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Blog

Biden’s OCC Pick Would Target FinTech, Crypto

The Big Picture

09/30/2021
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Blog

FreedomWorks Sends Letter in Opposition to S.J.Res. 15: Congressional Disapproval of OCC True Lender Rule

Today, FreedomWorks sent the following letter to Senate Majority Leader Chuck Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.), as well as Senate Committee on Banking, Housing, and Urban Affairs Chairman Sherrod Brown (D-Ohio) and Ranking Member Pat Toomey (R-Pa.), expressing strong opposition to S.J.Res. 15, which would disapprove of the OCC's October 2020 True Lender rule.

05/10/2021
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Blog

Regulatory Acceptance of Stablecoins Signals Big Changes on the Horizon

A major piece of guidance issued recently by the Office of the Comptroller of the Currency (OCC) is already making waves in financial circles. This directive allows banks and federal savings associations to hold deposits as reserves for stablecoins that are backed one-to-one by a fiat currency. Although this order is very limited in scope, it represents a pivotal move towards an innovative regulatory framework and signals the future inclusion of commodity-backed stablecoins.

10/05/2020