[U.S. OCC Allows Banks to Hold Cryptocurrency for Blockchain Network Fees] BlockBeats news, November 19, according to The Block, the U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1186 on Tuesday, confirming that banks can hold specific cryptocurrencies to pay blockchain network fees. The OCC specifically mentioned the Ethereum network as an example, stating that Ethereum transactions require ETH to pay gas fees, and banks can hold the necessary cryptocurrency on their balance sheets to cover these costs. The guidance document states: 'We confirm that the proposed activities described by the banks are permissible,' and explains that failing to do so may result in 'costs and significant risks associated with operational complexity, asset price fluctuations, and transaction delays.'