OCC confirmed that U.S. national banks and federal savings associations are authorized to buy, sell, and hold crypto assets based on customers' instructions, providing new opportunities for regulated crypto asset management

Event date

May 7, 2025

Quotes that support claims

The Office of the Comptroller of the Currency (OCC) clarified on May 7 that federally chartered banks and savings associations may offer crypto services, namely custody and execution, including through third-party providers, provided they adhere to sound risk management practices and legal compliance.

The US Office of the Comptroller of the Currency (OCC) has confirmed that banks can provide crypto custody and execution services for customers.

Tags

Week 19 of 2025