Anchorage Digital has successfully exited from a compliance order imposed by the U.S. Office of the Comptroller of the Currency (OCC) concerning anti-money laundering regulations. The OCC stated that the firm had addressed the compliance issues that led to the enforcement order, initially set in 2022.

Key Points:

• Anchorage Digital’s enforcement order has been officially lifted after meeting OCC’s demands.
• CEO Nathan McCauley referred to his bank as “the world’s most regulated digital asset bank.”

The OCC emphasized that the continuation of the enforcement order was unnecessary due to the bank’s compliance with relevant laws. McCauley has been vocal in advocating for the crypto industry, suggesting this enforcement was merely a form of regulatory feedback. The agency’s decision comes amid a broader effort by U.S. regulators to ease restrictions on the crypto sector, particularly under the new leadership of OCC’s chief Jonathan Gould.

Anchorage Digital made history as the first crypto bank to acquire a national banking charter, although scrutiny has intensified under the current administration’s regulatory stance. Other digital asset firms are now looking to pursue similar charter applications once more.