On June 16, 2025, Andrew Bigart, Chris Boone, and Connor Webb published “OCC Green-Lights Crypto Activities for Banks ” in CoinDesk. The following is an excerpt:
In recent months, the federal Office of the Comptroller of the Currency (OCC) has signaled a more permissible regulatory stance towards national banks and federal savings associations (collectively, banks) engaging in crypto-asset activities. “I will continue to work diligently to ensure regulations are effective and not excessive, while maintaining a strong federal banking system,” said Acting Comptroller of the Currency Rodney E. Hood earlier this year.
On March 7, the OCC began formalizing its shift away from its Biden-era approach to regulating banks’ crypto-asset activities with the issuance of Interpretive Letter 1183. Through this interpretive letter, the OCC rescinded its supervisory non-objection process for banks seeking to engage in crypto-asset activities, thereby removing significant red tape around banks’ abilities to do so. This interpretive letter also reaffirmed the OCC’s prior guidance permitting banks to engage in a range of crypto-asset activities.
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