OCC Clarifies Banks Can Use Crypto for Blockchain Fees

The U.S. banking regulatory landscape is getting clearer as the Office of the Comptroller of Currency (OCC) provides guidance on how banks can manage cryptocurrency for operational purposes. In a recent interpretive letter, the OCC confirmed that national banks can utilize cryptocurrencies to cover blockchain network fees, commonly known as gas fees, for authorized activities. This clarifies existing regulations and removes unnecessary hurdles for banks operating within the digital asset space.