Warren demands OCC explain trust charters for nine crypto firms including Coinbase and Ripple

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Sen. Elizabeth Warren asked OCC chief Jonathan Gould to justify trust-charter approvals for nine crypto firms, arguing companies like Coinbase, Paxos, Ripple, BitGo and Fidelity Digital Assets are trying to act like banks without full bank oversight. Her letter says their business plans point to custody, payments, lending and stablecoin activity that looks closer to deposit-taking than narrow fiduciary trust work. She also asked for records of any OCC communications with Donald Trump or his family around crypto chartering, keeping World Liberty Financial in the political crosshairs.

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Warren demands OCC explain trust charters for nine crypto firms including Coinbase and Ripple

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Warren demands OCC explain trust charters for nine crypto firms including Coinbase and Ripple

More on OCC

United Texas Bank gains OCC charter, clears $10B a month for crypto firms

Digital Chamber defends OCC crypto trust charters after Warren calls Coinbase, Ripple approvals illegal

Catena Labs raises $30M for AI-agent banking tools and applies for OCC trust charter

Peter Thiel-backed Augustus secures conditional OCC approval for AI-powered stablecoin bank targeting cross-border settlement infrastructure

Kraken parent Payward seeks OCC charter to expand into federally regulated crypto banking alongside its existing Wyoming bank license

American Bankers Association (ABA) request 60-day extension to review US stablecoin bill, citing need for more time after OCC finalizes key regulatory framework

United Texas Bank gains OCC charter, clears $10B a month for crypto firms

Digital Chamber defends OCC crypto trust charters after Warren calls Coinbase, Ripple approvals illegal

Catena Labs raises $30M for AI-agent banking tools and applies for OCC trust charter

Peter Thiel-backed Augustus secures conditional OCC approval for AI-powered stablecoin bank targeting cross-border settlement infrastructure

Kraken parent Payward seeks OCC charter to expand into federally regulated crypto banking alongside its existing Wyoming bank license

American Bankers Association (ABA) request 60-day extension to review US stablecoin bill, citing need for more time after OCC finalizes key regulatory framework

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