🏦 U.S. Regulators Clarify Crypto Custody Rules for Banks

The Federal Reserve, FDIC, and OCC have issued a joint statement clarifying how U.S. banks can offer crypto custody services.

🔹 No new rules were introduced — instead, the statement reiterates existing regulations and emphasizes strict risk management requirements.
🔹 Banks can hold crypto assets like $BTC and $ETH on behalf of customers, but must demonstrate full control over the private keys.
🔹 Use of third-party custodians is allowed, though the bank remains fully liable for asset safekeeping.
🔹 Bank staff must have adequate knowledge of crypto to operate safely and legally.

This move reflects the U.S.'s ongoing shift toward integrating traditional banking and crypto infrastructure — under clear, cautious oversight. 🛡️