Anchorage Digital has moved out from under its U.S. banking regulator’s order that it institute a compliance program to protect against money-laundering abuses, with the Office of the Comptroller of the Currency (OCC) announcing the removal of the cease-and-desist order originally issued in 2022.

“The OCC believes that the safety and soundness of the bank and its compliance with laws and regulations does not require the continued existence of the order,” it said in the termination announced on Thursday.

Anchorage Digital CEO Nathan McCauley, who has emerged as a high-profile representative of crypto interests in Washington, framed the enforcement action as regulatory “feedback” in celebrating its removal.

“We received — and have now resolved — feedback from regulators as we set the standard for federally chartered custody of digital assets,” he said in a Thursday missive on the company’s website, in which he called Anchorage Digital “the world’s most regulated digital asset bank.”

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Author: Jesse Hamilton