coinpedia 2025-05-07 21:45:21

OCC Approves Banks to Handle Crypto Assets: Key Takeaways and Market Impact

The post OCC Approves Banks to Handle Crypto Assets: Key Takeaways and Market Impact appeared first on Coinpedia Fintech News The U.S. OCC has aligned with other agencies to issue clear crypto regulations under the Donald Trump administration. U.S. banks can now work with DeFi protocols to ensure a secure mainstream adoption of digital assets. The United States Office of the Comptroller of the Currency (OCC) announced on Wednesday, May 7, that national banks and federal savings associations can participate in crypto asset custody and trading services. According to the published Interpretive Letter 1184, banks may buy and sell crypto assets held in custody at the customer’s direction. Additionally, the OCC clarified that national banks and federal savings associations are permitted to outsource to third parties bank-permissible crypto-asset activities. “As with any activity, a bank must conduct crypto-asset custody activities, including via a sub-custodian, in a safe and sound manner and in compliance with applicable law,” the OCC noted . Key Takeaways from OCC Announcement and Crypto Market Impact The approval by the OCC for banks to handle crypto assets is a clear indication of the rising demand for cryptocurrencies by institutional investors. The notable surge in real-world assets tokenization has attracted notable attention from lawmakers seeking to ensure crypto market clarity and investor protection. With Wall Street banks permitted to handle crypto assets by the OCC, the cash inflow to crypto investment products will experience a sharp uptick in the near term. Moreover, the U.S. banking industry has experienced significant headwinds, including high unrealized losses on their investment securities. The adoption of blockchain technology by traditional finance was in retrospect inevitable as a means to ensure sustainable future growth prospects.

La maggior parte ha letto le notizie

US cuts China tariffs to 30% as China cuts it...
2025-05-12
US Senate Democrats Introduce Bill to Curb Of...
2025-05-12
After Reaching $20M, This Project’s Final Rou...
2025-05-12
US and China Slash Tariffs, Boosting Global T...
2025-05-12
Binance's CZ Issues Major Ledger Warning. Is...
2025-05-12
Peanut the Squirrel Price Prediction 2025, 20...
2025-05-12
Metaplanet Acquires 1,241 Bitcoin, Holdings R...
2025-05-12
VeChain price prediction 2025-2031: What’s th...
2025-05-12

Notizie correlate

CZ Shares Security Warning After Ledger Discord Ha...
12 May 2025
Bitcoin Price Jumps Above $105K as U.S.-China Trad...
12 May 2025
Bybit and Ghaf Labs Announce Strategic Partnership...
12 May 2025
Binance Futures Announces Listing of a New Altcoin...
12 May 2025
Conor McGregor calls Bitcoin ‘immutable people’s m...
12 May 2025
Ethereum’s Surge: Vitalik’s Pectra Upgrade Paves t...
12 May 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta