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OCC Loosens Crypto Banking Rules Following Trump’s Pledge to End Crackdown💪💪💪💪🦾🦾🦾🦾
The U.S. Office of the Comptroller of the Currency (OCC) has relaxed its restrictions on banks engaging with crypto, just hours after former President Donald Trump pledged to end regulatory barriers hindering the industry.
In a March 7 statement, the OCC clarified that national banks and federal savings associations can now engage in crypto custody, stablecoin-related activities, and participate in distributed ledger networks.
This marks a significant shift in regulatory oversight, reversing some of the previous hurdles that had limited banks’ involvement with digital assets.