OCC Opens Charters to Crypto Firms for Digital Asset Management

The US Office of the Comptroller of the Currency (OCC) has announced that Bitcoin and crypto companies can apply for national trust bank charters. This move allows these firms to custody and manage digital assets under federal regulation, but they cannot take retail deposits or primarily lend.

This decision signals growing federal acceptance of crypto operations like custody and stablecoins, potentially increasing institutional involvement in the crypto market.