OCC's clarification provides U.S. banks with a definitive legal framework, granting them the ability to safely and lawfully integrate cryptocurrency services into their existing offerings

Quotes that support claims

The OCC’s updated position affirms crypto services as permissible under existing authorities and signals continued regulatory normalization of digital asset services within the US banking sector.

Overall, the OCC’s announcement gives banks a clear legal basis to offer digital asset services within a regulated framework.