Banking

OCC reaffirms banks’ authority to offer crypto services without prior approval

OCC reaffirms banks’ authority to offer crypto services without prior approval

The Office of the Comptroller of the Currency (OCC) clarified on May 7 that federally chartered banks and savings associations may offer crypto services, namely custody and execution, including through third-party providers, provided they adhere to sound risk management practices and legal compliance.  The clarification, issued through Interpretive Letter 1184, confirms and expands on earlier […]

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Goldman Sachs looks to 24/7 tokenized Treasuries, money market trading in US

Goldman Sachs looks to 24/7 tokenized Treasuries, money market trading in US

Goldman Sachs aims to bring tokenized Treasuries and money market fund shares into round-the-clock trading, according to digital assets head Mathew McDermott at TOKEN2049 in Dubai. The move reflects broader ambitions to integrate traditional collateral into blockchain infrastructure as clients increase demand for on-chain exposure. The firm already operates a crypto derivatives desk and is

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Custodia CEO slams Fed policy for giving big banks preferential treatment in stablecoins

Custodia CEO slams Fed policy for giving big banks preferential treatment in stablecoins

Custodia Bank CEO Caitlin Long accused the US Federal Reserve of quietly maintaining anti-crypto policies that favor large banks while presenting an appearance of regulatory easing. Long criticized the Fed for rescinding several restrictive crypto policies last week while keeping in place a key rule from January 2023 that blocks banks from directly engaging with

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