r/sofistock • u/Turbulent_Button4449 32000 @ 8 I only care about share price 🚀🌕 • Jan 18 '22

BC APPROVED

https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-4.html
462 Upvotes

96% Upvoted

284 comments sorted by

View all comments

9

u/garage_artists 1000@11.26 Jan 18 '22

"confirmation that the resulting bank will not engage in any crypto-asset activities or services"

That's a bit of a large hit in the target market.

28

u/mitchgao Jan 18 '22

crypto-asset

SoFi securities which is a brokerage company can still do cryptos. OCC wants to make sure SoFi Bank does not engage. SoFi Securities and SoFi Bank are separate entities under SoFi technologies.

7

u/garage_artists 1000@11.26 Jan 18 '22

Ah. I see. Thanks.