The Office of the Comptroller of the Currency, aligning with the Trump administration’s pro-crypto stance, has eased compliance for banks engaging in crypto by dropping pre-approval requirement and affirming that banks are allowed to engage in activities related to digital asset

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The OCC also recently set out to clarify that crypto activities are allowed in the federal banking system, representing a major reversal of its previous position.
The OCC has been making moves to ease the compliance path for banks engaging in crypto business. It recently erased earlier guidance that had called for banks to get pre-approval in writing from the agency if they wanted to handle digital assets business lines.