Banks Can Now Hold Crypto for Network Fees and Testing

The Office of the Comptroller of the Currency (OCC) has just made a big move. They said that U. S. national banks can now hold cryptocurrency on their balance sheets. Why? To pay for blockchain network fees and to test crypto platforms. Think about it like this: blockchain networks need their own tokens to process transactions. These are called "gas fees. " They are unavoidable, just like paying for postage when you send a letter. So, banks can now keep some crypto around to cover these costs. This could be for their own services or to help out their customers. The OCC made it clear that these activities are "incidental to the business of banking. " That means they are legal as long as they help banks serve customers or run more smoothly. It's like saying banks have always needed to hold certain assets to do business. Crypto is just the latest addition to this list. But there's a catch. Banks need to be careful. They have to manage risks like operational, market, liquidity, cybersecurity, and legal risks. And they can't hold too much crypto. It should be a small part of their overall capital. This news comes under the leadership of Comptroller Jonathan Gould. He was confirmed in July 2025. Under his watch, the OCC has been more open to crypto. Earlier, they allowed banks to act as nodes on blockchain networks, offer crypto custody services, and work with stablecoins. But it's not all smooth sailing. Broader rules for stablecoin issuers under the GENIUS Act are still being drafted. However, the OCC's move shows that U. S. regulators are willing to let banks participate in crypto safely and efficiently. As more banks explore digital assets, this guidance could speed things up. It's like building a bridge between traditional finance and blockchain. It gives banks a clearer way to use crypto in their everyday operations. Earlier this year, the OCC also allowed national banks and federal savings associations to offer cryptocurrency custody and trading services. So, banks can now buy and sell digital assets on behalf of customers. They can outsource crypto activities to third parties and provide services like recordkeeping, tax reporting, and compliance.