Three US Fed banking regulators issued a joint statement on Monday, reminding banks that offer crypto custody to follow risk-management considerations. The Federal Reserve, Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) discussed how existing laws, regulations and risk-management protocols apply to crypto ‘safekeeping.’ The agencies clarified that the statement does not create any new supervisory expectations, emphasizing the need for stronger risk-management practices. “[The statement] reminds banks that provide or are considering providing safekeeping of such assets that they must do so in a safe and sound manner and in compliance with applicable laws and regulations.” @federalreserve @FDICgov @USOCC issue joint statement on risk-management considerations for crypto-asset safekeeping: https://t.co/1VFNYCx75T — Federal Reserve (@federalreserve) July 14, 2025 Banks Can Provide Crypto Custody in Two Forms: Fed Agencies The trio of agencies stressed that the proper way to custody such assets involves “controlling the cryptographic keys associated with the crypto-asset in a manner that complies with applicable laws and regulations,” a detailed 7-page memo read. Further, banks can offer crypto custody in two forms: fiduciary and non-fiduciary, they added. In a fiduciary arrangement, where banks are legally authorized to act on behalf of clients like a trustee, specific federal regulations (12 CFR 9 or 150) must be followed. Additionally, state laws and regulations, and any other applicable legal provisions, are also in place, the statement noted. For non-fiduciary services, banks are mandated to implement robust protections to safeguard customers’ digital assets. This includes protection against cyber threats, data loss and mismanagement of private keys. Fed Agencies’ Pivot From Previous Crypto Guidances US Fed agencies have previously restricted banks from easily engaging with crypto businesses under the Biden administration. In March, the current crypto-friendly President Donald Trump signed a long-awaited crypto order that sets a federal agenda meant to move U.S. digital assets businesses into friendly oversight. As a result, the FDIC officially removed “reputational risk” as a factor in bank supervision, creating a significant victory for the crypto space. The agency also issued new guidance that cleared the way for supervised banks in the US to engage in crypto-related activities without seeking prior approval. 🏦 The @FDICgov revised its crypto policy, letting banks engage in digital asset services without prior approval. Oversight continues through post-notification reviews. #CryptoRegulation #FDIC https://t.co/lOsoTfKKtN — Cryptonews.com (@cryptonews) March 29, 2025 The latest statement from the agencies arrives on the first day of the U.S. House of Representatives’ self-described Crypto Week . Starting July 14, the GOP aims to push three key crypto bills this week, including the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act.Three US Fed banking regulators issued a joint statement on Monday, reminding banks that offer crypto custody to follow risk-management considerations. The Federal Reserve, Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) discussed how existing laws, regulations and risk-management protocols apply to crypto ‘safekeeping.’ The agencies clarified that the statement does not create any new supervisory expectations, emphasizing the need for stronger risk-management practices. “[The statement] reminds banks that provide or are considering providing safekeeping of such assets that they must do so in a safe and sound manner and in compliance with applicable laws and regulations.” @federalreserve @FDICgov @USOCC issue joint statement on risk-management considerations for crypto-asset safekeeping: https://t.co/1VFNYCx75T — Federal Reserve (@federalreserve) July 14, 2025 Banks Can Provide Crypto Custody in Two Forms: Fed Agencies The trio of agencies stressed that the proper way to custody such assets involves “controlling the cryptographic keys associated with the crypto-asset in a manner that complies with applicable laws and regulations,” a detailed 7-page memo read. Further, banks can offer crypto custody in two forms: fiduciary and non-fiduciary, they added. In a fiduciary arrangement, where banks are legally authorized to act on behalf of clients like a trustee, specific federal regulations (12 CFR 9 or 150) must be followed. Additionally, state laws and regulations, and any other applicable legal provisions, are also in place, the statement noted. For non-fiduciary services, banks are mandated to implement robust protections to safeguard customers’ digital assets. This includes protection against cyber threats, data loss and mismanagement of private keys. Fed Agencies’ Pivot From Previous Crypto Guidances US Fed agencies have previously restricted banks from easily engaging with crypto businesses under the Biden administration. In March, the current crypto-friendly President Donald Trump signed a long-awaited crypto order that sets a federal agenda meant to move U.S. digital assets businesses into friendly oversight. As a result, the FDIC officially removed “reputational risk” as a factor in bank supervision, creating a significant victory for the crypto space. The agency also issued new guidance that cleared the way for supervised banks in the US to engage in crypto-related activities without seeking prior approval. 🏦 The @FDICgov revised its crypto policy, letting banks engage in digital asset services without prior approval. Oversight continues through post-notification reviews. #CryptoRegulation #FDIC https://t.co/lOsoTfKKtN — Cryptonews.com (@cryptonews) March 29, 2025 The latest statement from the agencies arrives on the first day of the U.S. House of Representatives’ self-described Crypto Week . Starting July 14, the GOP aims to push three key crypto bills this week, including the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act.
