OCC eases restrictions on banks engaging with crypto after Trump ends Operation Chokepoint 2.0

From Cointelegraph
March 7, 2025 7:28:07 PM:

The US OCC has eased restrictions on banks engaging with crypto after Trump vowed to end Operation Chokepoint 2.0, allowing banks to custody crypto assets and participate in stablecoin activities. This move will reduce the burden on banks and encourage responsible innovation in the industry. Some believe the operation isn’t truly over until other agencies rescind their anti-crypto guidance. Operation Chokepoint 2.0 impacted the industry globally, forcing many firms to turn to stablecoins for financing after losing business accounts. Senator Lummis raised concerns about the FDIC allegedly destroying documents related to the operation, threatening criminal referrals if obstruction is found.

Read more at CoinTelegraph: OCC lays out crypto banking after Trump vows to end Operation Chokepoint 2.0