US Banking Regulator Approves Specific Crypto Services for Banks

The Office of the Comptroller of Currency (OCC) has granted a green light to banks for certain crypto-related services. Acting Comptroller Rodney Hood stated that banks can offer these specific activities, subject to proper risk management practices. The OCC acknowledges digital assets’ integral role in financial services and emphasizes that U.S. banks are well-positioned to serve crypto firms within existing regulatory frameworks.