CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data

  • CONTACT
  • MARKETCAP
  • BLOG
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data
  • BOOKMARKS
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Coinbase
    • Mining
    • NFT
    • Stocks
Reading: OCC Cites ‘Safety and Soundness’ for Crypto Bank Anchorage in Pulling Consent Order
Share
You have not selected any currencies to display
CoinRSS: Bitcoin, Ethereum, Crypto News and Price DataCoinRSS: Bitcoin, Ethereum, Crypto News and Price Data
0
Font ResizerAa
  • Blockchain
  • Crypto
  • Market
  • News
Search
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Coinbase
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data > Blog > News > OCC Cites ‘Safety and Soundness’ for Crypto Bank Anchorage in Pulling Consent Order
News

OCC Cites ‘Safety and Soundness’ for Crypto Bank Anchorage in Pulling Consent Order

CoinRSS
Last updated: August 22, 2025 6:19 am
CoinRSS Published August 22, 2025
Share

Contents
In briefDaily Debrief Newsletter

In brief

  • The OCC terminated its consent order on digital assets bank Anchorage Digital.
  • The regulator brought the order in 2022 after granting conditional approval to Anchorage in 2021.
  • Federally chartered Anchorage custodies some of the BTC and ETH held in BlackRock’s spot ETFs.

The Office of the Comptroller of Currency (OCC) announced Thursday that it has terminated its cease and desist consent order against Anchorage Digital.

The regulator first issued a consent order to Anchorage, a federally chartered digital asset bank, in 2022 due to its “failure to adopt and implement a compliance program” that satisfactorily covered the Bank Secrecy Act and anti-money laundering (AML) requirements. 

“The OCC believes that the safety and soundness of the bank and its compliance with laws and regulations does not require the continued existence of the order,” the termination order reads. 

In 2021, Anchorage Digital made history when the @USOCC granted us a national bank charter to serve as a full-scale digital asset bank, providing custody, trading, settlement, governance, and other regulated services for institutions. pic.twitter.com/sMKwq3tTfv

— Anchorage Digital ⚓ Prime is Live (@Anchorage) August 21, 2025

Anchorage Digital received conditional approval from the OCC in 2021, allowing it to offer crypto custody services to its customers and making it the first federally chartered bank to custody digital assets. After demonstrating the appropriate compliance, the consent order has now been terminated. 

“When we applied for that charter, we knew what we were signing up for: the path forward was uncharted for any crypto company, and at the time, many in our industry—and most of Washington—felt that digital assets and regulation were like oil and water,” said Anchorage co-founder and CEO Nathan McCauley in a statement Thursday. 

“We embarked on that path not because it was easy, but because we knew it was the right long-term move for the industry—laying the foundation for trust, safety, and durability in the years ahead,” he added. “And in an industry intent on ‘going to the moon,’ the seeming impossibility of our federal charter mission lit a fire under us from the start.”

The South Dakota-based firm specializes in custody, staking, trading, and governance for its members. In April, BlackRock chose Anchorage to custody some of the Bitcoin and Ethereum held for the asset manager’s industry-leading spot ETFs. 

In May, the OCC affirmed that national banks it oversees can buy, sell, and manage any crypto assets in their custody. Since that time, stablecoin issuer Circle as well as Ripple and Paxos have applied for charters that would make them nationally regulated banks. 

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

You Might Also Like

Ethereum: Yearly TVL high could boost ETH, but risks persist

Czech Police Detain Key Figure in Bitcoin Donation Scandal, Seize Assets

Bitcoin Futures surge $1.2B post-FOMC, but retail spending drops 50% – Here’s why

Ethereum ETF Hot Steak Continues Amid Trump Regulatory Optimism

Obama Campaign Strategist David Plouffe Joins Coinbase Advisory Council

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Copy Link Print
Previous Article OKX’s 90% supply burn sets OKB ablaze – Will price soar higher?
Next Article Tornado Cash’s Roman Storm Faces 5 Years for a Crime DOJ Now Says It Won’t Prosecute
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Socials
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
Crypto Scam Sites Make Up a Fifth of ASIC’s Two-Year Takedown
BTC Price will Hit $100K before Bitcoin Sweeps $30K Lows
Crypto Bahamas: Regulations Enter Critical Stage as Gov’t Shows Interest

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data coin-rss-logo

We influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad imageAd image
© CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?