Trump’s OCC chief vows to end banking bias against crypto activity
Jonathan Gould, head of the OCC, said on Wednesday that the agency plans to shut down what he called a “two-tiered system” where banks are pressured to avoid working with legal crypto businesses.
Speaking at a CoinDesk event in Washington, Jonathan said many of these firms are operating well within the law and should not be blocked from basic financial services just because they’re in crypto.
“I view a lot of what crypto represents, as well as using the technology and processes underlying it, as being inherent to financial intermediation services,” he said.
Jonathan made it clear that the OCC won’t keep letting banks discriminate against crypto activity that’s legal. In his words:
“We’re going to take a step…
