#GT #DOGE #PEPE

The Office of the Comptroller of the Currency of the United States (OCC) announced that national banks can engage in cryptocurrency trading on behalf of their customers. The letter published by the OCC today clearly stated that banks have the authority to carry out these transactions. This new announcement comes after the OCC's earlier stance, adopted in 2021, which required banks to obtain prior official approval for crypto-related activities, was officially revoked in March 2025. With this latest letter, the OCC has reaffirmed its position from 2020 that banks can offer cryptocurrency custody services. The OCC also emphasized that while banks can delegate cryptocurrency custody and transaction execution services to third-party providers, effective risk management processes must be implemented for such activities. These developments highlight the general easing of regulations towards the crypto sector under the crypto-friendly administration of President Donald Trump. Last month, the Federal Reserve (Fed) withdrew its 2022 directive requiring banks to give prior notice for cryptocurrency and stablecoin transactions.