US Bank Regulator Sees Potential in Fintech Solutions to Legacy Banking Issues

[Lenipiw]

A fintech-positive U.S. banking regulator sees a role for private companies in providing better banking services.
The United States Acting Comptroller of the Currency, Brian Brooks, recently expressed his willingness to embrace fintech solutions in an interview with CNN.

Brooks, who was formerly Chief Legal Officer at Coinbase, explained that his job now was to “identify impediments that make it harder for people to get what they want and need.”

This has already led to a green light for banks to provide crypto custody services, and Brooks also mooted the possibility of a future Central Bank Digital Currency (CBDC) issued by private companies but backed by bank deposits.
Visit here: https://cointelegraph.com/news/us-bank-regulator-sees-potential-in-fintech-solutions-to-legacy-banking-issues

[Astra]

Finally, in the United States, people who are loyal to decentralized cryptocurrency are appointed to positions related to the regulation of financial relations, and in particular those related to cryptocurrency. The United States is already lagging far behind in the pace of cryptocurrency legalization and in issuing its national stablecoin. Of course, an official who previously worked in the administration of a large cryptocurrency exchange will be much faster in making positive decisions about cryptocurrency.