The Office of the Comptroller of the Currency is expected to complete final rulemaking tied to the GENIUS Act before November, according to remarks cited by crypto journalist Eleanor Terrett on Aug. 20. Speaking at the SALT Conference in Wyoming, an OCC official said digital-asset-related charter approval activity has increased eightfold compared with the Biden administration period. The same official also criticized the prior administration’s attempt to pursue what was described as “de-risking,” calling that approach “extremely short-sighted.” The OCC official added that the agency plans to revise the rules based on feedback from the crypto industry as it moves toward finalizing the framework.
The Office of the Comptroller of the Currency, or OCC, expects to finish final rulemaking related to the GENIUS Act before November, according to a post by crypto journalist Eleanor Terrett on Aug. 20.
Terrett said an OCC official made the remarks at the SALT Conference in Wyoming. The official said digital-asset-related charter approval activity has risen 8x compared with the Biden administration period.
The same official also said the previous administration’s attempt to “de-risk” was “extremely short-sighted.”
According to Terrett’s account, the OCC also plans to adjust the rules based on feedback from the crypto industry before the framework is finalized.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
