Deep Tide TechFlow News, February 12, According to Decrypt, the American Bankers Association (ABA) has submitted a comment letter to the Office of the Comptroller of the Currency (OCC), urging to slow down the approval process for cryptocurrency company banking license applications. ABA warns that approving these applications before Congress completes the relevant regulatory framework could pose risks to the financial system. Currently, several crypto companies including Circle, Ripple, and Coinbase are applying for or already hold OCC trust bank licenses. The banking industry is concerned that this will allow crypto companies to bypass traditional banking intermediaries and directly access the Federal Reserve payment system.