OCC regulatory context and policy shift

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OCC policy shift is designed to foster responsible and scalable crypto adoption across the traditional banking sector
OCC's Acting Comptroller Rodney Hood stated that the OCC's streamlined oversight approach aims to ensure that banks can responsibly incorporate crypto activities while having a high safety standard
OCC regulatory change follows the March 7 guidance, which marked a major policy shift by reversing the Biden administration’s earlier supervisory practices that required banks to seek "letters of non-objection" prior to offering crypto services

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