Senator Warren accuses OCC of illegally greenlighting crypto bank charters

DTCC expands ETF clearing as NSCC, DTC and OCC connect to support centrally cleared shares tied to listed options. DTCC has expanded ETF post-trade services as NSCC and DTC add central clearing support for ETF shares with listed options. The new framework connects with OCC, which clears the options components, while NSCC and DTC process […] The post DTCC Units Enable Central Clearing For ETFs Holding Listed Options appeared first on Live Bitcoin News.

Sen. Elizabeth Warren sent a formal letter to OCC Comptroller Jonathan Gould on May 18, 2026, accusing the agency of illegally granting national trust charters to at least nine crypto companies and demanding full records by June 1. Warren Targets OCC Over Crypto Bank Charters That Allegedly Bypass Federal Safeguards Elizabeth Warren, the ranking member […]

Senator Elizabeth Warren is taking a new aim at the crypto industry, now challenging how the Office of the Comptroller of the Currency (OCC) has handled national trust bank charters for digital asset firms.  Her latest concern centers on the OCC’s approvals—some granted on a conditional basis over recent months—at a time when the conventional […]

In a letter to the Comptroller of the Currency, Warren argued nine national trust bank charter approvals for crypto firms violated the National Bank Act.

The Massachusetts lawmaker asked the US Comptroller of the Currency to provide all communications between the agency and Donald Trump potentially related to the charter approvals.

Augustus Bank CEO Ferdinand Dabitz says legacy clearing banks can’t be rebuilt for AI after the OCC grants conditional approval for its stablecoin-focused US bank push.

Augustus says old banks can’t rebuild for AI and stablecoins after OCC approval, as it prepares Dallas bank for programmable clearing soon.

The post OCC Grants Conditional Approval to Augustus for First AI-Native US National Bank Charter appeared on BitcoinEthereumNews.com. Augustus received OCC conditional approval to charter the first AI-native US clearing bank. CEO Ferdinand Dabitz aged 25 becomes the youngest federally chartered bank CEO in 100 years. Traditional clearing banks close 115 days yearly and take two days to settle transactions. A 25-year-old just received OCC approval to build America’s first AI-native clearing bank, Augustus, has received conditional approval from the Office of the Comptroller of the Currency to establish Augustus Bank N.A. as a full-service US national bank. The approval makes Augustus the first clearing bank built from the ground up for AI agents, programmable money, and always-on global settlement. 1/ There is so much to be said about the bank charter, the approval and how we’re re-thinking clearing for the AI era. But first, I wanted to take 2 minutes to talk about why “Augustus”. pic