OCC Confirms That National Banks May Engage in “Riskless Principal” Crypto-Asset Transactions

On December 9, 2025, the Office of the Comptroller of the Currency (“OCC”) issued Interpretive Letter #1188 (the “Interpretive Letter”) which confirms that national banks may engage in riskless principal crypto-asset transactions with and on behalf of their customers. The Interpretive Letter indicates that “[i]n a riskless principal transaction, an intermediary purchases an asset from … Continue reading “OCC Confirms That National Banks May Engage in “Riskless Principal” Crypto-Asset Transactions”