US OCC Chief Reports Surge in Crypto-Related New Bank License Applications

Surge in Cryptocurrency Licensing

Jonathan Gould, the Chief of the US Office of the Comptroller of the Currency (OCC), revealed during a panel session at the 'Wyoming Blockchain Symposium' held in Jackson Hole, Wyoming, on the 20th, that applications for new bank licenses including digital asset-related business plans have surged to about 60% under the Trump administration.

The OCC, a federal agency under the US Department of the Treasury, is responsible for the licensing and supervision of national banks and was established in 1863 with the aim of ensuring the soundness of banknotes...