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Trump Banking Regulator Determined Banks Should Be Allowed to Trade Crypto: Report
But the OCC staff’s ruling was never made public.
Yazan James Rubin
A U.S. banking regulator during the Donald Trump administration took the position that banks could legally trade cryptocurrencies for their clients, according to a Politico article Friday.
- The determination was made by staff at the Office of the Comptroller of the Currency (OCC), according to the report, which cited unnamed sources. It could enable banks to have digital currencies as assets for trading.
- The determination, which was never made public, counters the aggressively anti-crypto stance of the former President, who in a June interview with Fox Business said that bitcoin seemed “like a scam.”
- Three weeks after the 2020 Presidential election, Coinbase CEO Brian Armstrong even took to Twitter to blast rumored plans by the U.S. Treasury Department to attempt to track owners of self-hosted cryptocurrency wallets with an onerous set of data-collection requirements.
- Michael Hsu, President Joe Biden’s acting head of the national bank regulator, has been reviewing the OCC’s stance on crypto since taking office in May.
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This story is developing and will be updated.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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From Wall Street to the World Cup: How Football Became Crypto’s Biggest Gateway Drug
As institutions are laying the groundwork for wider crypto adoption from the top down, it’s being met by rising interest from football fans from the ground up.
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