Senator: The OCC should not grant national trust charters to cryptocurrency companies like Ripple and Coinbase

By: rootdata|2026/05/20 01:42:59

On May 18, U.S. Senator Elizabeth Warren wrote to the Office of the Comptroller of the Currency (OCC) stating that the agency has improperly granted national trust charters to at least nine cryptocurrency companies since December 2025. Elizabeth Warren pointed out that the businesses these companies plan to engage in exceed the limited functions allowed by law for national trust banks, essentially attempting to circumvent the fundamental protections and obligations of banking through crypto banking. It is reported that the companies that have received or conditionally approved include Ripple, Circle, Paxos, Fidelity, BitGo, Coinbase, Stripe's subsidiary Bridge, and Crypto.com. The American Bankers Association urged the OCC in February to slow down the approval of related licenses, and Elizabeth Warren warned that this move would weaken consumer protections and pose regulatory arbitrage risks.

-- Price

OmenX aims to further push the prediction market experience towards a trading platform. Users can establish leveraged positions around event outcomes and make purchases, sales, and position adjustments before the event concludes, thereby expressing market views, managing risks, and participating in ...

Hyperliquid has stirred up Wall Street, with regulations uncertain and market makers fleeing first?

When Hyperliquid was still an experimental field, the benefits could be enjoyed at no cost, but once it began to intersect with traditional finance, Wall Street would inevitably push it into the regulatory game rules.

When Hyperliquid takes away Solana's "internet capital market" script

If Solana cannot regain its dominance in the derivatives space in the second half of 2026, it may still be an excellent Meme paradise, but it will only drift further away from the dream of "carrying global assets."

Dialogue with Lead Bank Founder Jackie: American Banks Re-embrace Crypto

Excellent crypto companies are not those that are "best at circumventing regulations," but those that are "best at evolving in collaboration with regulations."

Vitalik: What we need to do is not to fight against AI, but to create a sanctuary

What is truly scarce is not computing power, but people who are willing to think proactively and retain sovereignty.

Morning News | VanEck and Grayscale submitted BNB ETF amendments on the same day; BlackRock discusses investing billions of dollars in SpaceX's IPO; Michael Saylor releases Bitcoin Tracker information again

Overview of Important Market Events on May 17

Crypto ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the United States was $995 million; the net outflow of Ethereum spot ETFs in the United States was $255 million

Avenir Group solidifies its position as the largest Bitcoin ETF institutional holder in Asia, ranking first in the region for eight consecutive seasons.

This Week's News Preview | The Federal Reserve Releases the Last FOMC Minutes of the "Powell Era"

Highlights of the week from May 18 to May 24.

Blockchain Capital Partner: Most people's understanding of on-chain economy is narrow

In the author's view, the most astonishing things in the blockchain space have yet to be created. Flash loans give us a glimpse, but this is just the tip of the iceberg.