OCC

Last week @USOCC published the first Super Intelligence Supervisory Framework for bank examiners, which represents an important milestone for our agency and the industry as financial technology continues to accelerate. The OCC’s Chief Technology & Information Officer Megan Crespi and I met with dozens of bankers in Pittsburgh, one of the nation’s leaders in SI development and technological advancement, to discuss the new framework and how we can help them better serve their customers and run their businesses by innovating responsibly.

It was great spending time with students and faculty at @FGCU’s Lutgert College of Business this week. I appreciated the opportunity to join Dr. Victor Claar for a fireside chat about the future of banking, financial innovation, and the opportunities ahead for the next generation of leaders. Thank you for the warm welcome.

The OCC was created as a bureau of @USTreasury in 1863 to guide the creation of a national currency and banking system. Implementing the GENIUS Act and overseeing stablecoin issuers is a reminder of our roots and our role enabling financial innovation. The final rule @USOCC released last week puts a federal framework in place allowing stablecoins to achieve their potential while furthering dollar dominance. The Trump Administration continues to advance American leadership in digital assets, and we are proud to support.

At the @USOCC, we have worked diligently and expeditiously to deliver the GENIUS Act final rule ahead of schedule to support President Trump's vision and @SecScottBessent's leadership to grow the economy and lead the global digital currency revolution. Today marks the birth of a new industry having a federal framework for payment stablecoins in the digital age. It also brings us back to our original mission when the OCC was charged with the responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency.

Under the leadership of @POTUS, @VP and @SecScottBessent, the Trump Administration is committed to stopping those who seek to exploit the U.S. financial system or prey on hardworking American families and taxpayers. Our community bankers are on the frontlines of this effort combatting fraud, and we were pleased to hear directly from them yesterday at a roundtable in Minneapolis.

Financial literacy fuels the American Dream and helps unlock financial freedom. The new National Strategy for Financial Literacy puts a clear focus on helping Americans save, invest, navigate digital finance, and protect themselves against scams and fraud. At @USOCC, we are proud to be a part of this effort to equip Americans with the knowledge to take control of their financial futures and participate in the world’s greatest economy.

Without the American military, there would be no national banking system to keep safe, sound, and prosperous. The men and women who serve our country, and the families who stand behind them, deserve access to financial institutions that understand their unique circumstances. It was an honor to address this year’s Military Banking Summit and discuss @USOCC’s actions to reduce regulatory burden and tailor supervision for community banks, including military banks. We are proud that veterans and active-duty servicemen account for around 10% of our workforce here at the OCC, and we are grateful to all who serve or have served the United States, safeguarding our freedoms and way of life.

Very productive visit to Oklahoma City last week. I joined Community Bankers of Oklahoma (@CBAOK) for a fireside chat focused on @USOCC’s priorities, including recalibrating risk, strengthening bank supervision, and embracing responsible innovation. I also had the opportunity to meet with our local colleagues and hear about their hard work to ensure the federal banking system remains safe, sound, and supportive of economic growth.

The Texas economy is growing rapidly thanks in large part to the Lone Star State's smart, business-friendly regulatory environment. I appreciated the opportunity to tour the new state-of-the-art @NYSE Texas and discuss ways in which @USOCC can continue to support growth, dynamism, and innovation in capital markets.

Hearing directly from the community bankers driving the American economy is one of the most rewarding parts of my role. Last week in Dallas, I met with more than a dozen community bankers convened by the Independent Bankers Association of Texas. @USOCC is not only committed to reducing unnecessary regulatory burden but also ensuring that our regulatory and supervisory frameworks are properly calibrated and focused on the risks that truly matter, particularly those that could materially affect a bank’s financial condition.

President Trump and @SecScottBessent are working tirelessly to ensure America remains the world's leader in financial innovation. In Wyoming, I shared how the market is taking notice: Digital asset chartering activity at @USOCC has seen an 8x increase compared to the four years of the Biden Administration, which squelched the industry through burdensome and shortsighted regulation. The GENIUS Act represents a historic course correction, made possible through the leadership of @POTUS, that will transform the future of finance. We are proud to support its implementation and expect to have our final rule out by November.

For too long, regulators stifled the formation of new banks, reduced competition, and weakened the resilience of the banking system. @USOCC supports @FDICGov’s new process to review deposit insurance applications. Collectively, our agencies are making efforts to reverse the decline in de novo chartering in order to drive financial services innovation, expand consumer choice, and support long-term growth in the American economy.

Under @POTUS's leadership, community banks are making a comeback. These institutions are the backbone of the American economy, helping small businesses grow, supporting families, and serving as the first line of defense against illicit finance. Last week in Arizona, I joined @SecScottBessent and @AZBankers to discuss how community banks advance economic growth and strengthen our economic security at the border and across the country. @USOCC is working with @USTreasury and our agency partners to implement the President's Executive Order, “Restoring Integrity to America’s Financial System,” by issuing guidance that reinforces that banks should appropriately consider the risks associated with lending to criminal illegal aliens. Under the Trump Administration, the integrity and security of the financial system Americans rely on will always come first. We will continue fighting fraud, preventing abuse, and cutting burdensome regulation so community banks can better serve customers, finance small businesses, and deploy capital in local communities.

.@TrumpAccounts is a transformational opportunity for our future generations to have a stake in the greatest economy on earth. All children under 18 are eligible to be signed up, and children born under @POTUS’ second term are eligible for a $1,000 seed contribution from @USTreasury.

Last week, I had the opportunity to meet with @USOCC’s supervision team and community bankers in Roanoke, VA. It’s important to me to observe firsthand the successes and challenges local community banks face and to consider appropriate supervisory and regulatory adjustments so the OCC fulfills its mission and statutory requirements. Under @POTUS’ leadership and consistent with @SecScottBessent’s coordination across the federal banking agencies to right-size regulations, community banks are making a comeback.

As @SecScottBessent has said, "For Americans to believe in capitalism, they need the opportunity to participate in it." Under the leadership of @POTUS, this Administration is minting the next generation of capitalists through @TrumpAccounts and other innovative solutions that advance financial literacy in an increasingly digital era.   @USOCC is proud to support financial education through a safe, sound, and fair banking system. It was my honor to discuss the resources we and our supervised banks can provide for the American people at yesterday’s Financial Literacy and Education Commission meeting at @USTreasury.

Today, I enjoyed meeting with our @USOCC team in Roanoke, VA to hear from them as we continue to refocus our supervision on what matters most — material financial risk. I also met with local community banking leaders to discuss how we are continuing to help their institutions and Main Street thrive by reducing decades of undue regulatory burden.