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OCC Grants Banks Expanded Crypto Trading and Custody Rights
OCC Grants Banks Expanded Crypto Trading and Custody Rights
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The U.S. Office of the Comptroller of the Currency has pivoted decisively toward crypto integration, authorizing national banks to buy, sell, and custody digital assets on behalf of customers. Wednesday’s interpretive letters mark a regulatory watershed—permitting third-party outsourcing of crypto services while maintaining safety protocols.
This policy shift completes the OCC’s reversal from its previous cautious stance, following March’s elimination of pre-approval requirements for crypto initiatives. The move signals growing institutional acceptance of cryptocurrency as a legitimate asset class within traditional finance frameworks.
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