Mitigation

The OCC issued a consent order against Anchorage Digital Bank, one of the first crypto firms to receive conditional approval for a national trust charter.

The Financial Services Information Sharing and Analysis Center’s most recent weekly risk summary report covers the latest threats from the Russia-Ukraine conflict; Octo, a new Android banking trojan; and phishing campaigns targeting financial institutions.

Acting Comptroller of the Currency Michael Hsu identified three key policy issues critical to understanding and shaping the stablecoin system: stability, interoperability, and separability.

Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on Treasury Secretary Janet Yellen’s remarks on digital assets.

A broad coalition of bank and credit union associations and consumer organizations today submitted a letter to the U.S. House Committee on Financial Services urging passage of the Close the ILC Loophole Act (H.R. 5912), introduced by Representatives Chuy Garcia (D-IL) and Lance Gooden (R-TX).

Decentralized finance platform Ronin Network announced a hack of more than $625 million in cryptocurrencies, possibly the largest crypto hack on record.