Comments to the Office of the Comptroller of the Currency on Supporting Responsible Innovation

We tell the OCC why it should create a federal fintech charter.

Coin Center filed this comment letter responding to the Office of the Comptroller of the Currency’s request for comment on its recent white paper on innovation. In it, we praise the OCC for their forthright observation that they may have a “low risk tolerance for innovative products and services” which can result in “a deliberate and extended vetting process that can discourage innovation inadvertently.” And then we ask for action: a federal fintech charter.

A direct download of this comment is available here.

Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using permissionless blockchain technologies.