🔥 OCC Allows Banks to Participate in Crypto Activities
On March 7, 2025, the Office of the Comptroller of the Currency (OCC) revoked Guidance Letter 1179, while reaffirming that banks can legally engage in crypto-related activities, including: custody of digital assets, holding stablecoin reserves, and operating blockchain nodes for processing payments.
The OCC is committed to closely monitoring to ensure these activities are conducted safely, transparently, and in compliance with legal regulations.