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US BANKING AUTHORITY CLEARS PATH FOR CRYPTO SERVICES AT NATIONAL BANKS
OCC and Fed’s synchronized policy shift opens doors for national banks to enter crypto markets amid rising customer demand.
The Office of the Comptroller of the Currency (OCC) confirmed on May 13 that national banks are now authorized to engage in a wide range of crypto-asset activities, removing long-standing regulatory ambiguities that had kept many financial institutions on the sidelines.
In tandem with recent moves by the Federal Reserve, the policy shift opens the door for national banks to offer crypto custody, execute trades at customer direction, and outsource digital asset services under established third-party risk guidelines.
OCC announcements and letters
The OCC’s announcement, delivered via a statement and supported by Interpretive Letters 1183 and 1184, marks a coordinated rollback of prior restrictions.
- Letter 1183, issued March 7, formally rescinds the 2021 supervisory “non-objection” process set out in Letter 1179.
- Letter 1184, issued May 7, extends authority by permitting banks to buy and sell cryptocurrencies held in custody when directed by clients.
These policy updates align with the Federal Reserve’s April 24 decision to retract its pre-approval guidance for crypto activities.
Together, these actions dissolve the primary regulatory hurdles that had delayed widespread adoption of crypto services by traditional financial institutions.
“The U.S. banking system is now deemed well-positioned to support digital asset activity,” the OCC stated.
Future of crypto within US TradFi Sector
With the global crypto market cap around $3.33 trillion as of May 13, the scale of the opportunity is no longer viewed as speculative. National banks now have the opportunity to compete for custody fees and customer retention in a space once dominated by fintech firms.
“More than 50 million Americans hold some form of cryptocurrency,” said Acting Comptroller Rodney E. Hood.
“The digitalization of financial services is not a trend; it is a transformation.”
The shift is framed as a structural evolution, supporting integration within banking models, not experimentation.
Next steps
Letters 1183 and 1184 emphasize AML compliance, yet omit guidance on private key management and capital adequacy.
- Integration of AML systems, wallet infrastructure, and third-party contracts may take 6–12 months.
- Ongoing jurisdictional questions between the SEC and CFTC create regulatory gray zones for some tokens.
FDIC does not insure digital asset holdings, a vital point for customer awareness.
Still, this represents the most pronounced shift in U.S. banking crypto policy since 2020’s Letter 1170.
The policy aligns U.S. oversight with Europe and Asia, where regulated crypto services are already common. Political pressure to counter alleged efforts like “Operation Chokepoint 2.0” has influenced this evolution.
As Letters 1183 and 1184 take effect, competition is expected to intensify. Traditional banks may quickly gain ground if they can translate permission into readiness—leveraging trust and regulatory infrastructure as advantages.
@ Newshounds News™
Source: CryptoSlate
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CARDANO’S BIG NEWS: BRAVE WALLET INTEGRATION
Brave Wallet integration allows over 70 million users to send and receive Cardano’s ADA tokens.
Charles Hoskinson teases major updates, linked to the Midnight upgrade, for Cardano’s future growth.
ADA has broken past key levels, suggesting potential price surge toward $0.86 and $1.
After jumping 20% last week, Cardano (ADA) has now dropped 5%, but there’s more behind it. With the Brave Wallet now supporting ADA and Cardano’s founder teasing more surprises, the stage is set for ADA price to hit a monthly high.
So, is ADA on its way to $1?
Cardano’s Brave Wallet Integration
The Brave browser, which has over 70 million users, has officially added support for ADA in its built-in crypto wallet. Reacting to the news, Cardano’s founder Charles Hoskinson hinted that this is just the beginning.
He suggested that several more big updates will roll out through the Summer and Fall of 2025.
Hoskinson even joked that VPN and advertising companies might be in for a shock once these integrations go live.
His message was clear: Cardano is entering a new phase of real-world adoption, and the Midnight upgrade is just the start.
ADA Eyeing $1 Mark – Key Levels To Watch
This Brave integration has brought back fresh hopes in the Cardano community, especially after ADA’s recent dip.
As of now, ADA price is currently trading around $0.79, down 4% today. Still, many traders see this as a healthy correction, not a warning sign.
Looking at the chart, ADA has already broken past the $0.72 and $0.75 levels, which is a good sign. It is now sitting close to the $0.786 level, which is an important zone.
If it can break through this and hold, the next targets could be around $0.86 and even higher, like $1.00.
Bullish Momentum Isn’t Over Yet
One more positive sign is that the trading volume is strong—currently at $1.88 billion, reflecting a surge of 65% seen in the last 24 hours. This means a lot of people are buying and selling ADA right now.
Technical signs like RSI also hint at a bullish momentum as it is still at 61.
However, if it fails to move higher, the price might fall back down to support near $0.72 or $0.67.
@ Newshounds News™
Source: CoinPedia
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Isaac Update
5/13/2025
Isaac will post in his Telegram Room tomorrow after his appointment.
Isaac’s Telegram Room Link
@ Newshounds News™
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