The office of the currency controller (OCC) ended his consent order against digital anchorage, the first and the only cryptocurrency bank with a federal charter in the United States. The decision, announced on August 21, 2025, follows a year of regulatory development under the Trump administration, which saw the federal agencies adopt a more accommodating position towards the cryptographic industry (1). The consent order had been imposed in 2022 in the context of the Biden administration due to concerns concerning the anti-anchorage anti-enjepture (AML) money laundering and knows your customer practices (KYC) (2). The OCC has now declared that the bank had tackled these problems sufficiently, ensuring that its safety and compliance with applicable laws do not require continuous regulatory intervention (3).
Digital anchorage, which received its charter in 2020, underwent significant operational and structural changes to align with federal standards. The company indicated that it had strengthened its compliance infrastructure, extended its compliance team and invested in the automation and development of talents. The CEO Nathan McCauley, stressed that the resolution of the consent order reflects the company’s commitment to establish standards of compliance with the crypto (2). McCauley has also noted that the last 1,681 days since the Bank Charter was marked by a change in the regulatory landscape and an increase in the interest of other cryptographic companies in search of national trust charters (1).
The end of the execution order is aligned with broader regulatory trends. The Federal Reserve has canceled the previous guidelines discouraging banks to engage in cryptography activities and collaborated with the OCE to clarify how existing rules apply to the Carefrut of Cryptography. This regulatory clarity has encouraged other cryptographic companies – like Paxos, Ripple, Circleand Sage – to continue the charters of the national trust (2). However, the growing number of requests has aroused concerns of traditional banking associations. The American Bankers Association recently urged the OCC to suspend its assessment of these requests until a complete examination of the alignment of trade models on the objective of the national trust charters is completed (3).
Industry stakeholders have different perspectives on the implications of these developments. Fintech defenders argue that the framework of the WCE trust charter promotes competition and innovation in the financial sector, allowing new models to serve customers more efficiently. Meanwhile, traditional banks fear that the rise of stable -coated stables can be eroded their deposit base, potentially affecting their profitability and their ability to support local savings (2). An estimate of the Treasury suggests that the stablecoins could reach more than 6 dollars of dollars in volume, which raised significant concerns concerning their systemic impact (3).
The wider regulatory context includes legislative developments such as the recently promulgated engineering law, which defines the requirements for the issue of STABLAGE, in particular the support of the complete reserve and the monthly audits. Other bills entering – such as the Clarity Act and the Anti -CBDC surveillance law – consult to clarify the roles of regulatory organizations and prevent the federal reserve from issuing a digital currency of the Central Bank without approval from the Congress (4). These legislative efforts reflect an increasing federal interest to shape the future of digital assets, while responding to the risks associated with financial stability and consumer protection.
Source:
(1) Title1 (https://www.theblock.co/post/367827/us-occ-drops-censent-order-against-anchorage-digital-amid- Regulations-shift? Utm_medium = RSSS & UTM_Source = RSSS)
(2) Title2 (https://www.americanbanker.com/news/occ-terminates-consent-order-against-anchorage-digital)
(3) Title3 (https://www.coindesk.com/policy/2025/08/21/us-banking-gulator-occ-lifts-enfortion-order-from-anchorage-digital)
(4) Title4 (
