The Office of the Comptroller of the Currency (OCC) clarified that banks can engage in some crypto activities and do not need approval from regulators beforehand. This move is significant for banks, as it allows them to enter the digital asset space. Some national banks, including Bank of America, are considering stablecoins. However, the OCC's statement only applies to national banks, and it is necessary for the FDIC and Federal Reserve to follow suit for a real change in regulatory stance. Guidance on this matter could arrive in the next month or two. There are also reports suggesting that President Trump is considering an executive order to roll back anti-crypto banking policies put in place by the previous administration. Overall, this development provides a timeline for banks and regulators to explore potential offerings before any potential stablecoin or crypto regulations are put in place by the government.



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