- On July 14, 2025, the Board of Governors of the Federal Reserve System (Federal Reserve), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) (together, the “Agencies”) issued a joint statement addressing risk management and legal expectations applicable to banking organizations engaging in crypto-asset safekeeping activities (the “Statement”). The Statement reinforces federal supervisory expectations that banking organizations approach crypto-asset safekeeping with a conservative risk posture and rigorous controls.
- The Statement outlines risks that are distinct to crypto assets, including fraud, operational vulnerabilities, legal uncertainty, and…
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Jul 23 2025
