American Union of Banners, Ripple 
$3.50 And Circle He requested the postponement of three crypto money companies, especially the national bank license applications. In a joint letter sent to the OCC on Thursday, the American Banning Association and many banks and the Credit Association group emphasized that there is not enough openness to understand business models and operations. Institutions argue that lack of transparency can prevent public control and lead to shift in regulatory norms. The fact that the OCC’s policy change remains closed to public opinion can deepen the problem of trust.
Postponement was requested in a joint letter sent to OCC
American Union of Banners, Circle Internet Group, Fidelity Digital Assets And Ripple LabsHe believes that it is unclear whether the applications of the national Trüst banks are involved in the type of proxy. In the letter, the postponement of the applications and the process was opened to the public. Thus, it is aimed to evaluate the possible changes in the scope of the applications and the possible changes in OCC’s approach.
Groups of approval to be given without transparency USA He said that he could face the banking and financial system with financial risks. The possibility of these risks will lead to interruptions in the financial structure of the country. removed. It was stated that the approval of the license to be granted without public control may create unexpected breaks in financial architecture. Crypto investors’ application – the reason will surprise you!
Further undergraduate application is expected after the GENIUS law
Experts are more after the GenIus Law, which came into force last week. crypto currency In the opinion that his company will seek a banking license. The law pays a clear framework for the export of Stablecoin and has the potential to increase the application appetite. In this environment, every decision of the OCC will be a precedent for other companies.
Crypto money -oriented lawyer from Winston & Strawn Logan PayneThe GENIUS Act has opened a wider field of activity without the need for state -based licenses to companies. The magnitude of such an authority increases the reservations on the banking side. For this reason, detailed examination and demand for public transparency in the process are insistent.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
