The OCC finds blockchain to be on par with other widely-used electronic payments like SWIFT, ACH and FedWire, and even said blockchain payments could provide a more resilient system as the large number of nodes would limit tampering on the network. Has crypto finally come of age?
As more institutional investors pile into the crypto sector, it’s becoming increasingly important for regulators to have expertise in the industry. To this end, the Office of the Comptroller of the Currency just announced that Coinbase’s former Chief Legal Officer is taking a senior role with the agency. See what big waves he may bring to the crypto sector while overseeing the U.S. banking system.