U.S. Banking Regulator OCC Greenlights Banks To Hold BTC, ETH, SOL, XRP For Gas Fees

The U.S. Office of the Comptroller of the Currency has officially allowed national banks to hold cryptocurrencies like Bitcoin, Ethereum, Solana and XRP directly on their balance sheets.

This approval, issued through Interpretive Letter 1186, lets banks use these digital assets for blockchain settlements, including paying gas fees on networks such as Ethereum and Solana.

The guidance also extends to tokenized platforms that require native tokens for transactions.

Until now, most banks could handle crypto only through third parties.

With this update, banks can now use select crypto assets for legitimate activities, provided they follow strict risk-management rules.

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