OCC is too caught up in crypto under former Coinbase exec, congresspeople say
Multiple United States congresspersons recently expressed their displeasure at the OCC's focus on crypto this year. Brian Brooks, the former Coinbase executive turned leader of the U.S. Office of the Comptroller of the Currency, or OCC, recently received a letter from multiple members of Congress expressing concerns over his crypto-heavy leadership. The letter, from Stephen Lynch and Rashida Tlaib, two congresspeople for Massachusetts and Michigan respectively, also holds signatures from Jesús García, Deb Haaland, Barbara Lee and Ayanna Pressley — representatives from Illinois, New Mexico,....
Related News
Melissa Strait will take charge of Coinbase's compliance initiatives ahead of its planned public listing.
As many in the crypto industry have said, 15 days over the holidays is just not enough time to respond. Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses. The Thursday letter is in response to the Treasury's recent proposal to make registered crypto businesses hold on to more customer information, especially when transacting with self-hosted wallets.The proposal has been met with widespread outrage from the crypto community. Among grievances, many cite the fact that Mnuchin is pushing this rule out just weeks before the....
Coinbase’s Chief Legal Officer, Paul Grewal has recently used the law to back the approval of a Spot Bitcoin Exchange Traded Fund (ETF) by the United States Securities and Exchange Commission (SEC), highlighting that the US regulator should fulfill its responsibilities. Coinbase CLO Optimism On The Approval Of A Spot BTC ETF In an interview […]
Coinbase officials have suggested that they need to become the "Amazon Web Services of cryptocurrencies" as soon as possible. With Amazon Web Services (AWS) being one of the most popular cloud service providers on the planet, it's no surprise that Coinbase, a cryptocurrency exchange based in the United States, is attempting to capitalize on its success by developing its own cloud infrastructure solution, Coinbase Cloud."We want to be the AWS of crypto," said Coinbase chief product officer Surojit Chatterjee in an exclusive interview with Forbes. "We are building this whole Coinbase Cloud....
Roger Bartlett is the latest in a line of Wall Street executives who have moved into the blockchain and crypto space. Roger Bartlett, a Goldman Sachs veteran who has held various positions at the firm since 2005, announced he would be moving to Coinbase.In a Friday announcement on LinkedIn, Bartlett said he would be running global financial operations at Coinbase after 16 years at the investment banking giant. The now-former global co-head of operations for global markets at Goldman Sachs said he would be working with Coinbase chief financial officer Alesia Haas, president and chief....