Warren Presses Banking Regulator on Crypto’s Trust Charter Push

Senator Elizabeth Warren is raising questions about a financial regulator’s decision to let crypto companies into the banking system, saying that some of the companies are “seemingly ineligible.”

The Massachusetts Democrat wrote to Jonathan Gould, the head of the Office of the Comptroller of the Currency, saying that the regulator has approved at least nine national trust charters for crypto companies “that appear to go far beyond the narrow set of activities permitted by law” in an “apparent violation of the National Bank Act.”

A representative of the OCC didn’t immediately respond to a request for comment.

Jonathan Gould

Photographer: Al Drago/Bloomberg

The OCC ...