FDIC, Federal Reserve, and OCC Clarify Risk Management for Banks Holding Crypto Assets

On July 14, 2025, key regulatory bodies in the U.S., namely the Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board, and the Office of the Comptroller of the Currency (OCC), jointly issued an important statement regarding risk management for banks involved in crypto-asset safekeeping.

The statement highlights the risks connected with holding crypto assets on behalf of customers and stresses that banks must manage these assets responsibly while fully complying with existing laws and regulations. Importantly, the agencies clarified that this does not introduce any new supervisory expectations; rather, current risk-management principles already in place will continue to apply.

This announcement brings greater clarity for banking institutions venturing into crypto-related services and assures them that sound risk management practices remain paramount. Additionally, the agencies signaled their ongoing exploration and search for further guidance on banks’ roles in crypto activities.

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