| Date | Action | Agency | Summary |
|---|---|---|---|
| 2025-03-07 | OCC Rescinds Interpretive Letter 1179 |
OCC
|
OCC banks no longer have to get permission ahead of time from the OCC, demonstrating their ability to handle crypto activities in a safe and sound way. Now, those activities are just permitted. Even with the tougher standards and approval, banks were still getting into trouble with crypto. So, opening the floodgates will only make things worse…it will cause the regulators to have to clean up the mess after the problems have happened, banks get into trouble, consumers get hurt, financial system is endangered, etc. |
| 2025-03-07 | OCC withdraws from interagency policy statements on crypto |
OCC
|
OCC withdrew from two interagency statements on Crypto risk “Joint Statement on Crypto-Asset Risks to Banking Organizations” (January 3, 2023), and the “Joint Statement on Liquidity Risks to Banking Organizations Resulting from Crypto-Asset Market Vulnerabilities” (February 23, 2023). This action further opens and exposes the banking system to risk associated with crypto activities. |
| 2025-03-06 | Dismissal of Civil Enforcement Against Acima |
CFPB
|
The CFPB continues to dismiss enforcement actions against alleged predatory financial services companies—this time against a fintech lease-to-own company. |
| 2025-03-04 | SEC closes Yuga Labs Investigation |
SEC
|
The SEC closed its investigation into NFT Maker Yuga Labs. The SEC has surrendered to the crypto industry. |
| 2025-03-04 | SEC Dismisses Case Against Cumberland DRW |
SEC
|
The SEC dismissed its case and allegations against Cumberland DRW, the crypto trading arm of DRW. The SEC has surrendered to the crypto industry. |
| 2025-03-04 | SEC Dismisses Case Against Ian Balina |
SEC
|
The SEC dismissed its case and allegations against crypto influencer Ian Balina. The SEC has surrendered to the crypto industry. |
