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U.S. Senate Banking Committee Requests Clarity on Crypto & DLT Payments

Republican Senator Mike Crapo sent a letter to the Office of the Comptroller of the Currency (OCC) on Tuesday 1 September requesting further clarity on the use of crypto in banking transactions. The letter follows an official OCC release in July, authorizing national banks and federal savings associations to provide crypto custody solutions for clients. Addressed to OCC Comptroller Brooks, the letter seeks additional info on the barriers to adoption, the implication of new technologies, and what regulator tools “regtech” are available, amongst others. Is the U.S. Banking Committee Growing