The Currency Controller Office (OCC), the American bank’s regulator, has set out a range of cryptocurrency activities authorized in the federal banking system, which will encourage institutional adoption.
Olivia Vande Woude, Commercial development for capital institutions and markets at Avalabs, Who builds blockchain technology, said:
Banks have once required explicit #OCC Approval of cryptographic activities. Now they have greater autonomy, provided they operate in the frame described in the letter.
This marks the start of institutional 🔺utomia on @avax. pic.twitter.com/zolu18SCC4
– Olivia Vande Woude (@Cryptoreine) March 7, 2025
THE #OCC The letter of interpretation 1183 means that federal banks and associations can engage in the care of cryptocurrencies.
In addition, didopion are on the way. pic.twitter.com/1gfyil4lsi
– Olivia Vande Woude (@Cryptoreine) March 8, 2025
THE #OCC The decision is given by authorizing #banks To emit or facilitate stablecoin transactions, regulators effectively integrate crypto into the financial system. This opens the way to faster colonies, improved cross -border payments and wider institutional … https://t.co/sudtjrpqvt
– Olivia Vande Woude (@Cryptoreine) March 7, 2025
With #OCCThe decision of the decision today, banks can execute nodes on independent verification networks, validate transactions and secure the system.
It is not only a technological upgrade – it is banks that establish a foot in a space formerly dominated by finches and crypto -native businesses.
Big…
– Olivia Vande Woude (@Cryptoreine) March 7, 2025
Morgan Krupetsky, Principal Director of Commercial Development for Institutions and Capital Markets of Avalabs, said:
One more step from institutional adoption, a key American bank regulator now gives the green light to banks in order to take advantage of public blockchain networks.
Enormous development for @avax 🔺https://t.co/ofv5r04ilk
– Morgan Krupetsky (@Morgankrupetsky) March 7, 2025
James Lavish, co-founder of Bitcoin Opportunity Fund, said:
Good evening.
American banks that can hold Bitcoin will be the largest positive Bitcoin catalyst this year.
Have a good night.
– James Lavish (@jameslavish) March 9, 2025
Brian ArMSTRONG, co-founder and managing director of Crypto Exchange, listed in the United States, Coinbase, said:
Great leadership of @Usocc And interim captroller for having taken essential measures to cancel the harmful rules, which made it difficult for the digital asset industry to access financial services. Let’s do the world capital of cryptography in the United States! https://t.co/lbhlyprumo
– Brian Armstrong (@brian_armstrong) March 8, 2025
WOI clarifies bank power to engage in certain cryptocurrency activities
The currency controller office (OCC) has taken measures for a range of cryptocurrency activities to be authorized in the federal banking system.
The letter of interpretation published on occurrence 1183 to confirm that the custody of crypto-active, certain activities of Stablecoin and participation in independent nodes verification networks such as the large distributed book are authorized to national banks and federal savings associations. The letter also cancels the requirement for institutions supervised by the WC to receive the non-object of supervision and demonstrates that they have adequate controls in place before being able to engage in these cryptocurrency activities.
“The OUC expects the banks to have the same strong risk management controls to support new banking activities as for the most traditional,” said the acting controller Rodney E. Hood. “Today’s action will reduce the burden of banks to engage in crypto-related activities and guarantee that these banking activities are coherently treated by the OCC, whatever the underlying technology. I will continue to work with diligence to ensure that the regulations are effective and not excessive, while maintaining a solid federal banking system. »»
In accordance with the letter of interpretation 1183, the OCC has also withdrawn its participation in the joint declaration on the risks of cryptocurrency for banking organizations and the joint declaration on liquidity risks to banking organizations resulting from the vulnerabilities of the crypto-active market.
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Source: WOL
American Strategic Bitcoin Reserve
In addition to the WCI directives, President Trump signed a decree on March 6, 2025 by establishing a Bitcoin Strategic Reserve (SBR) and a stock of American digital assets. Bitwise, the Digital Asset Fund Manager, said in a report that unlike market expectations, Bitcoin immediately dropped by around 6% after the announcement in a reaction of “Buying the rumor, selling the fact”.
“The details of the decree reveal that it will allow the United States government to make additional bitcoin purchases although these purchases must join budgetary neutrality,” added Bitwise. “The question still remains whether budgetary neutrality must be carried out in the short term or if there could be a room for maneuver with regard to long -term budgetary neutrality.”
Greg Cipolaro, World Research Manager at NYDIG, a Bitcoin financial service company, said in a report that this has gone through a decree rather than in a law, makes it much less permanent and could be easily canceled by the next administration.
“We will not have to worry about the American government which sells its Bitcoin reserve, but only in the next four years,” added Cipolaro. “However, we consider the decree as favorable to the larger digital asset industry, and it gives Bitcoin a special place in the ecosystem.”
