Anchorage Digital has moved out during its US banking regulator’s order that it introduces an adherence to protection against money-consuming abuse, with the Comptroller of the Currency Office (OCC) Advertising of removal of the cessation and distance originally issued in 2022.
“OCC believes that the bank’s security and health and its compliance with laws and regulations do not require the continued existence of the order,” it said in the termination announced on Thursday.
Anchorage Digital CEO Nathan McCauley, who has emerged as a high -profile representative of crypto interests in Washington, framed the enforcement measure as a regulatory “feedback” by celebrating its removal.
“We received – and have now resolved – feedback from regulators when we set the standard for federally chartered custody of digital assets,” he said in a Thursday missive on the company’s website, calling Anchorage Digital “the world’s most regulated digital asset bank.”
Since the start of President Donald Trump’s second administration, OCC and other US bank regulators have been trying to relax restrictions on the crypto industry’s companies. New OCC manager Jonathan Gould, who was sworn last month, was an agency veteran who has also worked in the private sector as head of Bitfury.
Anchorage Digital was the first Crypto Bank to win a full -fledged bank charter from the agency that regulates national banks, and after it did, it had closed the window at a time when the regulators under President Joe Biden’s office saw the industry with more suspicion.
Recently, digital assets including Circle, Ripple and Paxos have again begun to apply for OCC to start the bank-charter process.
