Crypto News

Interpretive Letter The Office of the Comptroller of the Currency (OCC) has recently issued an interpretive letter that has sent shockwaves through the banking and cryptocurrency industries. In the letter, the OCC states that national banks and federal savings associations no longer need to seek approval or control before engaging in cryptocurrency activities. What does this mean for banks? This is a major development for banks, as it gives them the green light to offer cryptocurrency custody services, manage cryptocurrency trading for customers, and even participate in stablecoin activities. This move is seen as a step towards mainstream adoption of cryptocurrencies, as banks are now able to offer these services to their customers without any regulatory hurdles. The impact on the crypto market The news of the OCC's interpretive letter has had a significant impact on the cryptocurrency market. As the market continues to mature, the invo...