The US Office of the Comptroller of the Currency (OCC) has confirmed banks under its jurisdiction can trade crypto on behalf of customers and outsource some crypto activities to third parties.
Acting comptroller Rodney Hood data-ct-non-breakable=”null” href=”https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2025/int1184.pdf” rel=”null” target=”null” text=”null” title=”null”>said in a May 7 letter that banks and federal savings associations data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money” rel=”null” target=”null” text=”null” title=”null”>can buy and sell crypto they hold in custody at customers’ direction.
The OCC data-ct-non-breakable=”null” href=”https://www.occ.gov/news-issuances/news-releases/2025/nr-occ-2025-42.html” rel=”null” target=”null” text=”null” title=”null”>added in a press release that financial institutions can also outsource bank-permissible data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/various-forms-of-bitcoin-custody-explained” rel=”null” target=”null” text=”null” title=”null”>crypto activities, including custody and execution services, to third parties in compliance with…
