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

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At the time, acting comptroller of the currency Rodney Hood said the OCC aimed to streamline oversight while maintaining high safety standards.

If a bank acts in a fiduciary capacity, it must follow federal fiduciary rules under parts 9 or 150, depending on the charter. All crypto-related activity must be conducted in a safe, sound, and lawful manner. This applies to both direct and third-party services.