TechFlow, May 8 — According to The Block, the U.S. Office of the Comptroller of the Currency (OCC) has issued a new interpretive letter confirming that national banks may buy and sell crypto assets on behalf of customers and can outsource related custody and trading execution services to third parties. This decision overturns the 2021 requirement that banks obtain prior regulatory approval. With pro-crypto President Trump's support, regulatory agencies including the Federal Reserve and the FDIC have also successively eased restrictions on banks' participation in crypto-related activities.
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