7h ago
OCC Authorizes U.S. National Banks to Hold Bitcoin, Ethereum, Solana, and XRP for Operations
The Office of the Comptroller of the Currency has authorized U.S. national banks to hold Bitcoin, Ethereum, Solana, and XRP on their balance sheets for operational purposes. Banks may now use these digital assets to pay blockchain network fees and interact directly with decentralized protocols without relying on third-party intermediaries. The ruling allows institutions to deploy cryptocurrencies in activities including internal blockchain pilots, settlement infrastructure, and smart-contract payment systems.