The Office of the Comptroller of the Currency (OCC) has reaffirmed that activities related to crypto are fully permitted within the U.S. federal banking system.
The OCC has eliminated the requirement for organizations supervised by the OCC to obtain supervisory approval and demonstrate that they have appropriate controls in place before engaging in crypto-related activities.
This means that any federal bank can offer crypto products as long as they have a valid business license without needing approval from the OCC.