Brutkey

Only days after the settlement, Paxos joined Ripple, Circle, and other cryptocurrency companies in applying for a national trust bank charter, which would put the firm under federal OCC supervision and more closely integrate it into the traditional financial system.13 Crypto-friendly regulators are being installed at various federal agencies, including former blockchain executive and newly confirmed Comptroller of the Currency John Gould [I88]. Paxos and other crypto firms, in seeking these charters, may be hoping to reduce their exposure to state regulators — particularly in places like New York — that have continued to police crypto company abuses, and instead operate primarily under more permissive federal oversight.
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2025-08-13T21:04:44.428Z
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Only days after the settlement, Paxos joined Ripple, Circle, and other cryptocurrency companies in applying for a national trust bank charter, which would put the firm under federal OCC supervision and more closely integrate it into the traditional financial system.13 Crypto-friendly regulators are being installed at various federal agencies, including former blockchain executive and newly confirmed Comptroller of the Currency John Gould [I88]. Paxos and other crypto firms, in seeking these charters, may be hoping to reduce their exposure to state regulators — particularly in places like New York — that have continued to police crypto company abuses, and instead operate primarily under more permissive federal oversight.
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