressure of the lack of (OCP 2.0) mostly from the banks organized by FDIC, not the organization. OCC movement is a great positive that has effects on other clients, but the FDIC and Fed Anti-Crypto directions are still valid.“
The House of Representatives concerned with government supervision and reform recently requested access to non -FDIC documents to investigate the allegations that banks were deliberately disintegrated from the encryption industry.
FDIC has not officially responded to the request.
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Follow us xfor Facebook and cable
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Photo generation: Midjourney
