US financial technology regulation has undergone some changes as of December 2016. For example, the OCC—Office of the Comptroller has announced that it will consider to allow fin tech applications to become “special purpose national banks”. In addition, the US Federal Reserve also released its information regarding regulation for distributed ledger technology. Until now most regulation has been nonexistent in regard to financial regulation technology. Also talked about is the Financial Services Innovation Act which was discussed this past fall. This would create an environment in which fin tech firms can test products/services absent of the regulatory consequences that would originally take place. This would also help to ease the sharing of data of these results and help to improve the level of innovation in the fintech industry.