Jonathan Gould, head of the Office of the Comptroller of the Currency (OCC), said that cryptocurrency companies applying for a federal bank charter should be evaluated the same way as any other financial institution. Speaking at a blockchain conference, he explained that although some applicants offer innovative services, core functions such as custody and safekeeping have been managed electronically by banks for decades. Because of this, Gould believes there is no reason to treat digital assets differently or place them under separate standards.
Gould acknowledged that the OCC has historically viewed crypto-focused firms as higher-risk entrants, which is why only two crypto institutions—Anchorage Digital and Erebor—currently hold national trust charters. However, interest in federal charters is rising quickly. The OCC has already received 14 new bank applications this year, nearly equaling the number submitted over the previous four years combined, including several from digital asset firms.
OCC Confident in Supervising New Technologies
Gould reassured the industry that the OCC is fully prepared to supervise new types of banks and the technologies they bring. He emphasized that responsible innovation can improve customer service, enhance competition, and help strengthen local economies. Allowing banks to evolve with modern technology, he said, is essential for maintaining a strong and forward-looking financial system.
By supporting equal treatment for digital asset companies, the OCC is moving toward a more balanced regulatory approach. Gould’s message signals that any firm—whether traditional or crypto-native—should have the opportunity to operate as a federally regulated bank if it meets the required standards. This shift could lead to more crypto firms pursuing national charters and expanding the role of blockchain-based services within the U.S. banking landscape.
