• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: OCC Eases Crypto Regulations, Allowing Banks to Engage Without Prior Approval
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > OCC Eases Crypto Regulations, Allowing Banks to Engage Without Prior Approval
Crypto News

OCC Eases Crypto Regulations, Allowing Banks to Engage Without Prior Approval

vitalclick
Last updated: March 8, 2025 3:58 am
1 hour ago
Share
SHARE

US Election Impact on Crypto Regulations: Will a ‘Trump Win’ Open Doors for New ETFs?

The U.S. regulator overseeing national banks provided clarification on Friday that federally regulated banks can now engage in various cryptocurrency activities without needing prior approval. 

In its new interpretive letter, the OCC clarified that national banks and federal savings associations are allowed to offer crypto custody services, handle certain stablecoin activities, and operate nodes.

“The OCC expects banks to have the same strong risk management controls in place to support novel bank activities as they do for traditional ones,” said Acting Comptroller of the Currency Rodney E. Hood.

It remarked that this decision will ease the pressure on banks involved in crypto activities and ensures that these activities are treated consistently by the OCC, regardless of the technology used.

On Friday, the OCC withdrew guidance issued during President Joe Biden’s administration, which had imposed extra requirements on banks wanting to engage in certain crypto activities. The previous letters told banks to brief their supervisors on crypto activities beforehand, explain how they would manage risks, and get approval before proceeding with crypto activities.

The OCC also removed joint statements from U.S. regulators that had warned banks against engaging with crypto. A 2023 statement didn’t ban crypto business but cautioned that the sector is highly volatile and that any crypto-related activities by banks would face close scrutiny.

The announcement came on the same day the White House held a crypto summit, just hours after President Donald Trump signed an executive order creating a strategic reserve for bitcoin and other cryptocurrencies.

Share this crypto insight with your network!

You Might Also Like

XLM Price Prediction for January 4

Metalpha Deposits $77.55 Million Worth of Ethereum to Binance

Will It Skyrocket to $118K or Face a Major Drop?

Pakistan Moves Toward Crypto Regulation with New Advisory Council

What’s Coming in Cryptocurrencies to Continue the Rise? QCP Capital Analysis

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article 23 billion dollars of contradiction in Bitcoin mining! As the income increases, the market value decreases!
Next Article Suggestion that will shake Solana! 1 voting, 2 scenarios
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?