OCC Broadens Crypto Banking Options🚀🚀🚀

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The Office of the Comptroller of the Currency (OCC) is creating more ways for banks to get involved with crypto, treating it more like traditional finance. They're offering clearer guidance to banks that want to offer crypto services, requiring them to manage crypto risks like they would with regular assets. "The publication that has attracted such attention in recent days actually can be traced back to a 2020 publication, titled Interpretative Letter 1170, which addressed the authority and manner in which banks can offer crypto-adjacent services to customers. In the 2020 publication the OCC also reiterated that banks seeking to offer services to crypto clients and investors would need to apply the same risk management practices to crypto as are applied to traditional assets. In March 2025 the Acting Comptroller of the Currency issued a new publication, Interpretative Letter 1183, that has provided the sought after clarity and specificity requested by the TradFi space to engage in crypto activities." The gates are finally opening up. This is great for the entire crypto industry and once clarity is added and banks are integrated into crypto ecosystem, we will then be shooting up into space. By then rate cuts are in as well and 💥 💯🚀🚀🚀 submitted by /u/letsgooo26 |