| On FOIA of
Circle Application OCC Said
Press Must Give All Email
Addresses Now Appealed
by
Matthew Russell Lee, Patreon Book
Substack
SOUTH BRONX/SDNY,
July 25 – With the US Congress
passing the cryptocurrency
GENIUS Act, Ripple Labs as
well as Circle and others,
have applied for banking
charters to the Office of the
Comptroller of the
Currency.
Inner City Press asked the IMF
about the GENIUS Act on July
24, here.
Later on July 24,
the OCC responded to its FOIA
request for communications
related to Circle's proposal
by stating "[p]lease provide
the email addresses of
Circle's counsel as well as
the specific OCC personnel
whose correspondence you would
like for us to search.
This is a travesty: it
is the OCC which knows the
identity and address of
applicant Circle's counsel,
and of the OCC personnel.
Inner City Press has appealed:
"This is an
appeal of the absurd FOIA
constructive denials by the
OCC's Pauline Byrd of Inner
City Press' requests for the
applications by Circle,
Ripple/XRP and BitGo. Ms. Byrd
demanded that Inner City Press
provide the OCC with the names
and email addresses of the
lawyers of the applicant(s)
and even of the OCC staff who
dealt with them - when that
information is in the
possession of the OCC.
On this
appeal, consider: Kevin Murphy
Associate General Counsel
Circle Internet Financial, LLC
1 Lincoln Street, Suite 31-113
Boston, MA 02111 & Josh
Boehm & Dana Syracuse Paul
Hastings LLP 200 Park Avenue
New York, NY 10166
The responsive
record are not limited to
those - we are providing that
in order to get the records we
timely
requested.
Given the fast expiring
comment period, this is an
appeal of the constructive
denial of expedited
processing. By Ms. Byrd's
logic, the public can
never get records during the
comment period. That is
absurd. We are appealing
On July 18,
Fair Finance Watch filed
timely opposition to Ripple's
application:
On behalf of Fair
Finance Watch, this is a
timely comment in opposition
to the application to charter
the proposed Ripple National
Trust Bank.... as to Ripple
under the statutory factors
that must be considered
including managerial
resources, consider: "Ripple’s
CEO distances firm from
federal investigations into
Linqto’s shares scandal," and
"Is Ripple at
Risk?" In terms of
lack of transparency, consider
for the record: "Is Ripple
Selling XRP Behind the Scenes?
On-Chain Clues Emerge."
FFW
will have more to say when it
receives responses to its and
Inner City Press' FOIA
requests (see below). On the
current record, the
application(s) could not
legitimately be approved.
***
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