- Sen. Elizabeth Warren raised concerns about crypto firms making a broader push into the banking system.
- Ripple, Paxos and Coinbase affiliates are among companies that have sought or received national trust company charters.
- Warren said the OCC’s easing of trust company rules could create risks to consumer protection and financial system stability if it leads to a broader scope of financial activities.
Forecast Trend Report by Period
Sen. Elizabeth Warren, a Massachusetts Democrat, has raised concerns about crypto firms expanding their access to the US banking system.
Bloomberg reported on May 19 that Warren sent a letter to the Office of the Comptroller of…
