• Ripple advisor Michael Barr Comptroller Currency
    Regulation,  Ripple,  XRP

    Ripple advisor Michael Barr to be named Comptroller of the Currency: Report

    The former member of the international payments firm’s advisory board could become the nation’s second ‘fintech comptroller’

    That would mean that the Biden Administration’s Comptroller of the Currency would have an affiliation with Ripple, a company being sued by the U.S. Securities and Exchange Commission for illegally selling an unregistered security—XRP—for a period of more than seven years.

  • Brian Brooks leaves OCC
    Cryptocurrencies,  Regulation

    Crypto-friendly Brian Brooks steps down as bank overseer

    The former Coinbase executive’s rulings at the Office of the Comptroller of the Currency aided the cryptocurrency industry by allowing banks to custody and make payments with stablecoins

    During his eight months at the head of the Office of the Comptroller of the Currency, Brooks, a former general counsel at Coinbase, enacted a number of reforms that helped push the cryptocurrency industry farther into the banking industry’s mainstream, most recently authorizing banks to use stablecoins to make payments and for other transactions on behalf of customers.

  • OCC banks can use stablecoins
    Regulation

    In a ‘huge’ win, regulator says banks can make payments with stablecoins

    Circle’s Jeremy Allaire said the ruling by the Office of the Comptroller of the Currency ‘helps put the U.S. in a leadership position in embracing the power of public blockchains’

    Allaire said Acting Comptroller of the Currency Brian Brooks’ latest move is “a HUGE way to start 2021, the year that crypto and stablecoins go mass market!” He added, "the significance of this can’t be understated.”

  • markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Another all-time high for Bitcoin as Max Keiser predicts $220K top for 2021

    BTC again defies expectations of a drop with a push to $35,600 following positive news from U.S. regulators

    After lingering near $30,000 support in the aftermath of Monday’s serial volatility, Bitcoin showed signs of a recovery during trading. These culminated in daily gains of over 10%. At press time, $35,000 still formed a focal price point.