Banks Engaging in Crypto ‘Safekeeping’ Must Strengthen Risk Controls: US Fed Agencies
Three US Fed banking regulators issued a joint statement on Monday, reminding banks that offer crypto custody to follow risk-management considerations.
The Federal Reserve, Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) discussed how existing laws, regulations and risk-management protocols apply to crypto ‘safekeeping.’
The agencies clarified that the statement does not create any new supervisory expectations, emphasizing the need for stronger risk-management practices.
“[The statement] reminds banks that provide or are considering providing safekeeping of such assets that they must do so in a safe and sound manner and in compliance with applicable laws and regulations.”
Banks Can Provide Crypto Custody in Two Forms: Fed Agencies
The trio of agencies stressed that the proper way to custody such assets involves “controlling the cryptographic keys associated with the crypto-asset in a manner that complies with applicable laws and regulations,” a detailed 7-page memo read.
Further, banks can offer crypto custody in two forms: fiduciary and non-fiduciary, they added.
In a fiduciary arrangement, where banks are legally authorized to act on behalf of clients like a trustee, specific federal regulations (12 CFR 9 or 150) must be followed. Additionally, state laws and regulations, and any other applicable legal provisions, are also in place, the statement noted.
For non-fiduciary services, banks are mandated to implement robust protections to safeguard customers’ digital assets. This includes protection against cyber threats, data loss and mismanagement of private keys.
Fed Agencies’ Pivot From Previous Crypto Guidances
US Fed agencies have previously restricted banks from easily engaging with crypto businesses under the Biden administration.
In March, the current crypto-friendly President Donald Trump signed a long-awaited crypto order that sets a federal agenda meant to move U.S. digital assets businesses into friendly oversight.
As a result, the FDIC officially removed “reputational risk” as a factor in bank supervision, creating a significant victory for the crypto space.
The agency also issued new guidance that cleared the way for supervised banks in the US to engage in crypto-related activities without seeking prior approval.
The latest statement from the agencies arrives on the first day of the U.S. House of Representatives’ self-described Crypto Week. Starting July 14, the GOP aims to push three key crypto bills this week, including the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act.
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Bitcoin Has Taken Gold’s Role In Today’s World, Eric Trump Says
Eric Trump on Tuesday described Bitcoin as a “modern-day gold,” calling it a liquid store of value that can act as a hedge to real estate and other assets. Related Reading: XRP’s Biggest Rally Yet? Analyst Projects $20+ In October 2025 According to reports, the remark came during a TV appearance on CNBC’s Squawk Box, tied to the launch of American Bitcoin, the mining and treasury firm he helped start. Company Holdings And Strategy Based on public filings and company summaries, American Bitcoin has accumulated 2,443 BTC on its balance sheet. That stash has been valued in the low hundreds of millions of dollars at recent spot prices. The firm mixes large-scale mining with the goal of holding Bitcoin as a strategic reserve, which it says will help it grow both production and asset holdings over time. Eric Trump’s comments were direct. He told viewers that institutions are treating Bitcoin more like a store of value than a fringe idea, and he warned firms that resist blockchain adoption. The tone was strong at times, and the line about Bitcoin being a modern equivalent of gold was used to frame American Bitcoin’s role as both miner and holder. Eric Trump has said: bitcoin is modern-day gold — unusual_whales (@unusual_whales) September 16, 2025 How The Company Went Public American Bitcoin moved toward a public listing via an all-stock merger with Gryphon Digital Mining earlier this year, a deal that kept most of the original shareholders in control and positioned the new entity for a Nasdaq debut. Reports show that mining partner Hut 8 holds a large ownership stake, leaving the Trump family and other backers with a minority share. The listing brought fresh attention and capital to the firm as it began trading under the ticker ABTC. Market watchers say the firm’s public debut highlights two trends: mining companies are trying to grow by both producing and holding Bitcoin, and political ties are bringing more headlines to crypto firms. Some analysts point out that holding large amounts of Bitcoin on the balance sheet exposes a company to price swings, while supporters argue it aligns incentives between miners and investors. Related Reading: Ethereum Bulls Target $8,500 With Big Money Backing The Move – Details Reaction And Possible Risks Based on coverage of the launch, investors have reacted with both enthusiasm and caution. Supporters praise the prospect of a US-based miner that aims to be transparent and aggressive about building a reserve. Critics point to governance questions, possible conflicts tied to high-profile backers, and the usual risks of a volatile asset being held on corporate balance sheets. Eric Trump’s remark that Bitcoin has taken gold’s role in today’s world reflects both his belief in its value and American Bitcoin’s strategy of mining and holding. Whether that view sticks will depend on how investors and institutions respond in the months ahead. Featured image from Meta, chart from TradingView
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NewsBTC2025/09/18 06:00
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps
The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
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BitcoinEthereumNews2025/09/18 04:36
UK Looks to US to Adopt More Crypto-Friendly Approach
The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation. UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter. The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy. Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider. Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
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BitcoinEthereumNews2025/09/18 02:21