According to Eleanor Terrett, the US Office of the Comptroller of the Currency (OCC) has issued a proposed rule to implement the GENIUS Act, inviting public comment. This framework aims to establish regulatory guidelines for both domestic and foreign payment stablecoin issuers under OCC supervision, as well as certain custody-related activities. This development could significantly influence the operations of stablecoin providers and custody services.

According to Eleanor Terrett, Crypto.com has joined Ripple, Circle, Paxos, and Fidelity in receiving conditional approval for a trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC). This move aligns Crypto.com with other major crypto firms in advancing regulatory compliance. Meanwhile, BitGo achieved full OCC approval last year to transition its state trust company into a nationally chartered trust bank, reflecting significant strides in institutional adoption.

According to the source, another major cryptocurrency firm has successfully obtained a bank charter from the U.S. Office of the Comptroller of the Currency (OCC), joining notable players such as Circle and Ripple. This development underscores the increasing trend of crypto firms integrating into traditional financial systems, potentially expanding their service offerings and enhancing legitimacy in the financial sector.

According to @EleanorTerrett, the US crypto market structure bill markup could slip into January as negotiations continue, extending the regulatory clarity timeline and keeping policy headline risk elevated for crypto assets and related equities. Source: Eleanor Terrett, Crypto In America, Dec 10, 2025, X post. According to @EleanorTerrett, President Trump has begun Federal Reserve Chair interviews, a process that can influence rate-path expectations and liquidity conditions that drive risk appetite in BTC and ETH. Source: Eleanor Terrett, Crypto In America, Dec 10, 2025, X post. According to @EleanorTerrett, the CFTC and the US Office of the Comptroller of the Currency have taken steps to bring crypto mainstream, signaling incremental regulatory integration that can affect exchange, custody, and compliant product flows. Source: Eleanor Terrett, Crypto In America, Dec 10, 2025, X post. Trading takeaways: Monitor a potential January markup window, track CFTC and OCC communications for rulemaking signals, and watch Fed Chair headlines for volatility impacts on BTC, ETH, and US crypto-exposed stocks. Source: analysis based on developments reported by Eleanor Terrett, Dec 10, 2025.

According to @AltcoinDaily, the US national bank regulator says banks can now act as crypto intermediaries, as posted on Dec 9, 2025 (source: @AltcoinDaily on X, Dec 9, 2025). The US national bank regulator is the Office of the Comptroller of the Currency, which charters and supervises national banks in the United States, providing the relevant authority for any bank crypto intermediation guidance (source: OCC mission and authority overview). For context, the OCC has previously clarified that national banks may provide cryptocurrency custody, hold stablecoin reserves for issuers, and use stablecoin networks for payment activities subject to supervisory non-objection via Interpretive Letters 1170, 1172, and 1174 (source: OCC Interpretive Letters 1170, 1172, 1174). From a trading perspective, confirmation of a new OCC bulletin or interpretive letter would define the scope of intermediation and compliance requirements that determine bank rollout timelines, directly affecting access to bank-channel custody and settlement rails relevant to BTC and ETH liquidity (source: OCC interpretive letter process and supervisory non-objection framework). Key watchpoints for traders are 1) an official OCC release confirming the policy and its effective date, 2) announcements from major US banks on custody, settlement, or agency services, and 3) subsequent changes in BTC and ETH spot volumes on US venues to assess liquidity impact (source: OCC newsroom; bank investor relations disclosures; exchange public volume dashboards).

According to the source, the OCC chief warned that banks that block crypto custody risk irrelevance to clients seeking digital-asset services, aligning with existing OCC guidance that permits national banks to offer crypto custody (source: the source post; source: OCC Interpretive Letter 1170, Office of the Comptroller of the Currency, July 2020). OCC letters 1172 and 1174 further permit banks to hold stablecoin issuer reserves and to use independent node verification networks and stablecoins for payments, outlining clear pathways for bank participation in digital assets (source: OCC Interpretive Letter 1172, OCC, Sept 2020; source: OCC Interpretive Letter 1174, OCC, Jan 2021). Banks must still obtain supervisory nonobjection before engaging in these activities and address accounting treatment under SEC Staff Accounting Bulletin 121, both of which have constrained some large banks’ crypto custody offerings (source: OCC Chief Counsel Interpretive Letter 1179, OCC, Nov 2021; source: SEC Staff Accounting Bulletin No. 121, U.S. SEC, Mar 31, 2022). For traders, confirmation of bank-led custody or stablecoin reserve services would expand qualified custodial options for institutions and enable mandate-compliant participation in BTC and ETH markets because banks are qualified custodians under the SEC Custody Rule (source: 17 CFR 275.206(4)-2, SEC Custody Rule; source: OCC Interpretive Letter 1170, OCC, July 2020). Monitor regulatory filings and bank disclosures for new crypto custody launches and for updates from U.S. banking regulators that could accelerate or slow institutional adoption (source: Federal Reserve, FDIC, and OCC Joint Statement on Crypto-Asset Risks to Banking Organizations, Jan 3, 2023).