Reported by PYMNTS

(Excerpt shared below. To read full report, go to: https://www.pymnts.com/cryptocurrency/2025/occ-lifts-consent-order-against-crypto-focused-anchorage-digital-bank/)

The Office of the Comptroller of the Currency(OCC) has terminated a 3-year-old enforcement action against Anchorage Digital Bank, the first federally chartered cryptocurrency-focused bank.

The April 21, 2022, consent order addressed the bank’s failure to adopt and implement required Bank Secrecy Act and anti-money laundering measures, the OCC said in a Thursday (Aug. 21) press release.

In a Monday (Aug. 18) order terminating the consent order, the OCC said it “believes that the safety and soundness of the Bank and its compliance with laws and regulations does not require the continued existence of the Order.”

Anchorage Digital Co-Founder and CEO Nathan McCauley said in a Tuesday blog post that the lifting of the consent order proves that “crypto and federal oversight are not mutually exclusive — and can in fact be stronger working in tandem.”