OCC allows US banks to use public blockchains as a settlement infrastructure

See also tweet chain by Jeremy Allaire https://mobile.twitter.com/jerallaire/status/134623313239625...

Paving the way for centralized digital currency and a way to easily “incentivize” people converting decentralized crypto for Fed crypto.

this allows the banks to "connect to blockchains as validator nodes".

I think this is a great idea. It is clear that people want blockchains, for better or for worse. By creating centralized, government managed blockchains, we might be able to move most legitimate traffic there. And then we could ban the decentralized ones and make cryptolockers go away.