In this video, I discuss more indications that the U.S. now plans to regulate and tax Bitcoin, rather than ban it.
Brian Brooke is the acting Comptroller of the Currency and former Chief Legal Officer at the cryptocurrency exchange Coinbase. Yesterday, the OCC under Brian Brooke gave the green light to U.S. banks, allowing them to provide custody and storage for cryptocurrencies and thus otherwise do business with cryptocurrency businesses. This will also allow banks to store cryptocurrencies like Bitcoin for their customers.
This is very bullish for Bitcoin and should lead to increasing inflows in the coming weeks and months. As Bitcoiners take over the existing regulatory and political institutions, we can expect more and more crypto-friendly laws and regulations.
Not investment advice! Consult a financial adviser.
OCC will allow U.S. banks to custody cryptocurrencies like Bitcoin:
Office of the Comptroller of the Currency:
OCC currently run by crypto-friendly regulator:
JP Morgan is already working closely with Coinbase and Gemini:
Dan Romero tweet re banks,OCC, and crypto exchanges:
Matthew Kratter is the author of the Amazon best-seller “A Beginner’s Guide to the Stock Market”:
Use this secret coupon code to get a discount: YT99
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advisers, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.