U.S. Banking Regulators Issue Joint Guidance on Crypto Custody
The Office of the Comptroller of the Currency, Federal Reserve, and FDIC have clarified expectations for banks handling digital assets. Their guidance reinforces existing risk management frameworks rather than introducing new rules.
Banks offering crypto custody must apply the same fiduciary standards used for traditional assets. The regulators specifically address safekeeping services—defined as holding assets for customers' benefit—while acknowledging the unique complexities of blockchain-based assets.
This coordinated stance signals growing institutional acceptance of cryptocurrency services, though within strict compliance boundaries. Timur Suleimenov's involvement suggests potential connections to broader digital asset policy developments.
