By Isaac • May 19, 2026 4:48 pm •
Senator Elizabeth Warren sent a letter to OCC Comptroller Jonathan Gould questioning the national trust company charters granted to nine crypto firms, including Coinbase, Ripple, Circle, Paxos, Fidelity Digital Asset Services, and BitGo.
Warren argued the firms look more like crypto banks than narrow trust companies. She wants the OCC to explain why they qualify under the National Bank Act.
The letter also asked for records of communications between the OCC and President Trump or his family members related to the chartering decisions.
The window to lead on digital assets won’t stay open forever. Europe isn’t waiting—and neither is China.
I’ve spent years building the Clarity Act so America doesn’t have to play catch up.
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