Paxos: The U.S. OCC has not requested the withdrawal of the bank charter application, and the application has not been rejected

ChainCatcher news, stablecoin issuer Paxos stated on Twitter: "Paxos has not been asked to withdraw its application for a national trust bank charter from the Office of the Comptroller of the Currency (OCC), nor has it been denied that charter. Paxos continues to engage in constructive cooperation with the OCC."

Earlier today, sources indicated that the Federal Reserve and OCC are conducting a large-scale de-banking operation for cryptocurrencies, and Paxos along with other blockchain companies have been informed by the OCC to withdraw their bank charter applications. (source link)