Lorenzo Stroe
Independent Analyst
- According to a recent article by Reuters, U.S. banks might be giving cryptos a regulatory green light.
- The market hasn’t reacted yet to the news.
On Wednesday 22, Brian Brooks at Office of the Comptroller of the Currency stated that ‘we must ensure banks can meet the financial services needs of their customers today’. This could be massive for the entire cryptocurrency market as banks have always been the enemy.
In Brook’s opinion letter, the OCC said protecting access to cryptocurrencies falls within "longstanding authorities to engage in safekeeping and custody activities" for banks. The news has already been reported by major media outlets including Nasdaq, Nytimes and Yahoo Finance.
Bitcoin hasn’t reacted just yet but it’s expected to see at least a minor price pump within the next few hours.
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