OCC Chief Hints at Coming ‘Good’ Actions on Crypto by End of Trump’s Term

OCC Chief Hints at Coming ‘Good’ Actions on Crypto by End of Trump’s Term
Acting Comptroller of the Currency Brian Brooks

Acting Comptroller of the Currency Brian Brooks predicted a lineup of cryptocurrency banking and clarification actions will emerge from the Trump Administration during its final days.

The chief national banking regulator said Friday on CNBC’s Squawk Box:

“I don’t think we need 50 regulations, but what we do need is clarity about what’s allowed,” he said. Brooks cited banks plugging “directly into blockchains as payment networks” as one place where “the answer has to be yes.”

Brooks seemed to imply the crypto banking clarity coming “in the next six to eight weeks” would have a positive impact on ‘s price.

“It may have been a bubble two years ago, but with more clarity institutions that see this is a real thing are going to adopt at scale, which they’ve already started to do so,” Brooks said. He said regulatory clarity “are the things that are driving prices at this point.”

Russia’s Crypto Community Fears Digital Ruble Plan Means ‘Back to USSR’

Previous

Money Reimagined: Bitcoin vs. Gold Is a Battle of Narratives

Next

More