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Five Crypto Firms Win Conditional Approvals as National Trust Banks, Including Fidelity and BitGo

The OCC has conditionally approved five crypto firms — Ripple, Circle, Fidelity Digital Assets, BitGo, and Paxos — to become national trust banks, advancing the integration of digital assets into U.S. federal banking.

OCC Confirms Banks Can Act as Intermediaries in Crypto Transactions

The Office of the Comptroller of the Currency (OCC) clarified today that national banks may conduct crypto-related “riskless principal” transactions.

U.S. Regulator Allows Banks to Hold Crypto for Blockchain Fees

The OCC has clarified that U.S. national banks may hold crypto on their balance sheets to pay blockchain network fees and test crypto platforms.

US Regulators Allow Banks Custody Over Bitcoin And Crypto

The Federal Reserve, OCC, and FDIC warn banks that safekeeping bitcoin and other crypto-assets demands strong cybersecurity, operational expertise, and full legal compliance.
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