US banking regulator greenlights crypto services for national banks
By: cryptosheadlines|2025/05/14 03:30:06
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The Office of the Comptroller of the Currency (OCC) has issued new guidance permitting national banks and federal savings associations to engage in cryptocurrency-related activities without prior regulatory approval.Aligned with recent actions by the Federal Reserve, this policy change paves the way for national banks to provide crypto custody, facilitate trades at the direction of customers, and outsource digital asset services, all while adhering to established third-party risk management guidelines.OCC clears path for banks to enter crypto with key lettersThe OCC supported the policy shift with two vital letters – Interpretive Letter 1183, dated March 7, and Interpretive Letter 1184, dated May 7. These letters effectively rendered the critical “non-objection” practice from the 2021 agreement obsolete. They also led to the OCC’s withdrawal from two interagency warnings about crypto-related risks in 2023.Letter 1184 expands on what activities national banks are permitted to pursue. It allows them to trade cryptocurrencies on customers’ behalf, buy and sell coins, and partner with sub-custodians to store digital assets, as long as they have robust risk management practices.The OCC said the updates reflect the continuing evolution of the financial system. Acting Comptroller Rodney E. Hood emphasized that institutions that wish to conduct new activities in a bank should be in close, direct communication with the agency to ensure those activities stay safe and sound. He also said that the OCC wants banks to have adequate risk management in place for new services and those they have offered for some time.That paves the way for traditional banks to lure customers away from services that were until recently the preserve of fintech companies and crypto-native platforms.Federal Reserve aligns with OCC’s stanceThese policy updates align with the Federal Reserve’s April 24 decision to retract its pre-approval guidance for crypto activities, which had applied to state member banks.The emergence of this new alliance between the OCC and the Fed shows that there is a coordinated effort by the federal regulators to bring banking services that bring cryptos into the mainstream.The OCC said the U.S. banking system is now considered “well-positioned” to facilitate digital asset activity as long as operations are safe, sound, and fair.But Sen. Cynthia Lummis, a well-known crypto backer, has vowed to continue supporting crypto until no obstacle is left. She and others advocate that more supportive language be used to allow innovation to proceed.Banks embrace entry into crypto marketWith the path now clear, national banks are preparing to launch crypto offerings, including custody services for digital assets and settlements through stablecoins and tokenized asset management.The decision mirrors broader market changes and increasing customer demand for digital assets. An April 2025 Harris Poll showed that an estimated 55 million Americans—roughly 1 in 5—are partial owners of some form of cryptocurrency.The migration to digital in financial services is no fad, Hood said, but a major sector evolution. He said the OCC regards digital finance as integral to the future of banking rather than a trend or fad.The world’s Crypto market cap is now approximately $3.33 trillion. That shows the financial stakes for banks that stand to gain custody fees, transaction revenues, and long-term customer loyalty in a fast-growing industry.Big banks are already in a position to take advantage of this opportunity. Some of them, such as JPMorgan Chase, BNY Mellon, and Citigroup, have indicated they are building new crypto service teams or enlarging their digital asset infrastructure.However, while the doors of regulation open, there are challenges in implementing the ideal. Banks still need to construct the technology, train their staff, and construct risk compliance models commensurate with the particular risks of crypto, such as cybersecurity, asset volatility, custodial integrity, etc.KEY Difference Wire helps crypto brands break through and dominate headlines fastSource link
You may also like

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?
This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know
The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.

Cursor, why did you get on Musk's spaceship?
SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin
Overview of Important Market Events on June 16

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?
The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record
Overview of Important Market Events on June 15

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?
SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.

How to exit after asset tokenization?
Currently, three models have emerged, aimed at providing instant exit routes for tokenized real-world assets. Their differences lie in: who holds the funds required for exit, how efficiently the funds operate, and the extent to which this model can be scaled across different asset types.

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?
How does the GENIUS Act reshape the stablecoin landscape?

A16Z: The sun bears witness, SpaceX is worth 7.5 trillion
A deep analysis of Musk's ultimate grand vision: how SpaceX, xAI, and Tesla are deeply intertwined, using space AI data centers and Starships to gradually turn the sci-fi fantasies of Mars colonization and multi-planetary civilization into reality.

Mergers and acquisitions in the cryptocurrency market are exceptionally active
Behind the rise in mergers and acquisitions is a sluggish financing market, declining project valuations, and increased pressure for startup teams to exit. However, it also indicates that the cryptocurrency industry has not lost its capital vitality, but is completing resource reorganization in anot...

Concerns Behind the Binance Customer Service Controversy
As the user base expands to the scale of Binance today, relying on the personal efforts of the founder and a few employees to fill process gaps has become an unsustainable arrangement.

SpaceX Stock Prediction After the IPO: Can SPCX Reach $200 Before QQQ Inclusion?
SpaceX stock has become one of the hottest trades of 2026. Can SPCX reach $200 before QQQ inclusion? Discover the latest SpaceX stock prediction, analyst targets, Bitcoin exposure, and the key catalysts that could move SpaceX stock after its historic IPO.

Congratulations to Carl Moon on His Historic Ferrari Challenge Le Mans Podium Triumph
Crypto influencer and racing enthusiast Carl Moon finished third in the Ferrari Challenge Le Mans Coppa Shell class, marking his best result of the year. As his racing partner and sponsor, WEEX celebrates this remarkable achievement and continues to lead crypto’s journey beyond boundaries, uniting the innovation of digital assets with the passion of motorsport.

Can the CLARITY Act Become Law by July 4? Everything You Need to Know About the Final Battle
The CLARITY Act has cleared a major Senate hurdle, but the hardest battle is still ahead. With the July 4 deadline approaching, can the White House finally pass its biggest crypto regulation bill? Find the clues in our exclusive analysis below.

France vs Senegal World Cup 2026: Mbappe’s New Era Begins Against a Historic Rival
France vs Senegal World Cup 2026 preview: Can Mbappe lead France past Senegal after the shocking 2002 World Cup defeat? Full team news, predicted lineups, key battles, and WEEX's exclusive match prediction.

What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...
Overview of Important Market Events on June 15
In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?
This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.
Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know
The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.
Cursor, why did you get on Musk's spaceship?
SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...
Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin
Overview of Important Market Events on June 16
SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?
The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?
Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record
Overview of Important Market Events on June 15
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com



