Anchorage Digital Clears Key Hurdle as Regulatory Winds Shift
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Anchorage Digital has successfully navigated a major regulatory challenge, with the OCC dropping a 2022 consent order that had questioned its AML and KYC programs.
The agency’s dismissal signals its confidence in the bank’s current compliance framework.
This development is emblematic of a wider pro-crypto pivot by US banking regulators. Recent actions, including the Fed and OCC’s joint guidance on crypto custody, have created a more favorable environment.
For Anchorage, the resolution validates its strategy of pursuing a federal charter, which CEO Nathan McCauley credits for giving the firm a multi-year “head start.”
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