OCC REAFFIRMS BANKS' AUTHORITY TO CUSTODY CRYPTO ASSETS

Summary from the TLDR Crypto newsletter

The U.S. Office of the Comptroller of the Currency (OCC) reaffirmed that federally chartered banks are permitted to offer crypto custody services, provided they meet regulatory expectations. In a letter to Senator Elizabeth Warren, the OCC emphasized that crypto custody remains legally permissible under prior guidance, subject to robust risk management and compliance protocols.