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Banking Shake-Up: Crypto Firms Granted Regulatory Entry

3/17/2026

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Summary

Story summary

Comptroller of the Currency Jonathan Gould says the banking industry must adopt innovation to stay competitive.
He has approved Ripple and Crypto.com to establish banks and is open to applications from other payment-technology firms.
Traditional banks are upset, arguing these entrants may not face the same regulatory scrutiny.
The move underscores tensions over regulatory parity for crypto and payment-technology banks.

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Story summary

Comptroller of the Currency Jonathan Gould says the banking industry must adopt innovation to stay competitive.
He has approved Ripple and Crypto.com to establish banks and is open to applications from other payment-technology firms.
Traditional banks are upset, arguing these entrants may not face the same regulatory scrutiny.
The move underscores tensions over regulatory parity for crypto and payment-technology banks.