OCC Releases Correspondence on Crypto Activities

Posted: Dec 03 2025

The OCC recently released its correspondence to banks that sought to engage in cryptocurrency-related activities as part of an effort to end alleged debanking by the agency. The names of the banks were redacted from the correspondence.

The OCC in 2021 issued an interpretive letter requiring banks to first notify agency supervisors of their intent to enter into crypto-related activity and to seek a written supervisory non-objection prior to doing so. The requirement was rescinded earlier this year, with OCC’s current leadership accusing its predecessor of misusing its authority to debank legal crypto activities.

To learn more, visit: https://www.occ.treas.gov/topics/laws-and-regulations/interpretations-and-precedents/summary-of-interpretive-letter-1179-requests.html