The Office of the Comptroller of the Currency (OCC) released Interpretive Letter 1183 (IL 1183) that states that national banks can engage in cryptocurrency activities

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The Office of the Comptroller of the Currency (OCC) released Interpretive Letter 1183 (IL 1183) that states that national banks can engage in cryptocurrency activities

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News event
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Event date

Mar 7, 2025 - 12:00am

Quotes that support claims

IL 1183 was signed by Acting Comptroller of the Currency Rodney E. Hood personally, instead of being delegated to a Deputy Comptroller or to the Chief Counsel of the OCC. This may imply that the decision to reassert the authority of national banks to participate in cryptocurrency was made at the highest levels.

Related projects

Office of the Comptroller of the Currency

Related topics

Policy & regulations

Sources

Banks In Crypto: The OCC’s Quiet Game-Changer

Tags

Week 10 of 2025
03/07/2025

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Summary

Crypto news

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