We Don’t Need the OCC’s ‘Political Discrimination’ Rule
A proposed OCC rule would stop banks from using political criteria in lending. But we don't need it, says our columnist.
Related News
Brian Brooks finalized the controversial Fair Access to Banking rule in what could be his last act in office.
If approved, cryptocurrency donations and contributions will need to be reported as in-kind contributions or as investments, not currency. The proposal was filed with the Texas Secretary of State, which sought to address and clarify the reporting requirements of political contributions made with cryptocurrencies. According to the filing:“The new rule permits candidates, officeholders, and political committees to accept cryptocurrency. It does not distinguish between any types of cryptocurrencies, like Bitcoin.”If approved, cryptocurrency donations and contributions will need to be reported....
New rule-making aims to stop "creeping politicization of the banking industry," says OCC head. Per an announcement on Friday, the Office of the Comptroller of the Currency, or OCC, is looking for public comments on rule-making that would stop banks from denying services to businesses based on sector.In the words of Comptroller Brian Brooks, “Blanket boycotts of entire industry sectors have to stop.”The OCC’s announcement points to political hot-button issues that banks have systematically denied services to, including oil and gas companies in Alaska as well as Planned Parenthood.Speaking....
Yeonmi Park and other political activists discussed how Bitcoin can empower and bring freedom to people living under authoritarian rule.
Politics in today’s world no longer has anything political about it, and how Bitcoin revives The Political.