From Cointelegraph
May 08, 2025 02:11 AM:

The US OCC confirms banks under its jurisdiction can trade crypto on behalf of customers and outsource some crypto activities to third parties. Banks can buy and sell crypto held in custody at customers’ direction and outsource permissible crypto activities. OCC eases stance on banks engaging with crypto, allowing custody, stablecoin activities, and participation in node verification networks. Over 50 million Americans hold some form of crypto. OCC regulates and supervises national banks and federal branches of foreign banks. Industry supports OCC’s shift towards integrating crypto within banking frameworks. Coinbase and StarkWare applaud OCC’s move for regulatory clarity and permission for banks to outsource crypto activities. Trump administration shows a friendlier attitude towards crypto since coming into power. Federal Reserve withdraws guidance deterring banks from engaging in crypto activities. Trump overturns IRS rule requiring DeFi protocols to report transactions to the IRS. SEC’s U-turn on crypto laws leaves key questions unanswered.

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