"U.S. Crypto Regulation Advances: Banking Regulatory Authorities Release Guidelines for Crypto Asset Custody" (Author: FinTax) On July 14, 2025, the Federal Reserve, FDIC, and OCC jointly issued a statement outlining six key risk management points for banks providing crypto asset custody services, including key control, cybersecurity, third-party management, audit requirements, and more, emphasizing that banks should establish a risk governance framework that adapts to changes in the crypto market.

This initiative is part of the Trump administration's cryptocurrency regulatory reform. The statement signals a more open regulatory approach, encouraging banks to safely and soundly enter the cryptocurrency custody space, laying the groundwork for the integration of the crypto industry with traditional finance. Read more: