OCC
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.