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OCC Greenlights Banks to Dive Into Crypto Custody & Trading—Wall Street Finally Catches Up
OCC Greenlights Banks to Dive Into Crypto Custody & Trading—Wall Street Finally Catches Up
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U.S. banks just got the regulatory nod to hold your Bitcoin—and charge fees for the privilege. The Office of the Comptroller of the Currency (OCC) dropped the hammer, allowing traditional banks to offer crypto custody and execution services. No more hiding behind fintech middlemen.
The fine print:
Banks must still navigate anti-money laundering (AML) landmines and prove they won’t lose your keys. But let’s be real—after the 2008 mortgage buffet, what’s another risky asset class?
The kicker:
JPMorgan’s Jamie Dimon once called Bitcoin a ’fraud.’ Now his bank—and every other too-big-to-fail player—gets to monetize it. Crypto’s institutional adoption? Unstoppable. The irony? Priceless.
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