Catenaa, Wednesday, August 27, 2025-The Office of the Comptroller of the Currency has terminated its consent order against Anchorage Digital, the first federally chartered digital asset bank in the United States.
The OCC initially issued the order in 2022 over concerns that Anchorage’s compliance program did not fully cover Bank Secrecy Act and anti-money laundering requirements.
The agency said last Thursday that the bank’s safety, soundness, and regulatory compliance no longer require the continued existence of the order.
Anchorage Digital, headquartered in South Dakota, provides custody, staking, trading, and governance services for institutional clients.
In April, BlackRock selected the bank to custody Bitcoin and Ethereum for its industry-leading spot ETFs. Co-founder and CEO Nathan McCauley emphasized that the bank’s federal charter marked an unprecedented step for the crypto industry and helped establish trust, safety, and regulatory standards for digital asset banking.
The decision comes as other crypto firms, including Paxos, Circle, and Ripple, pursue national bank charters to operate under federal supervision.
The OCC clarified in May that national banks can hold, manage, and trade any crypto assets in custody, signaling broader acceptance of digital assets within regulated financial institutions.
Anchorage’s consent order termination highlights the evolving regulatory landscape in the US, reflecting increased clarity and support for federally chartered crypto banking.
Industry observers say the move sets a benchmark for future applications and positions the firm as a leading custodian for institutional digital asset services.
