The Office of the Comptroller of the Currency (OCC) has granted U.S. national banks the authority to buy, sell, and manage crypto assets for their customers, as outlined in new guidance. Banks can now also outsource crypto custody and execution services to third parties. This marks a significant shift from previous restrictions, aligning with a broader regulatory realignment across U.S. financial regulators. In recent weeks, both the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve have introduced similar policies, allowing banks to engage in crypto activities without prior approval as long as risks are managed appropriately. This change follows a period of stricter oversight that had hampered institutional crypto adoption, representing a notable change in approach towards digital assets under the current administration.

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