Ethereum Updates: U.S. Financial Institutions Approved to Hold Crypto Assets as Country Aims for Blockchain Dominance
- U.S. national banks can now hold crypto assets like Bitcoin and Ethereum to pay blockchain fees, per OCC guidance. - The move aligns with Trump's pro-crypto agenda to reduce regulatory barriers and position the U.S. as a global crypto hub. - Banks can use crypto reserves for gas fees or testing blockchain platforms, improving operational efficiency without third-party intermediaries. - Major banks like JPMorgan and BNY Mellon are expanding crypto services, supported by the OCC's updated framework under t
The U.S. Office of the Comptroller of the Currency (OCC) has announced that national banks are now permitted to include cryptocurrencies on their balance sheets for the purpose of paying blockchain network fees, representing a significant change in the regulatory stance on digital assets. The new directive,
The OCC stressed that banks must engage in these activities "in a safe and sound manner and in compliance with applicable law,"
This policy change resolves longstanding uncertainty for banks interested in offering crypto-related services. Previously, banks required special approval to hold digital assets for operational reasons,
This regulatory update comes as banks show increasing interest in crypto services.
The Senate Banking Committee is scheduled to vote in December 2025 on a comprehensive bill for crypto market structure
The OCC’s recent move is part of a wider pro-crypto strategy under
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