Key Takeaways

  • The OCC grants US banks authority to hold crypto for network fees (gas fees).
  • The notice permits banks to hold crypto on their balance sheets for permissible activities.
  • The guidance builds on a prior letter allowing banks to handle digital assets on behalf of customers.
  • The OCC cites the GENIUS Act signed in July, establishing a regulatory framework for payment stablecoins.
  • The guidance highlights the increasing integration of digital assets into traditional banking.

Full Details

The US Office of the Comptroller of the Currency (OCC) has issued significant guidance to national banks, confirming their authority to hold specific cryptocurrencies for the purpose of paying blockchain network fees, also known as gas fees. This development marks a notable step forward in the integration of digital assets into the traditional banking sector. According to the notice released on Tuesday, US banks are now permitted to hold crypto on their balance sheets to pay network or gas fees, provided the transactions are for permissible activities. The regulator stated that an authorized national bank “may hold amounts of crypto-assets as principal necessary for testing otherwise permissible crypto-asset-related platforms.”

The OCC emphasized that national banks must conduct these activities in a safe and sound manner and in compliance with applicable law. This notice expands upon a previous letter issued in May, which informed banks that they could handle digital assets on behalf of their customers and outsource certain crypto activities to third parties. Both sets of guidance come amid the OCC adopting a different tone on crypto under the Trump administration, reducing the regulatory burden on financial institutions.

The Tuesday letter cites the GENIUS stablecoin bill signed into law in July, which establishes a regulatory framework for payment stablecoins. According to the OCC, stablecoin transactions at authorized national banks will likely require network fees, allowing the bank to pay through assets in its custody or via an agent.

Implementing GENIUS Act, Looking to Pass Market Structure

Although the stablecoin bill was signed into law in July, the legislation is still likely to be months away from implementation, as the US Treasury and Federal Reserve need to finalize the regulations. In the meantime, lawmakers in the US Senate are reportedly moving forward with negotiations to pass a digital asset market structure bill, considered by many in the industry to be the most significant crypto-related law under consideration.


Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Latest news

Thursday, 14 May 2026

Indices

Gold Price Today, May 15: XAU/USD Consolidates in $4,650–$4,690 Range Amid Fed Policy Uncertainty

Thursday, 14 May 2026

Indices

Korean Stock Market Crash: Samsung and SK Hynix Power KOSPI to Record Highs

Wednesday, 13 May 2026

Indices

NVDA News Today: Developments in NVIDIA AI Ecosystem Partnerships

Wednesday, 13 May 2026

Indices

Gold price today, May 14: XAU/USD near $4,700, gold steady ahead of Trump-Xi talks

Tuesday, 12 May 2026

Indices

Record Inflows Pour into South African Markets Amid Reform Momentum: $42 Billion Foreign Investment Surge

Tuesday, 12 May 2026

Indices

Gold Price Today, May 13: Gold Plunges Below $4,700 as Hot US CPI & Surging Oil Crush Rate-Cut Hopes

Monday, 11 May 2026

Indices

Latest ETF News Highlights: BTC Price (BTC/USD) Holds at $81,500 Amid Strong Bitcoin ETF Inflows

Monday, 11 May 2026

Indices

Gold Price Today, May 12: XAU/USD Rises Sharply After Fed Cut Live Gold Price at $4,750

Sunday, 10 May 2026

Indices

Stock Market Today: Nifty Slips Below 24,200, Sensex Drops to 77,328 as Oil Crosses $100

Sunday, 10 May 2026

Indices

Gold Price Today, May 11: Gold (XAUUSD) Trading at $4,695, Central Banks Keep Buying as Investors Seek Shelter