The US Monetary Authority claims that banks have the right to participate in certain cryptocurrency activities

According to BlockBeats, on March 8th, the Office of the Superintendent of the Currency (OCC) in the United States issued its latest explanatory letter, clarifying that federally regulated banks can directly engage in cryptocurrency custody, stablecoin related businesses, and blockchain node operations without prior approval. OCC has also withdrawn its 2023 statement regarding bank cryptocurrency liquidity risk. OCC Acting Director Rodney E. Hood stated, "OCC expects banks to have the same strong risk management controls as traditional businesses when supporting new banking businesses. Today's measures will reduce the burden on banks to engage in cryptocurrency related businesses and ensure that these businesses are treated consistently under OCC supervision, regardless of their underlying technology. I will continue to work hard to ensure that regulation is both effective and not excessive, while maintaining a robust federal banking system