State of Crypto: Interpreting the Paxos-Binance Tea Leaves

Under the watch of Brian Brooks, who returned to the crypto industry after he left the OCC, the regulator took an open-armed approach to digital assets. For a while, the OCC encouraged crypto firms to chase charters, and a few of them got provisional access into the ranks of trust banks. With the arrival of President Joe Biden’s more crypto-suspicious appointees, though, the door slammed shut, and since then the FTX debacle released a poisoned cloud into the offices of the U.S. banking agencies – also including the Federal Reserve and Federal Deposit Insurance Corp.

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• Source: https://www.coindesk.com/policy/2023/02/15/state-of-crypto-interpreting-the-paxos-binance-tea-leaves/?utm_medium=referral&utm_source=rss&utm_campaign=headlines