Happy Friday, Blockfolians
There has been a lot of bluster around the Office of the Comptroller of the Currency in the back half of this year. Headed by former Coinbase Chief Legal Officer Brian Brooks, the office has made strides to ensure banks that they are allowed to custody crypto and work with stablecoin issuers.
Indeed, so active has been the OCC that some in Congress - namely the three Congressional officers who just introduced the STABLE Act - have critiqued them for moving too quickly and unilaterally.
Today, Brooks was on CNBC to discuss whether there was any truth to rumors that surfaced last week that the US Treasury was planning a number of contentious anti-crypto measures on their way out.
Here’s what he had to say:
What’s your prediction for what we’re going to see?
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