The Office of the Comptroller of the Currency issued Interpretive Letter 1184 on May 7, 2025, formally granting national banks and federal savings associations the authority to buy and sell digital assets on behalf of their customers. Banks can outsource custody and execution activities to third-party providers as long as appropriate risk management frameworks are in place. Financial institutions no longer need to obtain prior supervisory approval before launching these services, a significant shift from the non-objection requirement established in 2020. This guidance represents the most significant regulatory green light for institutional crypto adoption in years.
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