OCC
New OCC approvals and guidance allow banks to offer crypto custody services and engage in riskless principal trading, giving regulated institutions clearer paths to enter crypto markets. The move aims to boost institutional access while keeping banks under federal oversight.
Fold has secured nationwide U.S. consumer access to bitcoin under a single federally supervised trust structure, enabled by a partnership that leverages BitGo Bank & Trust’s new OCC charter. The move streamlines oversight and could simplify compliance across states.
The SEC and OCC made coordinated regulatory moves late last week that signal stronger, clearer federal support for crypto. Market participants say the actions reduce uncertainty and could accelerate bank involvement, custody services and institutional investment.
Ripple received conditional OCC approval to form Ripple National Trust Bank, a move CEO Brad Garlinghouse called “huge news.” He also criticized the banking lobby for resisting crypto-specific charters.
The OCC has granted conditional approvals allowing Paxos, Fidelity, Ripple, BitGo and Circle to operate as national trust banks under federal oversight. The move could bolster custody, stablecoin and settlement services as each firm completes OCC conditions.
The Office of the Comptroller of the Currency has authorized U.S. banks to hold Bitcoin, Ethereum, Solana and XRP on their balance sheets to cover on-chain gas and transaction fees. The move clarifies banks can maintain small token balances for operational use rather than relying solely on external wallets.
Erebor Bank, National Association in Columbus, Ohio, has received conditional approval for a de novo national bank charter from the Office of the Comptroller of the Currency (OCC). This marks a significant milestone under Comptroller Jonathan V. Gould's leadership and highlights the OCC's support for innovation in digital asset activities within the federal banking system.
Erebor Bank receives a conditional federal charter approval from the OCC, marking the first new bank under Jonathan Gould's leadership. The bank aims to serve tech companies and crypto users, reflecting regulatory openness towards digital assets.
On July 14, 2025, the FDIC, Federal Reserve Board, and OCC issued a joint statement addressing risk-management for banks offering crypto-asset safekeeping services, emphasizing adherence to existing regulations without adding new supervisory rules.