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OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation

Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in the future. He insists changing consumer needs must be prioritized over the interests of powerful banks that may be against the rise of cryptocurrencies. Speaking in an interview, the former chief legal officer at Coinbase Global, said it is a fact that “50 million Americans own digital currency and we cannot ignore that.” Brooks says part of “the reason why payments activity has moved outside…

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