The OCC now allows US banks to engage in crypto without prior approval.
The Trump administration is pushing pro-crypto policies, reshaping financial regulations.
The U.S. Office of the Comptroller of the Currency (OCC) has recorded a strategic move in recent times in decision making. Banks can now engage in certain crypto activities—without waiting for a green light from regulators. This marks a significant policy shift, reversing earlier rules set under the Biden administration.
Rodney Hood, acting comptroller, made it clear: banks must still manage risks, but regulatory approval won’t be a barrier anymore.
“Today’s action will reduce the burden on banks and ensure consistent treatment of crypto activities, regardless of the technology,” Hood said in the company’s official release.
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