{"id":16781,"date":"2025-03-07T23:01:43","date_gmt":"2025-03-07T23:01:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16781"},"modified":"2025-03-07T23:01:43","modified_gmt":"2025-03-07T23:01:43","slug":"occ-says-banks-can-engage-in-crypto-custody-and-certain-stablecoin-activities","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16781","title":{"rendered":"OCC Says Banks Can Engage in Crypto Custody and Certain Stablecoin Activities"},"content":{"rendered":"<div>\n<p>Federally regulated banks can engage in a range of cryptocurrency activities without prior approval, <a href=\"https:\/\/www.occ.gov\/news-issuances\/news-releases\/2025\/nr-occ-2025-16.html\" target=\"_blank\">The Office of the Comptroller of the Currency (OCC) <\/a>said, in a new interpretive letter and statement. <\/p>\n<p><a href=\"https:\/\/www.occ.gov\/topics\/charters-and-licensing\/interpretations-and-actions\/2025\/int1183.pdf\" target=\"_blank\">In a new interpretive letter<\/a>, the OCC clarified that national banks and federal savings associations can legally provide crypto custody, conduct certain stablecoin-related activities, and run nodes. <\/p>\n<p>\u201cThe OCC expects banks to have the same strong risk management controls in place to support novel bank activities as they do for traditional ones,\u201d said Acting Comptroller of the Currency Rodney E. Hood. <\/p>\n<p>\u201cToday\u2019s action will reduce the burden on banks to engage in crypto-related activities and ensure that these bank activities are treated consistently by the OCC, regardless of the underlying technology.&#8221;<\/p>\n<p>As part of this new interpretive letter, the OCC <a href=\"https:\/\/www.coindesk.com\/policy\/2023\/02\/23\/us-banking-regulators-warn-banks-about-crypto-liquidity-risks\" target=\"_blank\">withdrew a statement it made in 2023<\/a> on liquidity risks for banks from crypto, suggesting a rollback of prior concerns about the industry&#8217;s impact on financial stability.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Federally regulated banks can engage in a range of cryptocurrency activities without prior approval, The Office of the Comptroller of the Currency (OCC) said, in a new interpretive letter and statement. In a new interpretive letter, the OCC clarified that national banks and federal savings associations can legally provide crypto custody, conduct certain stablecoin-related activities, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16781","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16781"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16781\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}