J Kershaw

OCC-2026-0463 is a travesty. It is a sham. It is a rip off of Americans hard earned tax-payer dollars. It is a LIE, a fraud, and a criminal enterprise. The OCC needs to require that any coin company operating as one of these uninsured banks publicly name the actual human beings who own it and profit from it, its foreign investors, and who keeps the interest the reserve earns, before it qualifies under the rule, because a watchdog who cannot see who profits from the bank has no way to police the risks the rule exists to catch. This is reported as proof in the UAE stake that this concern is real. I am asking the OCC to give a harder, deeper review to any coin company whose ownership runs through elected officials, their families, senior government officials, or investors tied to foreign governments. Will the OCC please explain how the enforcement carve out for issuers with effective compliance programs, and the consultation framework routing enforcement through Bessent’s Treasury, will function as anything other than structural protection for a politically connected bank with a foreign co-owner. The OCC needs to require a written record and public numbers every single time that switch gets used. Gould’s office needs to know that an uninsured national trust bank issuing a stablecoin tied to sitting officials and nearly half owned by a foreign linked firm should face the strongest version of these controls, not the lightest. What a rip off. If this is approved, the fox is clearly guarding the hen house. Trump and his enablers will get richer and We the People will be poorer. We the People object to false and misleading information, incomplete disclosures, and this blatant circumvention of regulation.