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At the @USOCC, we have worked diligently and expeditiously to deliver the GENIUS Act final rule ahead of schedule to support President Trump's vision and @SecScottBessent's leadership to grow the economy and lead the global digital currency revolution.
Today marks the birth of a new industry having a federal framework for payment stablecoins in the digital age. It also brings us back to our original mission when the OCC was charged with the responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency.
Today marks the birth of a new industry having a federal framework for payment stablecoins in the digital age. It also brings us back to our original mission when the OCC was charged with the responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency.
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Financial literacy fuels the American Dream and helps unlock financial freedom. The new National Strategy for Financial Literacy puts a clear focus on helping Americans save, invest, navigate digital finance, and protect themselves against scams and fraud. At @USOCC, we are proud to be a part of this effort to equip Americans with the knowledge to take control of their financial futures and participate in the world’s greatest economy.
The newest United States National Strategy for Financial Literacy is a roadmap to help every American build the knowledge and skills needed to achieve financial security for themselves and their families.
The advent of Trump Accounts demonstrates what this approach looks like in practice. By giving young Americans and their families an opportunity to save and invest together, we can make financial education tangible, help a new generation establish sound financial habits from an early age, and build the knowledge and confidence to participate in our financial markets.
home.treasury.gov/news/press-rel…
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Without the American military, there would be no national banking system to keep safe, sound, and prosperous. The men and women who serve our country, and the families who stand behind them, deserve access to financial institutions that understand their unique circumstances.
ress this year’s Military Banking Summit and discuss @USOCC’s actions to reduce regulatory burden and tailor supervision for community banks, including military banks. We are proud that veterans and active-duty servicemen account for around 10% of our workforce here at the OCC, and we are grateful to all who serve or have served the United States, safeguarding our freedoms and way of life.
ress this year’s Military Banking Summit and discuss @USOCC’s actions to reduce regulatory burden and tailor supervision for community banks, including military banks. We are proud that veterans and active-duty servicemen account for around 10% of our workforce here at the OCC, and we are grateful to all who serve or have served the United States, safeguarding our freedoms and way of life.
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Very productive visit to Oklahoma City last week. I joined Community Bankers of Oklahoma (@CBAOK) for a fireside chat focused on @USOCC’s priorities, including recalibrating risk, strengthening bank supervision, and embracing responsible innovation. I also had the opportunity to leagues and hear about their hard work to ensure the federal banking system remains safe, sound, and supportive of economic growth.
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The Texas economy is growing rapidly thanks in large part to the Lone Star State's smart, business-friendly regulatory environment. I appreciated the opportunity to tour the new state-of-the-art @NYSE Texas and discuss ways in which @USOCC can continue to support growth, n in capital markets.
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Comptroller Jonathan V. Gould retweeted
I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America.
Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades.
The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.
Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades.
The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.
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Hearing directly from the community bankers driving the American economy is one of the most rewarding parts of my role. Last week in Dallas, I met with more than a dozen community bankers convened by the Independent Bankers Association of Texas.
@USOCC is not only committed to gulatory burden but also ensuring that our regulatory and supervisory frameworks are properly calibrated and focused on the risks that truly matter, particularly those that could materially affect a bank’s financial condition.
@USOCC is not only committed to gulatory burden but also ensuring that our regulatory and supervisory frameworks are properly calibrated and focused on the risks that truly matter, particularly those that could materially affect a bank’s financial condition.
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The @USOCC is building on @POTUS and @SecScottBessent’s work to replace regulatory excess with smarter, stronger, and more effective oversight. This proposed guidance helps banks avoid overly process-driven strategies that treat all third-party relationships as inherently higher risk.
The OCC proposed guidance that enables banking organizations & examiners to focus on material financial risks violations of laws & regulations rather than ineffective & counter-productive check-the-box exercises to effectively manage third-party risk. occ.gov/news-issuances….
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Comptroller Jonathan V. Gould retweeted
Today marks 25 years since the 9/11 attacks, which not only struck the heart of our nation’s financial system but way of life. We honor the victims, their families, survivors & heroic first responders, while recognizing the enduring strength & resilience of the American spirit.
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A supervisory culture focused on check-the-box compliance can distract examiners and bank executives from material financial risks that can endanger the viability of a bank if unaddressed. @USOCC's new framework is intended to promote safety and soundness by returning to risk-based supervision.
The OCC is returning to risk-based supervision. Read the OCC’s new supervisory framework that provides clearer guardrails to ensure that examiners and institutions prioritize material financial risks and violations of law. occ.gov/news-issuances…
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This first-of-its-kind new rule builds on the important work of @POTUS and @SecScottBessent to rightsize regulation by focusing supervisory attention on the most significant risks and violations, while giving banks greater clarity, transparency, and predictability.
