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OCC Says Banks Can Engage in Crypto Custody and Certain Stablecoin Activities
OCC lifts approval and control requirements for banks engaging in cryptocurrency activities in new interpretive letter.
Mar 7, 2025, 10:32 p.m.
What to know:
- The Office of the Comptroller of the Currency (OCC) said that federally regulated banks can engage in various cryptocurrency activities without prior approval.
- The OCC has withdrawn its 2023 statement on liquidity risks for banks from crypto, indicating a shift in its previous concerns about the industry's impact on financial stability.
Federally regulated banks can engage in a range of cryptocurrency activities without prior approval, The Office of the Comptroller of the Currency (OCC) said, in a new interpretive letter and statement.
In a new interpretive letter, the OCC clarified that national banks and federal savings associations can legally provide crypto custody, conduct certain stablecoin-related activities, and run nodes.
“The OCC expects banks to have the same strong risk management controls in place to support novel bank activities as they do for traditional ones,” said Acting Comptroller of the Currency Rodney E. Hood.
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“Today’s action will reduce the burden on banks to engage in crypto-related activities and ensure that these bank activities are treated consistently by the OCC, regardless of the underlying technology."
As part of this new interpretive letter, the OCC withdrew a statement it made in 2023 on liquidity risks for banks from crypto, suggesting a rollback of prior concerns about the industry's impact on financial stability.
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Lo que debes saber:
- 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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