US Bank Returns to Cryptocurrency Custody Services, Signaling Industry Shift

US Bancorp is leading a resurgence in the financial industry’s interest in cryptocurrencies. The nation’s fifth-largest bank has reinstated its institutional cryptocurrency custody services, marking a significant shift after previously hesitant stances during the Biden administration. This move comes as part of a broader trend within the banking sector where institutions are increasingly embracing crypto opportunities for potential profits and navigating evolving regulations.