Fiat Freeway: Anchorage Receives OCC Approval to Become a Federally Chartered Bank and Brian P. Brooks Steps Down From the OCC

Last week, ‘Fiat Freeway’ examined the most recent interpretive letter on digital assets from the U.S. Office of the Comptroller of the Currency’s (OCC). 

We’ve also previously covered GMO-Z.com Trust Company Inc.’s trust charter approval from the New York State Department of Financial Services (NYDFS), Visa’s novel offline payment system (OPS) protocol for CBDC, Paxos’ $142M Series C fundraising, FinCEN’s proposed KYC rule for digital wallets, digital asset firms seeking banking licenses, digital asset industry backlash from Capitol Hill, China’s Digital Currency Electronic Payment (DC/EP), the ECB’s ‘digital euro’ initiative, the Fed’s classification of CBDC literature, Norges Bank’s study on CBDC ‘Safe Asset’ Funding, an ECB Board Member’s stablecoin speech, Circle’s blog post on using stablecoins for US foreign policy, and a BIS paper on “rigid stablecoins.”