The attitude of U.S. financial regulators is undergoing a significant change. Recently, the Office of the Comptroller of the Currency (OCC) announced the withdrawal of its consent order for rectification against the cryptocurrency accomplice Anchorage Digital, a decision that marks a major shift in the regulatory environment.

The rectification requirement was initially issued in 2022, mainly targeting Anchorage Digital's shortcomings in anti-money laundering (AML) and customer due diligence (KYC). However, OCC now believes that Anchorage Digital has significantly improved its compliance status and operational robustness, and there is no longer a need to continue enforcing this rectification requirement.

This move reflects the overall shift in the attitude of U.S. regulators towards the encryption industry. It is worth noting that the Federal Reserve has withdrawn its previous guidelines restricting banks from participating in encryption activities. At the same time, the Federal Reserve and OCC jointly issued a statement clarifying how existing rules apply to banks holding customers' encryption assets, providing clearer guidance for financial institutions to participate in encryption activities.

These changes indicate that U.S. regulators are striving to find a balance between encouraging innovation and ensuring financial safety. As cryptocurrency and blockchain technology continue to evolve, adjustments to the regulatory framework will have a profound impact on the future development of the entire industry.

However, industry insiders remind that despite the increasingly friendly regulatory environment, cryptocurrency companies must remain vigilant and continuously improve their compliance systems to adapt to the ever-evolving regulatory requirements. In the future, we may see more similar regulatory adjustments, which will further promote the standardization and mainstreaming process of the cryptocurrency industry.