US federal banks can now legally handle crypto assets. The Office of the Comptroller of the Currency (OCC) has officially cleared national banks and savings associations to hold digital assets, handle stablecoins, and implement blockchain technology. What’s more, banks no longer need to obtain prior approval from the OCC for such operations, significantly simplifying the process.

The OCC emphasized that banks must use the same rigorous risk management practices as in traditional financial operations. This decision reduces bureaucratic burdens and ensures a uniform approach to crypto asset regulation. The OCC also declined to participate in joint statements on crypto risks, indicating growing confidence in the space.

The move follows a broader trend, with the White House earlier repealing a controversial rule requiring DeFi brokers to act like traditional brokers. All of this confirms that crypto assets are gradually being integrated into the US financial system.