U.S. Banks Can Hold Bitcoin, Ethereum for Blockchain Network Fees

The Office of the Comptroller of the Currency (OCC) has granted U.S banks permission to hold cryptocurrencies like Bitcoin, Ethereum, Solana and XRP for network fee payments and blockchain operations. This new guidance clarifies regulatory practices surrounding blockchain integration in financial institutions. The OCC’s Interpretive Letter 1186 outlines how banks can utilize these assets within their daily functions. The move represents a significant shift towards increased clarity for institutions seeking to expand their blockchain services.