OCC Lifts Consent Order for Anchorage Digital: Bank Achieves Compliance

The U.S. Office of the Comptroller of the Currency (OCC) has lifted its consent order against Anchorage Digital, the first federally chartered crypto bank, marking a significant step forward for the industry. This action follows years of remediation and compliance efforts by the bank after initial concerns raised in April 2022 regarding its AML controls and BSA adherence. The OCC concluded that Anchorage has addressed these deficiencies and now meets federal requirements effectively.