Office of the Comptroller of the Currency

Stablecoin firm Circle has received final approval from the Office of the Comptroller of the Currency (OCC) to establish the First National Digital Currency Bank. The company plans to manage reserves for its USDC stablecoin in a later phase.

Sony Bank received preliminary approval from the Office of the Comptroller of the Currency to establish a US stablecoin issuance business, with $40 million in starting capital.

World Liberty Financial, backed by Trump, is nearing approval from the OCC for a federal trust charter. This approval would allow the company to issue and redeem its USD1 stablecoin under a single federal regulator.

BitGo Holdings, Inc. (NYSE: BTGO) joined the 2026 Fortune 500 as the first digital asset infrastructure company, achieving $16.2 billion in 2025 revenue just five months after its January 2026 public listing. The company, led by CEO Mike Belshe, operates as a federally chartered national trust bank under the Office of the Comptroller of the Currency (OCC), providing custody, wallets, and settlement services for institutional clients.

The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Federal Housing Finance Agency are taking steps to impose a Dodd-Frank Act rule requiring banks to claw back executive pay for excessive risk-taking. The action addresses allegations of debanking against major US banks.

Illinois delayed the Interchange Fee Prohibition Act, a controversial law targeting credit card swipe fees, for another year due to ongoing legal challenges. The law, which would ban fees on sales tax and card-paid tips but allow them on item prices, faced opposition from banks and federal scrutiny, while proponents argue it would benefit consumers and small businesses.

US lenders reported strong first-quarter performance, according to the FDIC. The FDIC, along with the Office of the Comptroller of the Currency and the Federal Housing Finance Agency, announced initial steps toward implementing a Dodd-Frank Act rule requiring banks to claw back executive pay for excessive risk-taking.

The crypto industry, including the Digital Chamber, is urging the Office of the Comptroller of the Currency (OCC) to defend its recent approval of national bank charters for crypto firms like Coinbase and Ripple. Senator Elizabeth Warren criticized these approvals as improper.

US Comptroller of the Currency Jonathan Gould defended Trump's executive order requiring banks to scrutinize customers' immigration status as a reasonable reform that aligns with financial crime monitoring efforts. Gould also expressed support for expediting fintech access to the Federal Reserve's payment systems and defended the OCC's accelerated approval of nonbank charters.

Elizabeth Warren argued that nine national trust bank charter approvals for crypto firms like Coinbase and Ripple are illegal. She made this argument in a letter to the Comptroller of the Currency, citing a violation of the National Bank Act. The approvals were given to crypto firms

BlackRock, the world's largest asset manager, urged the Office of the Comptroller of the Currency (OCC) to eliminate a proposed 20% cap on tokenized reserve assets in the GENIUS Act. The cap, if implemented, would restrict products like BlackRock's BUIDL tokenized reserve fund.

Senator Elizabeth Warren is urging bank regulators to resist President Donald Trump's proposal to cap credit card interest rates. The call highlights tensions between Warren and Trump over financial regulation policies.

The crypto industry lobby is advocating for the formal removal of 'reputation risk' from bank examinations, following a similar rule finalized by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. earlier this month.

JPMorgan Chase has been released from a regulatory order by the Office of the Comptroller of the Currency (OCC) related to trading surveillance gaps. The bank is set to release its earnings on April 14, 2026, with a branch in New York highlighted in the article.