Senator Elizabeth Warren has raised concerns over the approval of national trust bank charters for cryptocurrency companies. In a letter to the Comptroller of the Currency, she argued that nine such approvals violated the National Bank Act.
Elizabeth Warren is questioning the legality of decisions made by the Office of the Comptroller of the Currency under Jonathan Gould. She specifically challenged approvals or conditional approvals for trust charters granted to several crypto firms, including Coinbase and Ripple.
