Banks In Crypto: The OCC’s Quiet Game-Changer
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Banks In Crypto: The OCC’s Quiet Game-Changer
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12:00am, Sunday, March 9, 2025
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OCC allows banks to engage in Crypto industry
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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.
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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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