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Rulemaking Process › Banking Sector › Digital Assets

Orrick, Herrington & Sutcliffe LLP

Wyoming enacts law for converting special purpose depository institutions to public trust companies

Orrick, Herrington & Sutcliffe LLP on

On March 17, Wyoming enacted SF 95 which addresses the conversion of special purpose depository institutions into public trust companies. The Act introduces a new section which outlines that, as part of a conversion...more

Sheppard Mullin Richter & Hampton LLP

OCC Chief Counsel Clarifies Bank Authority to Engage in Crypto

Sheppard Mullin Richter & Hampton LLP on

On November 18, the Chief Counsel of the Office of the Comptroller of the Currency (OCC) issued a fourth interpretive letter (Letter 1179) regarding whether it is permissible for national banks and federal savings...more

Sheppard Mullin Richter & Hampton LLP

Banking Agencies Provide Crypto-Asset Roadmap as a Result of Interagency “Policy Sprints”

Sheppard Mullin Richter & Hampton LLP on

On November 23, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency (“banking agencies”) released a joint statement recognizing that the...more

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