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ABA: The American Bankers Association
Statement
  • For Immediate Release
  • March 7, 2025

ABA Applauds OCC Interpretive Letter on Bank Crypto-Asset Activities

"We applaud the OCC’s release of Interpretive Letter 1183 confirming the permissibility of national banks to provide key products and services in the digital asset market and removing the requirement for national banks to obtain supervisory non-objection before engaging in these activities. ABA has strongly advocated that these misguided policies, which created an atypical standard for many product and technology implementations, be rescinded. Banks have a critical role to play in the digital asset ecosystem, which has the potential to be a catalyst for change in traditional financial markets, and the OCC’s actions today are an important step toward enabling that success."

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $24.1 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.2 trillion in deposits and extend $12.7 trillion in loans.

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