U.S. federal banking regulators have released a joint statement clarifying that existing rules apply to banks holding crypto for customers. The Federal Reserve Board, the OCC, and the FDIC said banks can offer crypto safekeeping, as long as they manage risks such as cybersecurity and control of private keys.

The agencies confirmed they are not introducing new rules. Banks must treat crypto like any other product by using strong risk management and governance frameworks. This move shows growing regulatory support as the crypto industry continues to expand.

Since President Trump took office, agencies have pushed for clearer crypto rules. The OCC recently allowed banks to buy and sell crypto on their own behalf. The FDIC no longer requires pre-approval for crypto activities. Jonathan Gould, a former blockchain executive, was confirmed last week to lead the OCC, signaling continued pro-crypto leadership in key financial agencies.

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