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OCC Grants Banks Authority to Engage in Cryptocurrency Activities
OCC Grants Banks Authority to Engage in Cryptocurrency Activities
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The Office of the Comptroller of the Currency (OCC) has pivoted from its cautious stance on digital assets, now permitting federally regulated banks to buy, sell, and custody cryptocurrencies. Acting Comptroller Rodney Hood framed the shift as recognition of crypto’s enduring role in finance—not as a passing trend, but as a structural transformation.
National banks and federal savings associations may now provide crypto custody services and execute trades for customers. Hood emphasized these activities must be conducted responsibly, signaling regulatory comfort with institutional crypto adoption. The move accelerates mainstream financial integration for Bitcoin and other digital assets.
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