US Bancorp Returns to Bitcoin Custody Services After Three-Year Pause

US Bancorp has resumed offering Bitcoin custody services to institutional clients, reversing a three-year hiatus prompted by regulatory hurdles. The move comes after the Trump administration repealed SEC guidance that previously made cryptocurrency storage prohibitively expensive for traditional financial institutions. This revival aligns with the surging popularity of Bitcoin exchange-traded funds (ETFs) like BlackRock’s Bitcoin fund, which has amassed over $80 billion in market capitalization.