Regulator Pushes Back Against Traditional Banks’ Concerns

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Despite pushback from banks and trade groups, Gould dismissed fears that crypto firms are too risky to supervise. He said reversing innovation would harm customers and local economies, pointing to the OCC’s years of oversight experience with crypto-native trust banks like Anchorage Digital. The regulator says it’s confident in supervising both new entrants and new digital initiatives from existing banks.

[Rimon Khan]

Traditional banks always resist change — regulators know this.

[Abdul Khan]

Digital assets aren’t going away, banks must evolve.