Trump-picked OCC head proceeds with consideration of WLF's bank charter
The head of the Office of the Comptroller of the Currency (OCC), appointed by former President Trump, is moving forward with the consideration of a bank charter for the Wyoming-based digital asset firm, Wyoming Financial (WLF). This decision is significant as it could pave the way for more cryptocurrency-related institutions to operate under a federal banking framework. The OCC's review process will assess WLF's application, which aims to provide banking services specifically tailored for the digital asset sector. The outcome could have broader implications for the regulation and acceptance of cryptocurrency in the U.S. banking system.
Read the full article: Coin Telegraph