In their latest move to define banks’ role in digital assets, the Federal Reserve, FDIC, and OCC released joint guidance Monday on how existing rules apply to crypto custody services.
The agencies stopped short of introducing new regulations but urged banks to strengthen risk management for crypto holdings.
The statement highlights cybersecurity, key management, and market volatility as key concerns.
It follows a series of crypto policy updates under the Trump administration, including the OCC’s May decision allowing banks to trade crypto and the FDIC’s relaxed notification rules.
