Happy Surprises for Crypto at the End of the Trump Administration?

Plus more CBDC rumblings

Happy Friday, Blockfolians

The Lede

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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Highly Relevant Reading

  • Citigroup is helping countries around the world with CBDCs says CEO

  • Defense funding bill includes numerous blockchain/crypto issues

  • Layer 2 scaling solution OMG Network acquired by a venture firm

  • Ant Group and three other digital banks get approval to operate in Singapore


Community Commentary

Savage and true
Massive new piece from Lyn

A Really Big Number We Should Be Paying Attention To

$3,000,000

That’s the value of the digital yuan being given away by the Chinese city of Suzhou in a new CDBC trial


Final Thought

We’ve entered the “meme war” stage