The financial regulator said the bank’s “compliance with laws and regulations does not require the continued existence of the order,” first issued in April 2022. The US Office of the Comptroller of the Currency (OCC) said it had issued an order terminating a consent order made against cryptocurrency custody bank Anchorage Digital in 2022. In a Thursday notice, the OCC said it had dropped the order “to assure the safety and soundness” of Anchorage. The financial regulator’s April 2022 order was based on Anchorage’s “failure to adopt and implement a compliance program” in accordance with Anti-Money Laundering (AML) standards. However, the OCC said the bank’s “compliance with laws and regulations does not require the continued existence of the order.” “[W]e received—and have now resolved—feedback from regulators as we set the standard for federally-chartered custody of digital assets,” said Anchorage co-founder and CEO Nathan McCauley in a Thursday blog post, adding: Read more
Bitcoin’s options expiry and tech-sector pressures will determine if the bull run truly ended or just took a pause. Key takeaways: Bitcoin bears hold strong incentives below $114,000, likely intensifying pressure ahead of the options expiry. AI-sector spending concerns add turbulence and weigh on investors’ broader risk appetite. Read more
Though a Justice Department official did not mention the Tornado Cash developer by name, he made many general references to enforcement cases involving similar allegations. Tornado Cash co-founder Roman Storm, found guilty on one felony count in August, may be closer to avoiding a possible retrial on additional charges following a statement from a Justice Department official. Speaking at a Thursday summit in Wyoming organized by the cryptocurrency advocacy organization American Innovation Project, Matthew Galeotti, the acting assistant attorney general for the Justice Department’s criminal division, suggested that the department would be changing its approach to certain enforcement cases involving crypto and blockchain. The DOJ official said his remarks were to offer clarity following an April memo from US Deputy Attorney General Todd Blanche, titled “Ending Regulation by Prosecution.” Read more