OCC's New Fee Clearance Shows Further Ease Around Crypto (Law360)
In this article for Law360, Jones Day’s Michael Dawson, Abradat Kamalpour, and Nick Podsiadly discuss the Office of the Comptroller of the Currency’s (OCC) Interpretive Letter 1186, which confirms national banks may hold crypto-assets on balance sheets in order to pay reasonably expected amounts of blockchain network fees, and how this confirmation reflects a continued trend by the OCC toward a more permissive approach to national banks' crypto-asset activities.
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