The OCC is returning to risk-based supervision rooted in law and emphasizing examiner judgment, not arbitrary checklists. Read the final rule that hardwires a foundation of supervision into regulation. occ.gov/news-issuances…
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President Trump and @SecScottBessent are working tirelessly to ensure America remains the world's leader in financial innovation.
In Wyoming, I shared how the market is taking notice: Digital asset chartering activity at @USOCC has seen an 8x increase compared to the four years tion, which squelched the industry through burdensome and shortsighted regulation.
The GENIUS Act represents a historic course correction, made possible through the leadership of @POTUS, that will transform the future of finance. We are proud to support its implementation and expect to have our final rule out by November.
In Wyoming, I shared how the market is taking notice: Digital asset chartering activity at @USOCC has seen an 8x increase compared to the four years tion, which squelched the industry through burdensome and shortsighted regulation.
The GENIUS Act represents a historic course correction, made possible through the leadership of @POTUS, that will transform the future of finance. We are proud to support its implementation and expect to have our final rule out by November.
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Comptroller Jonathan V. Gould retweeted
.@USComptroller Gould: The GENIUS Act is a monumental and historic accomplishment made possible through the leadership of @POTUS and @SecScottBessent. The @USOCC expects to have a final rule out by November.
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Comptroller Jonathan V. Gould retweeted
.@USComptroller: Digital asset innovation is flourishing under @POTUS & @SecScottBessent. More than half of @USOCC applications received for new bank charters are related to digital assets – an eightfold increase from the Biden Administration.
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For too long, regulators stifled the formation of new banks, reduced competition, and weakened the resilience of the banking system.
@USOCC supports @FDICgov’s new process to review deposit insurance applications. Collectively, our agencies are making efforts to reverse the decline in de novo chartering in order to drive financial services innovation, expand consumer choice, and support long-term growth in the American economy.
@USOCC supports @FDICgov’s new process to review deposit insurance applications. Collectively, our agencies are making efforts to reverse the decline in de novo chartering in order to drive financial services innovation, expand consumer choice, and support long-term growth in the American economy.
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OCC Commends FDIC Reform, Advances Priority to Reinvigorate De Novo Chartering occ.gov/news-issuances…
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Under @POTUS's leadership, community banks are making a comeback. These institutions are the backbone of the American economy, helping small businesses grow, supporting families, and serving as the first line of defense against illicit finance.
Last week in Arizona, I joined ZBankers to discuss how community banks advance economic growth and strengthen our economic security at the border and across the country. @USOCC is working with @USTreasury and our agency partners to implement the President's Executive Order, “Restoring Integrity to America’s Financial System,” by issuing guidance that reinforces that banks should appropriately consider the risks associated with lending to criminal illegal aliens.
Under the Trump Administration, the integrity and security of the financial system Americans rely on will always come first. We will continue fighting fraud, preventing abuse, and cutting burdensome regulation so community banks can better serve customers, finance small businesses, and deploy capital in local communities.
Last week in Arizona, I joined ZBankers to discuss how community banks advance economic growth and strengthen our economic security at the border and across the country. @USOCC is working with @USTreasury and our agency partners to implement the President's Executive Order, “Restoring Integrity to America’s Financial System,” by issuing guidance that reinforces that banks should appropriately consider the risks associated with lending to criminal illegal aliens.
Under the Trump Administration, the integrity and security of the financial system Americans rely on will always come first. We will continue fighting fraud, preventing abuse, and cutting burdensome regulation so community banks can better serve customers, finance small businesses, and deploy capital in local communities.
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Read more: Secretary of the Treasury Scott Bessent, Comptroller of the Currency Jonathan Gould Highlight Community Bank Comeback at Arizona Bankers Association Roundtable occ.gov/news-issuances…
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Comptroller Jonathan V. Gould retweeted
Last week in Arizona, I joined @USComptroller and local banking leaders to discuss the critical role they play on the frontlines of furthering our economic and national security. We highlighted recent guidance issued to supervised financial institutions that supports the lling banks to consider the risks associated with lending to illegal aliens.
The Trump Administration will continue working with community banks to combat financial crime, strengthen the banking system, and protect the American people, while also taking steps to reduce their regulatory burden so they can better serve families and small businesses across the country.
The Trump Administration will continue working with community banks to combat financial crime, strengthen the banking system, and protect the American people, while also taking steps to reduce their regulatory burden so they can better serve families and small businesses across the country.
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