TechFlow news, September 10 — According to CoinDesk, Jonathan Gould, Comptroller of the Currency at the U.S. Office of the Comptroller of the Currency (OCC), said at a CoinDesk policy and regulation event in Washington, D.C., that "debanking" in the cryptocurrency sector is indeed occurring. He stated this is a real phenomenon, citing that just last week, corporate accounts were told by banks, "We don't want your business."
Gould said he has been actively working since taking office to address debanking, removing previous "anti-crypto licensing conditions," and initiating the development of new regulatory frameworks for stablecoins. Earlier this week, the OCC issued a statement announcing actions taken to "eliminate politicized or unlawful debanking practices within the federal banking system." Gould emphasized that the OCC's risk-avoidance strategy pursued over the past few years has ended, and the period of barriers preventing banks from engaging in crypto-related activities is over.
