2026-02-12 08:14:12
ABA pressures OCC to halt crypto bank license review: Ripple, Circle caught in regulatory storm again
February 12 News, in 2026, the American Bankers Association (ABA) officially sent a letter to the Office of the Comptroller of the Currency (OCC), demanding an immediate halt to the review of national banking charters for multiple cryptocurrency companies, including Ripple, Circle, and other related applicants. This move is seen as a strong countermeasure by the traditional American banking system against the expansion of the digital asset sector.
The ABA stated in the letter that, before Congress completes the cryptocurrency financial regulatory framework, the OCC should not continue processing these applications at the traditional banking approval pace. The association emphasized that regulatory agencies must thoroughly assess the applicants' compliance responsibilities, capital structure, and potential systemic risks before issuing any charters.