[OCC Confirms U.S. National Banks Can Conduct 'Riskless Principal' Crypto Asset Matching Transactions] The Office of the Comptroller of the Currency (OCC) has issued Interpretive Letter 1188, confirming that national banks can act as 'risk-neutral' principals to facilitate crypto asset transactions by entering into a transaction with one client and simultaneously conducting an equivalent reverse transaction with another client. The banks do not hold crypto asset inventories, functioning equivalently to agency brokers. Such activities must be conducted in a safe and sound manner and comply with applicable laws.